Canadian Jobs Market Booms Despite Rate Hikes
Posted on Feb 10, 2023 in Community
Red Hot Labour Market Despite Rate Hikes
Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada's rate pause will last. This report showed no evidence that the labour market is slowing in response to the vast and rapid runup in interest rates.
Employment surged by 1...
Canadian Employment Rises
Posted on Feb 10, 2023 in Community
Canadian Employment (January 2023)
Canadian employment rose to 20.03 million in January, up by 150,000 (0.5 percent). The Canadian unemployment rate held steady at 5 percent, hovering just above all-time lows. Employment gains were concentrated among workers aged 25 to 54; workers in Ontario, Quebec, and Alberta; and workers in wholesale and retail...
Homeowners' Top Reasons to Sell
Posted on Feb 09, 2023 in Market Update
The Top Reasons for Selling Your House
2023 First Quarter Housing Forecast Update
Posted on Feb 06, 2023 in Market Update
Housing Market Faces a Challenging 2023 Before Posting a Strong Recovery in 2024
Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 7.1 percent to 75,150 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 23.8 percent to 93,025 units.
“A slowing economy and still elevated mortg...
Vancouver Real Estate Market Update - January 2023
Posted on Feb 02, 2023 in Market Update
Home sales decline below long-term averages and inventory remains low to the start of 2023
Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,022 in January 2023, a 55.3 percen...
Canadian Real GDP Growth - November 2022
Posted on Jan 31, 2023 in Economics
Canadian Monthly Real GDP Growth
The Canadian economy grew 0.1 percent in November, matching the rate of growth in October. In contrast to the pandemic economy of the previous two years, the services sector is now leading the economy while goods-producing sectors struggle. Overall, growth was fairly broad-based with 14 of 20 Canadian industrial sec...
