Bryan Yu

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...

B.C. posts year-over-year wage growth in June

Wage growth in B.C. remained solid in June despite losing some momentum following a strong gain the prior month. Weekly earnings averaged $996.30, down 0.5% from the previous month but up 3.2% from...

Falling vehicle sales put brakes on B.C. retail

B.C. retailers posted another down month in June as sales volume declined 0.4% from May to $7.16 billion, with year-over-year growth a negligible 0.7%. The latter underperformed the national gain of...

B.C. housing sales rise close to 14% in July

B.C.'s housing sales cycle has gained traction, according to the latest Canadian Real Estate Association data. Muliple Listing Service sales rose in all regions in July with provincial sales up...

B.C. employment rises 3.8% in one year

As with the national performance, B.C. employment fell in July. Employment declined by 4,800 persons, or 0.2% from June, to just under 2.57 million persons owing to a sharp decline in full-time...

B.C. hourly wages, tourism surge in May

The latest payroll employment data from Statistics Canada pointed to a mixed performance in B.C.’s labour market in May. Average weekly earnings in the province marched ahead with a 0.9% gain from...

Disconnect between B.C. housing starts, resales

B.C.'s new-home construction sector posted another blowout month in June as housing starts jumped to a record high going back to at least 1990. Monthly seasonally adjusted housing starts rose to an...

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...