Bryan Yu

B.C. employment, housing starts drop in December

B.C.’s labour market faltered at the end of 2019. Employment slipped 0.3%, to add to November’s 0.7% decline, marking a drop of 7,700 positions to 2.54 million persons. Metro Vancouver declined 0.8%...

B.C. leads countrywide surge in immigration

A new wave of immigration is increasing Canada’s population and underpinning its economic growth. National population growth from July 1 to October 1 reached a robust 0.6%. B.C. led this charge with...

New apartments drive rise in B.C. home starts

New home construction appears to be starting 2020 with strong momentum as housing starts surged in late 2019. Urban B.C. starts rose in November to a seasonally adjusted annualized rate (SAAR) of...

B.C. exports sag; home sales climb

September’s uptick in B.C. international exports didn’t last. Goods exports slumped again, with total exports at $3.38 billion in October. This marked a near 13% decline from same-month...

Small-business confidence slips in B.C.

B.C. small businesses are feeling the pinch of a slower economic environment and are feeling cautious about the future. According to the latest Canadian Federation of Independent Business monthly...

B.C.’s retail sector mired in tepid growth

Soft retail sales continued through September at B.C. bricks-and-mortar stores. Following a 1% gain in August, sales fell back by 0.2% to $7.2 billion, with year-over-year growth at an anemic 0.6%....

B.C. home sales continue to climb

B.C. home sales remained on an upswing in October with Multiple Listing Service (MLS) sales up 1.3% from September and 16% year-over-year to a seasonally adjusted 7,304 units. This was a fourth...

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...