The recent past has seen communities across British Columbia struggling with unprecedented growth in housing demand driven by rising immigration rates, increased international student enrolment, and intermittent surges in interprovincial migration. This growth has presented communities throughout the province with many opportunities; it has also pu...
Today’s release of Consumer Price Index (CPI) data from Statistics Canada showed once again that inflation in Canada is under control. The annual rate of inflation declined marginally in November, to 1.9%, and has been at, or below, the Bank of Canada’s 2.0% target for four consecutive months.
Price pressures through much of the CPI eased in Novembe...
Back in September we proposed that this year’s Fall housing market would be defined by a simple question: would buyers take advantage of modest interest rate cuts (to that point) and what were decade-highs in inventory, or would they continue to postpone their purchases in anticipation of more meaningful interest rate declines tomorrow? Well, with...
Today’s release of Labour Force Survey (LFS) data from Statistics Canada on the state of Canada’s job market in November revealed yet another month of rising unemployment.
The country’s unemployment rate has been on an upward march since bottoming out in July 2022—at a record-low of 4.8%—increasing to 6.8% last month. This represents the highest lev...
