Economic Update – Q3 2021

The Canadian economy has returned to (or is forecast to) exceed the pre-pandemic levels of major economic indicators by the end of 2021.  Nevertheless, Canada’s unemployment rate is forecast to remain above pre-pandemic levels throughout Quarter 3 of 2021. ...

Economic Update – Q2 2021

The Canadian economy has returned to (or is forecast to exceed) the pre-pandemic levels of major economic indicators by the end of 2021.  Nevertheless, Canada’s unemployment rate is forecast to remain above pre-pandemic levels throughout Quarter 2 of 2021....

Economic Update – Q1 2021

The Canadian economy has returned to (or is forecast to) exceed the pre-pandemic levels of major economic indicators by the end of 2021.  Nevertheless, Canada’s unemployment rate is forecast to remain above pre-pandemic levels throughout Quarter 1 of 2021.  Similarly,...

Economic Update – Q4 2020

The Canadian economy remains below pre-pandemic levels according to many metrics, but the promise of widespread vaccination will be a driving force of economic growth carrying Canadians the rest of the way out of the COVID-19 induced recession. Canadian businesses in...

Economic Update – Q3 2020

COVID-19 had a significant impact on the Canadian economy in Q3 of 2020 much like the prior two quarters of 2020. Nevertheless, active COVID-19 cases in Canada halved from July 1 to September 30. Likely as a result of the decline in cases a number of public safety...

Glossary – Economic Update

Average MLS® Residential Prices:  The total dollar sum of all sold prices for single family homes, townhouses, and condominiums. divided by the total number of units sold.https://www.crea.ca/housing-market-stats/quarterly-forecasts/ BC’s Restart Plan: The BC Restart...