July 2021

Canadian Monthly Economic Growth (Real GDP May 2021)

Posted on Jul 30, 2021

The Canadian economy contracted by 0.3% in May, the second consecutive month of decline following a 0.5% contraction in April. Services and goods sectors declined by 0.2% and 0.4% respectively as restrictions from the third COVID wave continued to dampen economic activity. Construction activity declined 2.3% in May, with a 4.2% drop in residential...

Read More

Canadian Inflation (June 2021) 

Posted on Jul 28, 2021

Canadian prices, as measured by the Consumer Price Index (CPI), rose 3.1% on a year-over-year basis in June, down from the prior two months. The downward pull of "base-year effects" are no longer influencing the year-over-year CPI values, as June 2020 prices had recovered from dips in the early months of the pandemic. On a seasonally adjusted month...

Read More

Canadian Retail Sales (May 2021)

Posted on Jul 23, 2021

Canadian retail sales decreased 2.1% m/m to $53.8 billion on a seasonally-adjusted basis in May. Including the declines in April, sales were down 7.5% from the March peak. Declines occurred in 8 of 11 retail sectors measured by Statistics Canada, with the largest drops in building material and garden equipment and supplies dealers (-11.3%) and moto...

Read More

The Slowdown In Canadian Housing Continued in June

Posted on Jul 21, 2021

Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 8.4% nationally from May to June 2021, marking the third consecutive monthly decline. Over the same period, the number of newly listed properties fell 0.7%, and the MLS Home Price Index rose 0.9%, a marked deceleration from previous month...

Read More

Cambie Neighbourhood Highlights

Posted on Jul 20, 2021

We have an exclusive listing by Cambie St and 33rd Ave. The condo is a 2 bedroom 2 bathroom South facing corner unit that get's lots of natural light. With stainless steel appliances and a large island with waterfall edges! Aside from Queen Elizabeth park less than a block away, you might be wondering what kind of things there are to do nearby, wel...

Read More

Bank of Canada 'On the Vanguard' of Unwinding Stimulus

Posted on Jul 19, 2021

The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world. The Bank announced its third action to reduce its emergency bond-buying stimulus program by one-third. The central bank was among the first from the advanced economies to shift to a...

Read More