Canadian Housing Starts (November)
Posted on Dec 09, 2019 in Market Update
Canadian housing starts decreased by 0.3% in November to 201,318 units at a seasonally adjusted annual rate (SAAR). The trend in national housing starts continues to be healthy, averaging about 219,000 units SAAR over the past six months. In BC, housing starts rose by 41% on a monthly basis to 48,840 units SAAR, largely due to a 59% increase in cons...
Canadian Employment (November)
Posted on Dec 08, 2019 in Economics
Canadian employment decreased by 71,000 jobs in November, led by Quebec (-45,000), BC (-18,200) and Alberta (-18,000). This brought the national unemployment rate up from 5.5% in the previous month to 5.9% in November. November's decline was largely driven by private-sector employment, while self-employment and public-sector employment was little c...Bank of Canada Interest Rate Announcement
Posted on Dec 04, 2019 in Economics
The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that there is evidence that the global economy is stabilizing and that US recession concerns are waning, though trade conflicts remain the biggest threat to the Canadian economy. The Bank expects modest growth in 2020...November Vancouver Real Estate Statistics
Posted on Dec 03, 2019 in Market Update
Metro Vancouver home sales return to historically typical levels
After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase fr...
