September 2020

Canadian Monthly Real GDP (July 2020)

Posted on Sep 30, 2020 in Economics

Canadian Monthly GDP MLS ListingsCanadian real GDP grew 3 per cent in July, following a record 6.5 per cent increase in June. However, even after three consecutive months of strong growth, the Canadian economy remains about 6 per cent below its pre-pandemic level of output. All 20 Canadian industrial sectors posted increases in July, with the real estate sector surpassing its pre...

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Commercial Real Estate Sales Update - Q2 2020

Posted on Sep 28, 2020 in Mortgage News

Q2 2020 - Commercial Real Estate UpdateCommercial real estate sales decline in the second quarter

As the COVID 19 pandemic intensified in the second quarter of 2020 (Q2), the Lower Mainland’s commercial real estate market experienced fewer sales while dollar values fluctuated depending on property type.

Commercial real estate sales totalled 324 in the Lower Mainland in Q2 2020, a 26.5 per...

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Canadian Retail Sales - July 2020

Posted on Sep 18, 2020 in Economics

BC Retail Sales - July 2020Retail sales rose for the third consecutive month in July by 0.6% on a seasonally-adjusted basis, close to Statistic Canada's preliminary estimate of 0.7%. This marks a deceleration from the 23% rise in June and a 21% rise in May, as stores were reopening. Sales were up in 6 of 11 subsectors, led by higher sales at auto dealers and at gas stations...

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Canadian Inflation (August 2020)

Posted on Sep 16, 2020 in Economics

Canadian Inflation - August 2020Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.1% in August year-over-year, matching last month's increase. Excluding gasoline, the CPI rose by 0.6%. Prices rose in five of eight components year-over-year with notable increases in food, shelter, and personal care, while prices continued to fall for transportation, cloth...

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Vancouver Real Estate Update - August 2020

Posted on Sep 10, 2020 in Market Update

Hey Guys! It’s Adam Chahl here from the PLACE Real Estate Team and Oakwyn Realty Downtown and I’m excited for two reasons today. Number 1 - I get to bring you direct the August 2020 statistics from the Vancouver Real Estate board, and 2nd - this is the first blog post on those statistics, so what you’re going to see over the next while i...

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Canadian Housing Starts (August 2020)

Posted on Sep 09, 2020 in Economics

BC Construction StartsCanadian housing starts increased by 7% m/m to 262,396 units in August at a seasonally adjusted annual rate (SAAR). This represents the fourth consecutive monthly increase and the fastest pace of national homebuilding since 2007, pushing up the six-month average to 213,144 units SAAR. August's increase was driven primarily by the multi-units segmen...

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