Bill, from the Properties in Victoria Professionals real estate team, sat down with Callum Greig of Prime Mortgage Works at his Victoria BC office to review what happened in the Canadian mortgage world in 2018 and how the changes introduced affected the consumer’s purchasing power. We also touched on what we may or may not see […]
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Canadian existing home sales experienced a monthly drop of 3.1 per cent in January over December, according to a report published yesterday by the Canadian Real Estate Association (CREA). Demand dropped in 60 per cent of Canada’s major markets, but it was oil producing provinces that took the biggest hit. The Alberta and Saskatchewan markets […]
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BCREA ECONOMICS NOW Canadian and US Employment – February 6, 2015 The Canadian economy gained 35,000 jobs to start 2015 while the national unemployment rate declined 0.1 points to 6.6 per cent. Stronger than expected job growth to start the year and rebounding oil prices may prompt a rethink among those expecting a second rate […]
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Canadian Consumer Price Inflation Canadian inflation accelerated in April as consumer prices rose 2 per cent in the twelve months to April, a 0.5 point increase from March’s inflation reading of 1.5 per cent and nearly a full percentage point higher than February. The increase was largely explained by rising energy prices, including a 6.6 […]
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The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its statement, the Bank once again highlighted that inflation remains stubbornly below the Bank’s 2 per cent target due to significant excess supply in the Canadian economy, as well as heightened competition in […]
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The Canadian economy expanded 0.3 per cent in August, building off of 0.6 per cent growth in July. Nearly all major industrial sectors registered growth in August, led by oil and gas and major Canadian service sectors like retail and wholesale trade. With today’s release, we now have two months of GDP data for the […]
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The Bank of Canada left its target for the overnight rate unchanged at 1 per cent this morning. In its accompanying statement, the Bank highlighted that uncertain global and domestic conditions are delaying a forecast pick-up in exports and business investment, leaving the level of economic activity lower than what the Bank had been expecting. […]
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