Economics

Commercial Real Estate Lending Activity Declined in 2019 Q4

Posted on Feb 29, 2020 in Economics

Commercial Real Estate LendingThe BCREA Commercial Leading Indicator (CLI) fell for the second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0.3 per cent. 

Provincial economic activity continued to slow in the fourth quarter of 2019, with declines in wholesale trade and manufacturing sales more than offsetting a gai...

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Canadian Retail Sales (December 2019)

Posted on Feb 22, 2020 in Economics

Canada Retail Sales - December 2019Seasonally-adjusted Canadian retail sales were unchanged in December at $51.6 billion, after rising 1.1% in November. Higher sales at building material and garden equipment stores, and at food and beverage stores more than offset lower sales at auto dealers and gas stations. Sales were up in 7 of 11 sub-sectors, representing 49% of retail sales.

Re...

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Canadian Inflation Rates (January 2020)

Posted on Feb 19, 2020 in Economics

Vancouver Real Estate Inflation RateCanadian inflation, as measured by the Consumer Price Index (CPI) rose by 2.4 per cent in January year-over-year, following a 2.2 per cent increase in December. Excluding the impact of higher gasoline prices, national CPI rose by 2.0 per cent year-over-year. The rise in gas prices in January were largely a function of concerns over global oil suppl...

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Canada Housing Starts - January 2020

Posted on Feb 10, 2020 in Economics

BC Housing Starts - January 2020Canadian housing starts increased by 8.8% m/m in January to 213,224 units at a seasonally adjusted annual rate (SAAR). The increase was led by Ontario and Quebec. The trend in national housing starts fell, averaging about 211,000 units SAAR over the past six months.

In BC, housing starts fell by 39% m/m to 26,237 units SAAR, which follows last mont...

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Canadian Employment (January)

Posted on Feb 07, 2020 in Economics

BC unemployment numbers for January 2020Another good news report on the Canadian employment front. January reported an increase of 35,000 jobs (0.2%), adding to the increase reported in the previous month. This brought the national unemployment rate down from 5.6% in December to 5.5% in January.

Regionally, increases were primarily in Quebec (19,000), Manitoba (6,500) and New Brunswick (4...

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Canadian Monthly Real GDP (November 2019) 

Posted on Jan 31, 2020 in Economics

Canadian GDP GrowthThe Canadian economy grew by 0.1% in November, offsetting most of the decline in October. Driving the increase were the construction industry (0.5%) and utilities (2.1%) where inclement weather in central Canada drove up demand (2.1%).

There were gains in 15 of 20 industries, where retail trade recouped some of the loss reported in October, led by...

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