Greater Vancouver Retail Sales Announcement - February 2023
Posted on Apr 21, 2023 in Economics
Canadian Retail Sales (February 2023)
Canadian seasonally adjusted retail sales fell 0.2 per cent in February to $66.3 billion. Sales fell in 4 of 9 subsectors, but the decrease was led by lower sales at gasoline stations and fuel vendors (-5.0 per cent) and general merchandise retailers (-1.6 per cent). Core retail sales, which strips out gasoline...
Get Ready: The Best Time To List Your House Is Almost Here
Posted on Apr 20, 2023 in Market Update
If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.
Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:
“Home sellers on the fen...
Greater Vancouver Housing started to decrease - March 2023
Posted on Apr 19, 2023 in Economics
Canadian Housing Starts (March 2023)
Canadian housing starts fell 11 per cent to 213,865 units in March at a seasonally-adjusted annual rate (SAAR). Starts were down 12 per cent from March of 2022. Single-detached housing starts fell 12 per cent to 56,468 units, while multi-family and others fell 11 per cent to 157,395 (SAAR).
In British Columbia, st...
Canadian Inflation Falls To 4.3% y/ y in March--Lowest Level Since August 2021
Posted on Apr 18, 2023 in Economics
Great News On The Inflation Front
The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago (1.4% m/m), the so-called base-year effects.
Gasol...
Canadian Consumer Price Index (CPI) Increases - March 2023
Posted on Apr 18, 2023 in Economics
Canadian Inflation (March 2023)
Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.3 per cent on a year-over-year basis in March, a decrease from the 5.2 per cent rate in February. This large drop was mostly due to base year effects; the CPI was rising quickly this month last year and fuel prices in particular are substantially...
First Back-to-Back Canadian Home Sales Gain in March
Posted on Apr 14, 2023 in Community
Good News On The Canadian Housing Front
The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downward in March, although they have bounced since the...
