Bryan Yu

Labour shortage worsening in B.C.

B.C. employers continue to grapple with job vacancies, according to the latest Statistics Canada data. The agency estimated that there were 101,945 unfilled positions in B.C. during 2019’s first...

B.C. residential building permits hit record high

Residential construction continued to defy expectations with the latest permit and housing starts data showing ongoing strength. Residential building permits more than doubled in April to a...

Metro home sales, B.C. employment up in May

Call it a slight win: Lower Mainland sales weren’t terrible in May; they were just poor. Multiple Listing Service (MLS) home sales in Metro Vancouver and Abbotsford-Mission jumped 30% from April on...

Value of B.C. retail sales nudges up in March after slipping in February

March was a ho-hum month for B.C. retailers as Statistics Canada reported a modest sales rebound following a February dip. Dollar-volume sales rose 0.7% to a seasonally adjusted $7.27 billion....

Home sales up on the Island, down in Metro

While April home sales were higher in the rest of the country, they languished in B.C. The latest Canadian Real Estate Association data showed a 0.8% gain in monthly sales to 5,385 units from March....

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...