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Industry News & Insights

Economic Update – Q2 2022

By the end of Q1, the Canadian economy had returned to or exceeded the pre-pandemic levels of most major economic indicators.  The recovery from the COVID-19 pandemic continued for Q2 of 2022, as a result of the lifting of health restrictions and a return to...

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Economic Update – Q1 2022

By the end of 2021, the Canadian economy had returned to pre-pandemic levels for most major economic indicators.  Similarly, the economic indicators discussed in this post for BC had returned to, or even exceeded, levels from before the pandemic.  In Q1 of 2022, all...

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Economic Update – Q4 2021

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...

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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. ...

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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....

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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,...

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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...

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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...

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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...

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Economic Update – Q2 2020

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...

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