Bryan Yu

B.C.’s population continues to grow

New residents continued to flow into the province in the third quarter, driving population growth of 0.5% from the second quarter to a record 4.84 million. Year-over-year, Q3 population swelled by...

Province’s retail sales maintain record highs in November

Headline retail sales held steady at a record $7.29 billion in November following a sharp October gain despite a drag from lower auto sales. Brisk sales across most other retail segments pointed to...

B.C. home sales end 2017 on a high note

A bump in December home sales capped off another strong year in 2017, just ahead of new stress-testing requirements on low-ratio mortgages that took effect on January 1. B.C. Multiple Listing...

New home construction pace quickens in B.C.

Data Points “Build, baby, build” is the B.C. housing market mantra as urban-area starts accelerated to a hefty 49,600 annualized units in December, up from a 44,890-unit pace in November. The...

Sales of new vehicles drive B.C. retail gains

A flurry of new vehicle sales drove a strong start to fourth-quarter B.C. retail sales. Dollar-volume sales jumped 2% from September to a record-high $7.3 billion with growth surpassing the national...

B.C. housing starts cool after hot October

Dovetailing with recent building permit data, B.C. housing starts pulled back in November after an October surge but remained robust. Urban-area starts slowed to a seasonally adjusted annualized rate...

B.C.’s employment jumps in November

Aligning with a solid national uptick, B.C. employment surged 0.7% (or 18,200 persons) from October to a seasonally adjusted 2.49 million. Full-time employment rose for a third straight month with a...

Strong retail showing signs of weakening

B.C. retail spending rebounded in September following an August decline, but the trend points to a tempering of activity after a flurry early in the year. Sales rose 0.4% to a seasonally adjusted...

Home sales continue to climb in the province

BC Multiple Listing Service (MLS) sales rose 1.9% in October to 9,237 units. The increase follows a 5.4% rise in September. This was the highest level since July 2016 and reflected the push of a...

B.C. urban housing starts rise in October

A flurry of activity in the Vancouver census metropolitan area (CMA) fuelled a surge in October housing starts. Urban B.C. starts soared to the highest level since 1990 at a seasonally adjusted...