Bryan Yu

B.C. building permits surge

Building permit activity rebounded in November as residential construction intentions rose to coincide with a rise in housing starts. The total value of permits rose 17.4% from October to a...

B.C. housing sales brisk as 2021 arrives

Multiple Listing Service (MLS) sales are holding strong heading into 2021, propelled by exceptionally low mortgage rates and a desire for larger properties and recreational homes fuelled by the...

Strong demand insulates B.C. forestry from pandemic

Forestry has been a bright spot for B.C.’s economy during the pandemic after being hammered in 2019 when low prices, trade frictions and supply constraints resulted in mill curtailment and permanent...

B.C.’s labour market keeps gaining strength

B.C.’s labour market firmed in November with a strong gain in employment and declining jobless rate. That said, the numbers are somewhat stale given the sharp rise in COVID-19 cases since the early...

B.C. small-business optimism holds out against pandemic

Small business sentiment in B.C. remained relatively upbeat in November compared to other provinces but COVID-19 remains a headwind. The Canadian Federation of Independent Business’ (CFIB) latest...

Retail store sales post surprising gain in B.C.

B.C. retail spending at bricks-and-mortar stores posted a surprisingly strong gain in September. Total dollar-volume sales rose 1.7% from August to $7.79 billion and outpaced Canadian growth of...

Robust economy ailing after bout with pandemic

The year 2019 seems like a distant memory in the COVID-19 era, but provincial economic accounts data confirmed that, heading into 2020, B.C.’s economy remained among the strongest in the country. On...

Employment holding up better in B.C. than in most other provinces

B.C.’s economy outperformed other provinces in October despite what has been a worrisome trajectory of COVID-19 cases, and new daily records heading into November. National employment growth came in...

Business confidence firm in B.C. despite pandemic

With COVID-19 cases rising across the country, small business confidence understandably fell in October as health-related restrictions returned in Ontario and Quebec. The national Business Barometer...

Rebound in B.C.’s retail sector slows in August

Retail sector momentum eased in August pointing to a topping out of the sales rebound following an early pandemic plunge. Sales at B.C. bricks-and-mortar stores rose 0.5% from July with unadjusted...