Canadian Inflation in March 2022
Posted on Apr 21, 2022 in Economics
Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.7% on a year-over-year basis in March, up from 5.7% in February. This was the largest gain since January 1991 (+6.7%). According to Statistics Canada, price rises were broad-based, with groceries up 8.7% year over year, gasoline up 39.8%, durable goods up 7.3%, restaurants up 5...Canadian March Home Sales Posted Their Biggest Decline Since June
Posted on Apr 20, 2022 in Economics
Statistics released today by the Canadian Real Estate Association (CREA) show that rising interest rates were already dampening housing activity well before the Bank of Canada's jumbo spike in the key policy rate in mid-April. National home sales fell back by 5.4% on a month-over-month basis in March. The decline puts activity back in line with whe...What's Happening in the Lower Mainland This Weekend ( April 22-24 )
Posted on Apr 19, 2022 in Also in the news
Wondering what to do in Vancouver this weekend? Lots of events are happening in the Lower Mainland and many attractions are operating.See below for a list of what’s happening this Friday, Saturday and Sunday.
Friday April 22, 2022
Earth Day Sustainability Market
The Earth Day Sustainability Market centers on all things eco and environmentally friendl...
Canadian Housing Starts for March 2022
Posted on Apr 19, 2022 in Economics
Canadian housing starts fell by 4.0k (-1.6%) to 246.2k units in March at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were down from March of 2021 (-25.4% y/y). Single-detached housing starts rose 7.1% to 83.9k, while multi-family and others declined 5.6% to 162.3k (SAAR). In British Columbia, starts were down 6.7% in...
10 Activities To Do Around Vancouver on Easter Weekend 2022
Posted on Apr 14, 2022 in Community
Get outside in Vancouver this Easter long weekend! There are many activities you can enjoy with the family. Go on a bunny-themed run, enjoy the company of animals, or see a play. This list of the best activities to do around Vancouver for Easter 2022 is a great way to plan your holiday.Sign-up For the Big Easter Run
The bunny-themed Big Easter Run t...Bank of Canada Interest Rate Announcement
Posted on Apr 13, 2022 in Mortgage News
The Bank of Canada raised its overnight policy rate by 0.5 per cent to 1 per cent. This was the first rate increase of more than 0.25 per cent since May 2000. The Bank will also begin so called "quantitative tightening" , meaning it will be shrinking its balance sheet over time, reversing the expansion that occurred in response to the pandemic. In...