Bryan Yu

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...

Major projects set to buoy B.C. economy

B.C.’s economy is set for a flurry of investment spending as major projects in the province get underway and construction ramps up. The latest Statistics Canada Capital and Repair Expenditures...

B.C.’s retail sector stumbled in December

Retail spending ended 2018 with a thud as sales fell 0.2% from November, driven by weak activity in Metro Vancouver. With a downward revision to the previous month’s estimate, this was a second...

B.C. home sales slump continues in January

B.C. Multiple Listing Service (MLS) home sales fell again in January as federal mortgage regulation, provincial tax policy and eroding confidence in the housing market continued to drag on...

B.C. employment nudges up in January

B.C. employment rose for the third straight month in January and the sixth time in seven months. Total employment rose to a seasonally adjusted 2.54 million persons, up 0.3% or 8,700 persons from...

B.C. wage hikes, hiring growth decelerate

The latest establishment survey data from Statistics Canada pointed to gains in wages and hiring in B.C., but with abated upward momentum. Average weekly earnings rose 0.2% in November to $983.05,...

Rising sales in B.C. buck national trend

B.C. retail sales advanced during November, counter to the national decline. Seasonally adjusted retail sales in B.C. rose 0.3% in November over the previous month, while Canada experienced a 0.9%...

Housing market slides further in December

British Columbia’s housing sales decline deepened in December, capping off the weakest year of sales since 2013. Following November’s 5.2% slump, seasonally adjusted home sales fell another 4.1% in...

B.C. job openings, wages surge in Q3

Third-quarter job vacancy data highlighted B.C.’s tight labour market picture, aligning with the province’s exceptionally low unemployment rate and evidence that organizations are finding increased...

B.C.’s labour market cools off in December

B.C.’s labour market capped off 2018 with a flat December. Employment edged up from November by a statistically insignificant 0.2% or 4,400 persons to 2,535,000 persons. The unemployment rate was...