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Blog by Betty Jarvis

Canada GDP, Retail Sales, Employment - December 23, 2015.

December 23rd, 2015

BCREA ECONOMICS NOW

Canada GDP, Retail Sales, Employment - December 23, 2015.

Economic output in Canada was slower than expected in October, as real GDP was unchanged after a 0.5% decline in September. Both the Goods and Service sectors recorded zero growth in October, below an expected 0.2% increase overall. It is now unlikely that GDP growth will reach the Bank of Canada's forecast of 1.5 ...

Consumer Price Index - December 2015

December 18th, 2015

BCREA ECONOMICS NOW

Consumer Price Index - December 2015

The Consumer Price Index (CPI) rose 1.4 per cent in November compared to the same month last year. While the transportation component, which contains gasoline prices, edged lower, prices were up in seven of the eight major index components. The largest increase came from food prices, which rose 3.4 per cent. The Core CPI, which exclud ...

Canadian home sales climb further in November

December 18th, 2015
Tuesday, December 15, 2015 - 09:00       

Ottawa, ON, December 15, 2015 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in November 2015.

Highlights:

  • National home sales rose by 1.8% from October to November.
  • Actual (not seasonally adjusted) activity was up 10.9% compared to November 2 ...

Interest rates: still going nowhere fast

December 18th, 2015

It was early in 2013 when I wrote my first blog post about how interest rates were going nowhere fast. Plus ça change, plus c’est pareil.

In fact, the Bank of Canada lowered its trend-setting overnight lending rate twice this year in a bid to prop up Canadian economic growth in the wake of a significant drop in oil prices. When it published its freshest economic forecast in October 2015 and ...

Is Squamish the best-kept real estate secret in B.C.?

December 4th, 2015
Young families getting priced out of Vancouver and heading to the ‘burbs is a familiar story, but developers say there’s a new exodus underway – to Squamish.

In November, the ParkHouse project, a 65-unit residential condo complex in the city’s downtown, sold out in less than 90 minutes.

“We knew that there was a great desire for this type of housing here in Squamish, so we knew there was in ...

Foreign Investor Stats Revealed

December 3rd, 2015
Bloomberg) -- Foreign owners made up a bigger share of the condominium markets in Toronto and Vancouver over the last year, according to the nation’s housing agency.

Foreign owners of condos comprised 3.5 percent of the market in Vancouver and 3.3 percent in Toronto, according to a report from Canada Mortgage & Housing Corp. which surveyed property managers. That’s up from 2.3 percent in Vanc ...

Real Estate Board of Greater Vancouver | Nov 2015 Stats

December 2nd, 2015

Housing demand remains strong despite diminishing supply

Home sales reached near record levels in November even as home listings began the traditional year-end decline.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a 40.1 per cent increase c ...

Bank of Canada announces rate

December 2nd, 2015
BREAKING NEWS…
December 2, 2015 11:47 AM
Bank of Canada announces rate
The BoC announced its latest target for the overnight rate Wednesday morning
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