Bryan Yu

B.C. population rises above five million

B.C. hit a new milestone as its population surpassed five million people for the first time on record as of October 1, 2018. At 5,017,000 million persons, B.C.’s population rose by 24,635 persons...

B.C. housing starts surge in November

B.C. housing starts rebounded following a two-month lull in November but the trend is anticipated to slow through 2019 as weaker housing demand leads developers and builders to curtail...

Part-time hiring drives B.C.’s November job gains

B.C.’s labour market remained on the upswing in November as employment surged by 15,900 persons or 0.6% from October to 2.53 million. This compared favourably with a 0.5% increase for the country....

Rent hikes, low vacancy rates persist

For renter households, the latest data from Canada Mortgage and Housing Corp.’s annual Rental Market Survey is unlikely to be a surprise. While not universal across the province, 2018 marked another...

Retail sales growth stalls; tourism remains strong

B.C. retail sales were little changed in September, pointing to softness in consumer demand, while wildfires that swept through the B.C. Interior also tempered gains. Dollar-volume sales were at...

Paper sales drive 11% B.C. manufacturing gain

Total B.C. manufacturing shipments rose 0.7% to a seasonally adjusted $4.7 billion during the month following an August retrenchment, with year-over-year growth at a healthy 7.4%. That said, momentum...

Spending data firms up B.C.’s growth picture

Newly released data has confirmed another year of strong growth for the B.C. economy. Real gross domestic product expanded by 3.8%, which was second strongest among provinces behind Alberta and...

B.C. employment nudges up in October

No material changes in B.C.’s labour market were recorded in October. Employment changed slightly, and the unemployment rate edged a notch lower to 4.1% from 4.2% in September. None of the main...

B.C. weekly earnings, small-business confidence rise

Paycheques in B.C. fattened in August as average weekly wage earnings rose 0.9% to $981, exceeding the national increase of 0.6%. This followed an increase of 0.8% in July. At 4.1%, year-over-year...

B.C. housing sales remain sluggish

Weak housing sales continued through September. B.C. Multiple Listing Service sales declined 33% year-over-year, to 5,580 units. While this decline was deeper than August’s 26% drop – on a seasonally...