Canadian Inflation (April 2024) - May 21, 2024
The PLACE Real Estate Blog
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3d ago
Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.7 per cent on a year-over-year basis in April, down from a 2.9 per cent increase in March. Month-over-month, on a seasonally adjusted basis, CPI rose by 0.2 per cent in April. The deceleration in headline CPI was driven by softening food, services, and durable goods prices, but was moderated by an uptick in gasoline prices (up 6.1 per cent year-over-year). Excluding energy costs, CPI rose 2.5 per cent year-over-year in April, down from 2.8 per cent in March. The shelter cost index remains the major driver of inflation with ..read more
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Exploring Coquitlam: A Comprehensive Guide to Its Diverse and Vibrant Subareas
The PLACE Real Estate Blog
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3d ago
Welcome to Coquitlam, a city that offers a perfect blend of urban convenience and natural beauty. Nestled in the heart of British Columbia, Coquitlam boasts a variety of neighborhoods, each with its unique charm and appeal. Whether you're looking for a bustling urban atmosphere or a tranquil suburban retreat, Coquitlam has something for everyone. The city's rich history, diverse culture, and welcoming community make it a fantastic place to live, work, and play. Burke Mountain The Natural Beauty Burke Mountain is a paradise for nature lovers. With its lush forests, hiking trails, and stunning v ..read more
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Discover Port Moody: The Hidden Gem of Metro Vancouver
The PLACE Real Estate Blog
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6d ago
Welcome to Port Moody, a charming city nestled in the heart of Metro Vancouver. Known for its picturesque waterfront, vibrant arts scene, and rich history, Port Moody is a hidden gem waiting to be explored. Whether you're a nature enthusiast, a culture buff, or someone looking for a family-friendly community, Port Moody has something for everyone. Let's dive into the many facets that make this city a true treasure. Located just a 40-minute drive from downtown Vancouver, Port Moody offers a perfect blend of urban amenities and natural beauty, making it an ideal destination for both residents an ..read more
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Exploring New Westminster: A Gem in the Heart of Metro Vancouver
The PLACE Real Estate Blog
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1w ago
New Westminster, nestled on the banks of the mighty Fraser River, stands as a vibrant city with a rich tapestry of history and modernity. Known affectionately as "New West" by locals, this city is not just the original capital of British Columbia, but also a hub of culture and community vibrancy in Metro Vancouver. Brunette Brunette is a small, industrious enclave defined by its proximity to vital transportation links and commercial zones. Home to a blend of residential and industrial spaces, it offers unique opportunities for those looking to be close to the action while enjoying quick access ..read more
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New Listings Bounce Higher in April
The PLACE Real Estate Blog
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1w ago
Vancouver, BC – May 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in April 2023. The total sales dollar volume was $7.6 billion, an increase of 3 per cent from the same time the previous year. "April was an above-average month for new listings activity, registering the highest pace since 202 ..read more
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Discover Burnaby: Your Ultimate Guide to Neighborhoods, Lifestyle, and Opportunities
The PLACE Real Estate Blog
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1w ago
Welcome to Burnaby, a dynamic city at the heart of Metro Vancouver that effortlessly combines natural beauty with urban convenience. This guide delves deep into what makes Burnaby not just a noteworthy place to visit, but a premier destination to live, work, and play. From its lush parks to high-tech business hubs, Burnaby offers a diverse range of experiences that cater to everyone from students and professionals to families and retirees. History and Culture Burnaby's rich history stretches back to its days as a rural agricultural area, before evolving into a thriving suburban city. It was in ..read more
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Exploring North Vancouver: A Hidden Gem in the Heart of the Pacific Northwest
The PLACE Real Estate Blog
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1w ago
Welcome to North Vancouver, a picturesque community nestled between the majestic mountains of the Pacific Northwest and the bustling waters of the Burrard Inlet. Known for its vibrant mix of urban and natural elements, North Vancouver offers a unique blend of scenic beauty and contemporary living. This region is not only a visual treat but also a hub of cultural diversity, making it a perfect place for those who appreciate a blend of outdoor adventure and urban convenience. Blueridge Blueridge is known for its serene environment and family-friendly atmosphere. With spacious parks, excellent sc ..read more
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Exploring Vancouver East: A Comprehensive Guide to Its Thriving Neighborhoods and Real Estate Opportunities
The PLACE Real Estate Blog
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2w ago
Welcome to Vancouver East, a dynamic and eclectic part of one of Canada's most desirable cities. This comprehensive guide dives deep into the heart of Vancouver East, exploring the unique characteristics and charm of its neighborhoods. Known for its diversity and vibrant community life, Vancouver East offers an array of real estate opportunities that cater to a variety of lifestyles and preferences. Whether you're a first-time homebuyer, a real estate investor, or simply curious about the area, this guide will provide valuable insights into what makes Vancouver East a special place to live and ..read more
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Exploring Nelson Island: A Hidden Gem in the Sunshine Coast of British Columbia
The PLACE Real Estate Blog
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2w ago
Welcome to Nelson Island, a serene and unspoiled paradise nestled in the heart of British Columbia's Sunshine Coast. This guide will delve into the island's captivating history, its stunning natural beauty, and the plethora of activities that make it a must-visit destination for nature lovers and adventure seekers alike. With its rich cultural heritage and breathtaking landscapes, Nelson Island offers a perfect escape from the hustle and bustle of city life. History of Nelson Island Nelson Island's history is steeped in cultural significance, serving as a traditional site for the indigenous Se ..read more
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Exploring Hazelmere: A Hidden Gem in Vancouver's Real Estate Market
The PLACE Real Estate Blog
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2w ago
Welcome to Hazelmere, a serene enclave known for its lush landscapes and burgeoning real estate prospects within the Greater Vancouver area. This guide explores why Hazelmere stands out as a promising location for homebuyers and investors alike, offering insights into its natural beauty, economic vitality, and community lifestyle. The Allure of Hazelmere Natural Beauty Parks and Recreation Areas Hazelmere's parks are a cornerstone of its appeal, with expansive green spaces such as Hazelmere Park and Redwood Park offering miles of walking trails, lush picnic areas, and sports facilities. These ..read more
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