The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of close to $1.1 million...
Welcome to Yaletown, the crown jewel of Vancouver's real estate market. With its prime location, stunning waterfront views, and a plethora of amenities, Yaletown has become the most sought-after neighborhood for those seeking the pinnacle of luxury living. If you are in the market for a condo that combines style, convenience, and exclusivity, you'v...
Canadian employment rose slightly to 20.13 million in April, up by 41,400 (0.2 percent). The Canadian unemployment rate held steady at 5 percent, unchanged since December. Employment gains were concentrated in wholesale and retail trade (+24,000); transportation and warehousing (+17,000); and information, culture, a...
High-Interest Rates Have Not Slowed the Labour Market Sufficiently
The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double what economists predicted. Since February, monthly employment growth has averaged 33,000, following cumulative incre...