Bank of Canada Interest Rate Releases an Announcement
Posted on Jan 25, 2023 in Economics
Bank of Canada Interest Rate Announcement
The Bank of Canada raised its overnight policy rate by 25 basis points to 4.5 percent this morning. In the statement accompanying the decision, the Bank noted that recent economic growth in Canada has been stronger than expected and labor markets remain tight but it sees growing evidence that monetary polic...
Canadian Monthly Economic Growth Increases
Posted on Dec 24, 2022 in Economics
Canadian Monthly Economic Growth (October 2022)
Canadian real GDP edged up by 0.1 percent in October, following a 0.2 percent increase in September. Growth in services-producing industries (+0.3 percent) offset declines in goods-producing industries (-0.7 percent) as real GDP grew in 11 of 20 subsectors. Canadian real GDP is now roughly 2.9 percent...
Bank of Canada Will Not Be Happy With This Inflation Report
Posted on Nov 17, 2022 in Economics
Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation--a highly visible component--edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the all-items CPI for the eleventh consecutive month. Bonds fe...BC Home Sales Remain Slow While Active Listings Plateau
Posted on Nov 14, 2022 in Economics
The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total...Canadian Inflation (September 2022)
Posted on Oct 22, 2022 in Economics
Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.9 per cent on a year-over-year basis in September, down from 7 per cent last month. This was the third consecutive month of decelerating price growth driven primarily by declining gasoline prices. Excluding energy, the CPI rose 6.3 per cent year over year in September, up from 6...Vancouver Real Estate Statistics - September 2022
Posted on Oct 04, 2022 in Economics
Metro Vancouver saw more home sellers and fewer buyers in September
Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022...
