Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.8 per cent on a year-over-year basis in February, down from a 2.9% increase in January. Month-over-month, on a seasonally adjusted basis, CPI rose by 0.1 per cent in February. Excluding energy costs, CPI rose 2.9 per cent year-over-year in February, down from 3.2 per cent in January. Decelerating food costs also contributed to the slowing in the CPI, with prices of food purchased from stores rising by 2.4 per cent in February compared to 3.4 per cent in January.Shelter costs, however, continue to be a major driver of inflation, with mortgage interest costs up 26.3 per cent and rent up 8.2 per cent from the same time last year in February. Excluding shelter, consumer prices rose just…

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Welcome to Burke Mountain, a picturesque neighbourhood nestled in the northeastern corner of Coquitlam, British Columbia. This hidden gem is becoming increasingly popular among homebuyers and investors looking for a blend of natural beauty, community warmth, and promising real estate opportunities. As we explore Burke Mountain, you'll discover what makes this area not just a place to live, but a place to thrive.

The Appeal of Burke Mountain

Natural Beauty and Outdoor Recreation

Burke Mountain offers an abundance of natural landscapes and outdoor activities. From its scenic hiking trails and parks to its proximity to Pinecone Burke Provincial Park, residents can enjoy the great outdoors right at their doorstep. This accessibility to nature not…

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East Vancouver, a vibrant and diverse community, has become one of the city's most sought-after locations for prospective homeowners and investors alike. With its unique blend of cultural richness, recreational facilities, and an ever-growing condo market, East Vancouver offers an appealing lifestyle choice for many. This section of the article will delve into why the condo market in East Vancouver Real Estate is booming and what potential buyers need to know.

Why Choose a Condo in East Vancouver?

Lifestyle and Community

Choosing to live in East Vancouver comes with a myriad of benefits. This section will explore the lifestyle and community aspects that make condo living in this area so desirable. From the convenience of being close to…

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Welcome to your ultimate guide on Anmore real estate, a serene hideaway nestled in the heart of the Greater Vancouver area. This article is your doorway to understanding what makes Anmore not just a place to live, but a lifestyle to embrace. Let's embark on this journey to uncover the secrets of finding your dream home in Vancouver's hidden gem.

The Appeal of Anmore

Natural Beauty and Serenity

Immersed in lush greenery and bordered by the tranquil waters of Buntzen Lake, Anmore offers an escape to nature's paradise. Here, every morning greets you with the melodious songs of birds and the gentle rustle of leaves, promising a peaceful retreat from the bustling city life.

Exclusive and Peaceful Living

In Anmore, the sense of community is…

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Welcome to Yaletown Real Estate, Vancouver's premier neighborhood where the past and present merge to create a unique blend of charm, comfort, and sophistication. Nestled along the picturesque waterfront, Yaletown has evolved from its industrial roots into one of the most coveted real estate markets in the city. This comprehensive guide aims to explore the myriad of real estate opportunities awaiting in Yaletown, making it a treasure trove for investors, homebuyers, and real estate enthusiasts alike.

Introduction to Yaletown

The History of Yaletown

Yaletown's journey from a warehouse district to a thriving residential and commercial hub is a testament to Vancouver's dynamic urban development. The area's name traces back to the late 19th century,…

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Welcome to Mount Pleasant, a neighborhood that blends historical charm with modern conveniences, making it a sought-after destination for homeowners and investors alike. With its vibrant community, excellent amenities, and strategic location, Mount Pleasant offers a unique real estate market with ample opportunities for growth and investment.

The Appeal of Mount Pleasant

Mount Pleasant Real Estate is known for its picturesque streets, diverse architectural styles, and a strong sense of community. Its appeal lies not only in its aesthetic but also in its proximity to major employment centers, educational institutions, and entertainment options, making it an ideal place for families, young professionals, and retirees.

Why Now is the Right Time to…

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Finding the right real estate agent in Vancouver can be the key to unlocking the door to your dream home or successfully selling your property. This guide explores the vital role of an adept real estate agent in navigating Vancouver's unique market and highlights why Adam Chahl is considered among the best.

Qualities of a Top Real Estate Agent

Local Market Knowledge

A top-tier real estate agent possesses an in-depth understanding of the local market. This knowledge is crucial for advising clients on the best times to buy or sell, understanding property values, and identifying upcoming trends.

Excellent Communication Skills

Effective communication is the cornerstone of any successful real estate transaction. The best agents maintain open,…

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Today’s StatsCanada Labour Force Survey for February was a mixed bag and shows the dramatic effect of surging immigration. Canadian employment rose by a much stronger-than-expected 41,000, dominated by a 71,000 rise in full-time jobs.

The employment rate–the proportion of the population aged 15 and older who are employed–fell a tick to 61.5%. This is the fifth consecutive monthly decline, the most extended period of consecutive decreases since the six months ending in April 2009 during the global financial crisis. The Bank of Canada has emphasized the importance of the employment rate in recent commentary.

The employment rate in February 2024 was down 0.9 percentage points from the recent peak of 62.4% observed in February 2023. This downward trend…

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The focus of the Bank of Canada is on slaying the inflation dragon. The good news is that the year has started with a marked decline in price pressures. Due to falling energy prices, airline fares, and a deceleration in clothing and food, year-over-year inflation in January dipped to 2.9%. This follows 3.4% inflation in December.

The cost of shelter represents nearly a third of the Consumer Price Index, and the combination of rapidly rising population growth and already acute excess demand for housing will continue to underpin higher-than-target inflation. While mortgage interest costs will decline once the central bank begins to cut interest rates, and home replacement costs have already declined because of the overall decline in national home…

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One of the important factors in home ownership is understanding things like your credit score. Some people don’t pay much attention to this metric until they begin the mortgage discussion!

However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at the best rate – and with the most purchasing power.

What Affects Your Credit Score

Credit scores range from 300 to 900, the higher your credit score the better. Ideally, you should be aiming for a credit score of 680 for at least one borrower (or guarantor), especially if you are putting under 20% down. If you are able to make a larger down payment of 20% or more, then a score of 680 is not required.

This score is based on spending…

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