April 2023

Greater Vancouver Monthly GDP - February 2022

Posted on Apr 28, 2023 in Economics

Canadian Monthly Real GDP Growth (February 2022) 

Canadian real GDP inched up 0.1 per cent in February, following a 0.6 per cent jump in January. Both goods-producing and services-providing sectors of the economy grew 0.1 per cent. Growth was led by the public sector (+0.2 per cent), professional, scientific and technical services (+0.6 per cent), a...

Read More

OSFI Set To Tighten Banking Regulation

Posted on Apr 24, 2023 in Economics

Great News On The Inflation Front

On April 18, Canada's national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it.


Read More

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...

Read More

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...

Read More

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...

Read More

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.


Read More