I Love BC - by eric chen

03/26/2023

Haven't tried our brand new soup packs this Chinese New Year?

Don't fret! Tan Ser Seng's soup packs will still be available for purchase!

*Available in 600ml & 1L bags
*While stocks last




今年农历新年，如果你没尝过我们的全新的汤包，别担心！

陳生成的汤包过了新年还能购买！

03/03/2017

Outside the 69-storey Trump International Hotel and Tower in Vancouver, snow swirled and the sun started to break through the clouds as a handful of protesters held signs to show opposition to U.S. President Donald Trump February 28.

03/03/2017

Home sales across Metro Vancouver fell 41.9% year-over-year last month, according to Real Estate Board of Greater Vancouver data released March 2, putting sales activity almost 8% below the 10-year average for February.

03/03/2017

Rosewood Hotels and Resorts will continue to operate the property

02/08/2017

02/14/2016

Animation of new bridge concept (May 2013).

11/17/2015

** Canadian Manufacturing Sales - November 16, 2015 **

Canadian manufacturing sales declined 1.5 per cent in September, the second consecutive monthly decline. Lower sales were the result of ongoing weakness in the energy sector as well as falling demand in the motor-vehicle industry. Overall, sales were lower in 13 of 21 Canadian manufacturing sub-sectors, representing about 80% of Canadian manufacturing output.

In BC, where the manufacturing sector employs roughly 170,000 people, sales rose 0.2 per cent on a monthly basis but were down 0.6 per cent compared to September 2014. BC manufacturing sales are being led by growth in shipments of wood products to the United States as well as strong demand for BC made machinery and equipment. Those sectors are helping to offset current weakness in commodity prices to produce growth of 3 per cent in manufacturing sales year-to-date.

11/04/2015

** Metro Vancouver home buyers push October sales above long-term averages**

Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a 19.3 per cent increase compared to the 3,057 sales recorded in October 2014, and a 9 per cent increase compared to the 3,345 sales in September 2015.

Last month’s sales were 36.2 per cent above the 10-year sales average for the month.

“Home sales are more than one-third above what’s typical for this time of year yet the supply of homes for sale is the lowest we’ve seen in five years,” Darcy McLeod, REBGV president said. “This activity has created favourable market conditions for anyone considering selling their home today.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,126 in October. This represents an 8 per cent decline compared to the 4,487 new listings reported in October 2014.

The total number of properties listed for sale on the real estate board’s MLS® is 9,569, a 30 per cent decline compared to October 2014 and an 11.4 per cent decline compared to September 2015.

This is the lowest active listing total in Metro Vancouver since December 2010.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $736,000. This represents a 15.3 per cent increase compared to October 2014.

The sales-to-active-listings ratio in October was 38.1 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio declines below the 12 per cent mark, while home prices often experience upward pressure when it reaches 20 per cent, or higher, in a particular community for a sustained period of time.

Sales of detached properties in October 2015 reached 1,437, an increase of 13.1 per cent from the 1,271 detached sales recorded in October 2014, and a 34.7 per cent increase from the 1,067 units sold in October 2013. The benchmark price for a detached property in Metro Vancouver increased 20.1 per cent from October 2014 to $1,197,600.

Sales of apartment properties reached 1,543 in October 2015, an increase of 21.7 per cent compared to the 1,268 sales in October 2014, and an increase of 40.5 per cent compared to the 1,098 sales in October 2013. The benchmark price of an apartment property increased 11.4 per cent from October 2014 to $425,800.

Attached property sales in October 2015 totalled 666, an increase of 28.6 per cent compared to the 518 sales in October 2014, and a 34.3 per cent increase from the 496 attached properties sold in October 2013. The benchmark price of an attached unit increased 9.3 per cent between October 2014 and 2015 to $526,700.

*Editor’s Note: Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.

10/29/2015

** US Economic Growth (Q3'2015) - October 29, 2015 **

US real GDP grew at a 1.5 per cent annual rate in the third quarter, well below most economists expectations. Growth was pulled lower by exports while private domestic demand, which includes personal consumption and business investment, rose at a relatively robust 3.2 per cent . Importantly, this is a preliminary release for US real GDP and will be revised in subsequent months. Second quarter GDP was revised from an initial 2.5 per cent up to 3.9 per cent.

Today's disappointing economic growth numbers should temper expectations for a December rate hike by the US Federal Reserve. If the Fed does indeed decide to tighten monetary policy at its final meeting in 2015, it is increasingly unlikely that that decision will be supported by trends in growth and inflation, but rather by a long-held desire to move rates off of the zero lower bound.

10/29/2015

US Federal Reserve Interest Rate Decision - October 28, 2015

The US Federal Reserve ("the Fed") opted to leave its key interest rate unchanged at its current level of between zero and 0.25 per cent. In its accompanying statement, the Fed cited that inflation continues to run below the Fed's long-run objective of 2 per cent and US economy activity was expanding at a moderate pace, hampered by a high dollar and attendant softness in exports. The Fed anticipates that it will only be appropriate to raise its target rate once the labor market shows further improvement and it can be reasonably confident that inflation will move back to its 2 per cent target over the medium term.

Most economists agreed that the Fed was unlikely to raise rates at the October meeting, preferring to wait until December before initiating a lift-off from the zero rate policy that has prevailed since 2008. A global economic slowdown since the summer has provided a significant amount of cover for the Fed to put off raising rates until it can better grasp the impact of slower global growth and a high US dollar on the US economy. The Fed also wants to be "reasonably confident" that its preferred measure of inflation, which is currently tracking at just 1.4 per cent, will reach 2 per cent over the medium-term, usually defined as about 2 years. Our modeling suggests a somewhat low-probability that inflation will reach 2 per cent before the end of 2016. If that holds, and the Fed puts off tightening longer than currently expected, key bond yields in both the US and Canada should remain low, meaning low mortgage rates will continue throughout next year.