Economics

Bank of Canada Will Not Be Happy With This Inflation Report

Posted on Nov 17, 2022 in Economics

Bank of Canada Will Not Be Happy With This Inflation ReportNot only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation--a highly visible component--edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the all-items CPI for the eleventh consecutive month. Bonds fe...

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BC Home Sales Remain Slow While Active Listings Plateau

Posted on Nov 14, 2022 in Economics

BC Home Sales Remain Slow While Active Listings PlateauThe British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total...

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Canadian Inflation (September 2022)

Posted on Oct 22, 2022 in Economics


Change in Real Estate CPI ComponantsCanadian prices, as measured by the Consumer Price Index (CPI), rose 6.9 per cent on a year-over-year basis in September, down from 7 per cent last month. This was the third consecutive month of decelerating price growth driven primarily by declining gasoline prices. Excluding energy, the CPI rose 6.3 per cent year over year in September, up from 6...

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Vancouver Real Estate Statistics - September 2022

Posted on Oct 04, 2022 in Economics

September Vancouver Real Estate Statistics - Yaletown Best RealtorMetro Vancouver saw more home sellers and fewer buyers in September

Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022...

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Inflation Cooled Again in August, But Higher Rates Still Coming

Posted on Sep 20, 2022 in Economics

Inflation Cooled Again in August, But Higher Rates Still ComingCanada's headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year high of 8.1% in June, mainly on the back of lower gasoline prices.

The CPI fell 0.3% in August, the most significant monthly decline since the early months of the COVID-1...

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Canadian Housing Starts (August 2022)

Posted on Sep 16, 2022 in Economics

 Canadian Housing Starts (August 2022)Canadian housing starts fell by 7.7k (2.8 per cent) to 267.4k units in August at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were up from August of 2021 (2.5 per cent). Single-detached housing starts rose 1 per cent to 73.4k, while multi-family and others declined 4.2 per cent to 194k (SAAR).

In British Columbia, star...

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