Industry News & Insights

Overall, the Canadian economy has started to return to the pre-pandemic levels of major economic indicators by the end of 2021.  Similarly, economic indicators for BC have returned to, or exceeded, levels from before the pandemic.  As of the end of Q4, more...

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. ...

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....

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,...

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...

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...

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...

Compared to our previously posted Q1 Economic Update, COVID-19’s impact on the economy has become more apparent.  On May 19, BC entered Phase 2 of BC’s Restart Plan, (4 phase plan) entering Phase 3 on June 24.  It is anticipated that BC will remain in Phase...

The global economy is currently experiencing a deep Covid-19 induced recession which has had an impact on the domestic economy that Canada has not seen since the financial crisis in 2008.  This post provides readers an economic update for Q1 of 2020....

In the past months, the Covid-19 virus has found its way around the globe.  Canada's exposure to the virus has had a heavy impact on the domestic economy, specifically in the Tourism and Accommodation and Food Services sectors.  British Columbia’s two...