Bryan Yu

Construction jobs help boost B.C. labour market in April

BC’s labour market had another solid showing in April. Employment inched higher for a sixth straight month, rising 0.2% or 5,900 persons to 2.56 million and led by a full-time gain of 1.5% or nearly...

Home sales continue to slide in Lower Mainland

April brought no joy for the real estate sector as the housing market recession in the Lower Mainland deepened. Multiple Listing Service home sales in the combined Metro Vancouver and...

Hiring increases in B.C. while earnings weaken

Statistics Canada’s Survey of Employment, Payrolls and Hours pointed to further gains in hiring but a softening in weekly earnings in February. Non-farm payroll counts rose 0.3% from January and 3%...

B.C. retail sales backtrack after surging in January

January's retail surge proved short-lived as sales retraced in February to the weak pace seen through 2018. Total retail sales fell 1.9% to $7.15 billion following a 1.8% increase in January...

B.C. market chill cools home construction

AThe policy-driven chill in the resale market, which has triggered declining home values and slowing pre-sale purchases, may finally be translating into curtailed new home construction. The latest...

Employment up, real estate down

B.C. labour market conditions were little changed from February, with total employment increasing by 0.3% or 3,200 persons to just over 2.55 million persons (seasonally adjusted). While...

B.C.’s job vacancy rate remains Canada’s highest

Jobs continued to go unfilled in B.C. as fourth-quarter job vacancies rose 18% from the previous year to 104,585 positions, marking an increase of 16,060 openings. Nationally, job vacancies rose...

B.C. retail spending hits $7.3 billion in January

Retail spending in B.C. rebounded in January as retailers posted their strongest monthly sales gain since April 2018. Total sales jumped 1.4% from December to a seasonally adjusted $7.28 billion....

B.C. manufacturing sales rebound

B.C. manufacturing shipments showed life in January with the first gain since June 2018. Factories’ sales rose 2.4% from December to a seasonally adjusted $4.66 billion. This was the highest level...

B.C. employment keeps climbing

According to Statistics Canada’s February Labour Force Survey data, employment in B.C. rose 0.1% or 3,700 to 2,574,000 persons, with gains in full-time and part-time positions. While growth was...