Canadian Monthly Real GDP (April 2020)
Posted on Jun 30, 2020 in Economics
Canadian real GDP decreased 11.6 per cent on a monthly basis in April, reflecting the first full month of measures put in place to halt the spread of COVID-19. April's decline follows a 7.5 per cent contraction in March. April's decline was the largest monthly decline in GDP since the series started to be recorded in 1961. The Canadian economy is n...Canadian Retail Sales (April 2020)
Posted on Jun 19, 2020 in Economics
Seasonally-adjusted Canadian retail sales fell by a staggering 26% in April to $35 billion. The largest drop since the data became available in 1991. About one-third of retailers were closed in April, while in the clothing subsector it was 70%. Sales were down in all subsectors for the first time since 1993, led by auto dealers (-44%), gas stations...Canadian home sales and new listings on the rise in May
Posted on Jun 18, 2020 in Market Update
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April, though still historically low at this point.SUMMARY:
National home sales rose 56.9% on a month-over-month (m-o-m) basis in May.That said, actual (not seasonally adjusted) activity was st...
Canadian Inflation (May 2020)
Posted on Jun 17, 2020 in Economics
Canadian inflation, as measured by the Consumer Price Index (CPI) fell by 0.4 per cent in May year-over-year. This was the second consecutive month of decline in the CPI since the summer of 2009. Transportation prices were the main drag on inflation due to lower gas prices compared to the same time last year. Rents also declined for the second cons...Housing Market Activity Shows Signs of Recovery in May
Posted on Jun 15, 2020 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential price in BC was $728,898, a 3.2 per cent increase from $706,394 recorded the previous year. Total sales do...BC Homes Sales to Post Strong Recovery in 2021
Posted on Jun 10, 2020 in Market Update
BCREA 2020 Second Quarter Housing Forecast
The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS®...
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS®...
