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All Blog Entries by Ron Neal

Found 402 blog entries published by Ron Neal.

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Canadian Retail Sales (July) - September 18, 2020

Retail sales rose for the third consecutive month in July by 0.6% on a seasonally-adjusted basis, close to Statistic Canada's preliminary estimate of 0.7%. This marks a deceleration from the 23% rise in June and a 21% rise in May, as stores were reopening. Sales were up in 6 of 11 subsectors, led by higher sales at auto dealers and at gas stations. Excluding these two subsectors, retail sales declined by 1.2%. Compared to the same time last year, retail sales were up by 5%.    

Sales were up in five provinces in July, the most notable increases were in BC, Manitoba, and Alberta. In BC, seasonally-adjusted retail sales were up by 2.1% ($7.6 billion) and by 0.9% ($3.4 billion) in

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Large 2 Bed + Den Condo on the Gorge Waterway.


This spacious, warm inviting condo with over 1000 sq. ft. of waterfront living can be yours!

This rentable condo has 2 large bedrooms with the Master boasting it's own 4 piece ensuite and walk-in closet.

This lovely bright unit is move-in ready. 

Other notable features in the suite include a  large balcony, a second bathroom, and in-suite laundry.

The tastefully landscaped grounds (private waterfront picnic and bbq area), as well as the indoor swimming pool, sauna, tennis court, and racquetball court, will be the envy of your friends and family.

Invite them over so together you can all enjoy the easy access to walking trails, Victoria Canoe and Kayak Club, Gorge Vale Golf Course,

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Canadian Inflation (Aug) - September 16, 2020

Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.1% in August year-over-year, matching last month's increase. Excluding gasoline, the CPI rose by 0.6%. Prices rose in five of eight components year-over-year with notable increases in food, shelter, and personal care, while prices continued to fall for transportation, clothing and footwear, and recreation. The Bank of Canada's three measures of trend inflation rose by 0.1 percentage points, averaging 1.7% in August. 

Regionally, the CPI was positive in five provinces. In BC, CPI rose by 0.2% in August year-over-year, matching last month's increase. Prices continued to rise for alcohol/tobacco/cannabis, food, shelter,

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BC Housing Markets Heat Up as Summer Ends

stat release may 13 2020  

Vancouver, BC – September 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 10,172 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2020, an increase of 42.8 per cent from August 2019. The average MLS® residential price in BC was $771,309, a 12.7 per cent increase from $684,093 recorded the previous year. Total sales dollar volume in August was $7.8 billion, a 61.1 per cent increase over 2019.

“Very strong provincial home sales continued in August,” said BCREA Chief Economist Brendon Ogmundson. “While pent-up demand from the spring is driving much of the increase, we anticipate a sustained strong level of sales through

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A True West Coast Paradise

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Welcome to 5488 Mount Matheson Road in beautiful East Sooke, a true West Coast paradise where the wilderness awaits.

The long driveway leads you to the most private 2.5-acre piece of land surrounded only by nature. 

The main house is perched to look out over your land and is surrounded in expansive decks. 

On the main floor, you will enjoy hardwood floors, a spacious open concept family room, and a dining room both featuring massive windows to create a wall of glass that makes it feel as if the trees were part of your home. 

A large kitchen is a delight to work in with an island, a skylight for added light, and also open to the dining room for a great family feel.   

The generously sized

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Rare Condo With Garage + Own Outside Entry

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Rare Condo With Garage + Own Outside Entry.

Access your own front door up just a few steps into your tiled entry leading to open plan kitchen with an adjoining dining area, spacious living room, and adjoining balcony.

Enjoy two very generous sized bedrooms and a recently fully updated tiled bathroom with a soaker tub and glass door.

In-suite stacker laundry too.

Bonus is a separate oversized single garage for all your toys and tools, or perhaps convert to a home gym?

Be quick, this unique offering is priced to sell!






















Find Out More About 201-908 Brock Avenue

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Canadian Housing Starts (Aug) - September 9, 2020

Canadian housing starts increased by 7% m/m to 262,396 units in August at a seasonally adjusted annual rate (SAAR). This represents the fourth consecutive monthly increase and the fastest pace of national homebuilding since 2007, pushing up the six-month average to 213,144 units SAAR. August's increase was driven primarily by the multi-units segment in Ontario, marking the province's strongest pace of homebuilding since 1990. 

In BC, housing starts increased by 6% m/m to 44,883 units SAAR in August, following an increase of 42,883 in July. The increase was primarily driven by the multi-unit segment. Housing starts in August were above the pre-COVID level. In the near term, we can expect

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Suite Opportunity


Family Home with Separate Suite at end of a quiet no-thru street close to Lakewood Elementary School, Florence Lake and shopping.

Well maintained 1993 home with big and bright main living spaces, enjoy the gas fireplace in the living room with big picture windows, kitchen and family room lead to a large south-facing deck overlooking great yard for the kids.

There are also three bedrooms and two full bathrooms up.

Down is a 4th bedroom or office and a self-contained one-bedroom suite.

Many extras include silent floors, 3 skylights, a built-in vacuum, all appliances, and the recent addition of a heat pump.

Excellent tenant down, vacant possession up, excellent value and priced for immediate

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Bank of Canada Interest Rate Announcement - September 9, 2020

The Bank of Canada held its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank is also continuing its quantitative easing (QE) program, with large scale asset purchases of at least $5 billion per week in Government of Canada bonds. In the statement accompanying the decision, the Bank noted that the Canadian economy is evolving broadly in line with expectations, with a strong re-opening phase to be followed by slower, uneven growth and heavily reliant on policy support.  Inflation remains close to zero, with downward pressure from energy prices and travel services, and is expected to remain below the Bank's 2 per cent target

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“The Unusual World of Pandemic Economics” –
Why BC’s Housing Market Remains Strong Despite COVID-19


Vancouver, BC – Septemeber 9, 2020. The British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent housing market highs.

“The COVID-19 recession has battered many sectors of the BC economy. However, looking at recent data in the housing market, it would be difficult to tell there was a recession at all,” says BCREA Chief Economist Brendon Ogmundson. “In a typical

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