Bryan Yu

Interest rates send shivers through B.C. real estate market

A wintry summer is brewing for B.C.’s real estate market with soaring interest rates drastically reducing buyer purchasing power while sellers clamber for yesterday’s prices. Home sales fell sharply...

Labour shortages squeezing B.C. employers, economic growth

B.C. employment was little changed in May, but the key story remained a tight labour market as the unemployment rate fell to a level last seen in 2019. Employment rose by 5,100 persons or 0.2 per...

New car sales hit speed bumps in B.C.

After a record February pace, B.C. building permit volumes naturally pulled back 31.4 per cent in March. The retrenchment reflected normalization in non-residential building intentions, which fell...

April uptick for B.C. business confidence

Despite a minor drop in national sentiment, B.C. businesses were upbeat in April, registering a gain of 4.3 points in April to an index level of 64.1 points according to the latest Canadian...

Hot B.C. housing market set to cool

British Columbia’s housing market remained active through March but is expected to downshift as rising interest rates curb sales and prices. Multiple Listing Service (MLS) home sales fell 0.8 per...

Manufacturing sales surge continues

Manufacturing sales in B.C. rose 3.2 per cent in January to $5.6 billion in February, marking the sixth consecutive month of increases. Durable goods led the way, up 4.1 per cent in the sixth...

Job market remains robust in B.C.

Strong B.C. labour market conditions persisted in March despite an uptick in the province’s unemployment rate. B.C. employment increased by 10,500 persons or 0.4 per cent to surpass 2.73 million in...

Small-business optimism rises in B.C.

Consistent with the national pattern, small-business confidence in B.C. continued to recover in March. Short-term optimism (three months) rose 4.4 points to 51 points, marking the highest level...

Tourism industry poised for robust rebound in B.C.

Despite a setback from the Omicron wave, which curtailed global travel amid additional vaccine restrictions and advisories to not travel, the tourism sector looks to rebound sharply in the coming...

New listings signal possible easing of home prices

The relentless ascent of B.C. home prices continued through February as housing demand remained robust and inventory low. However, a sharp rise in new listings could signal a trend to a more...