Bryan Yu

B.C. employment rises for first time since May

There was good news for B.C.’s labour market in October. Estimated employment in the Labour Force Survey climbed for the first time since May, jumping 0.6% or 15,300 persons to near 2.57 million....

B.C.’s payroll counts dip slightly in August

B.C. non-farm payroll counts in August gave back a portion of the increase recorded in July. Total payroll counts fell 0.3% to 2.35 million persons following the prior month’s 0.8% gain. Despite...

Retail sales rise after months of declines

B.C. retailers posted a decent pickup in August sales, but the trend continued to signal soft consumer spending. Retail spending at bricks-and-mortar stores rose 0.8% from July to a seasonally...

Recovery continues in B.C. housing sales

B.C.’s housing recovery continued in most parts of the province following exceptionally weak activity earlier this year. Multiple Listing Service sales rose 8% in September to 2,538 seasonally...

B.C. employment dips as housing starts surge

B.C. employment continued to fall in September, with estimated levels down by 8,400 persons or 0.3% from August to 2.55 million persons. While statistically insignificant, this marked a fourth...

B.C. housing market, population post gains

Annual July-over-July population growth in B.C. remained moderate in 2019 with the province growing by 70,170 persons or 1.4%. While decelerating from a 1.6% gain in 2018, this was consistent with...

Earnings rise as job vacancy growth slows

Non-farm payroll data pointed to solid labour market conditions in July, albeit with soft patches within various sectors. Average weekly earnings edged higher on a month-to-month basis by 0.1% to...

B.C. retail sales post fourth straight decline

Sales at bricks-and-mortar stores in B.C. deteriorated again in July with a decline of 0.8% both on a monthly and year-over-year basis. This marked a fourth straight contraction and sixth decline in...

B.C. housing starts drop after four-month run

Housing starts in B.C. finally cooled in August following four months of record-high performances. Annualized urban-area starts fell to 36,900 units during the month, from 50,800 units in July,...

August sales signal end to Metro housing slump

Lower Mainland home sales momentum firmed through August, pointing to an end to the down cycle observed earlier this year. Buyers are returning to the market amid rising affordability due to...