Vancouver, BC – May 2025 — Canada’s annual inflation rate slowed sharply to 1.7% in April, down from 2.3% in March, marking the softest rise in consumer prices in seven months, according to the latest Statistics Canada data. While slightly above expectations (1.6%), the pullback in inflation is largely attributed to declining energy prices, amplified by both OPEC output increases and the recent...
Canada’s housing construction sector showed significant momentum in April 2025, with national housing starts rising 30% to a seasonally adjusted annual rate (SAAR) of 278,606 units, according to the latest figures. This also marks a 15% increase compared to April 2024, indicating growing builder confidence despite broader economic uncertainties. 🔨 National Highlights Single-detached starts:...
Vancouver, BC – May 14, 2025 — The British Columbia Real Estate Association (BCREA) has released its latest housing market data, revealing a notable slowdown in residential sales across the province. According to BCREA, a total of 6,453 residential unit sales were recorded through Multiple Listing Service® (MLS®) systems in April 2025, marking a 14.6% decline from the same month in 2024. The...
In April 2025, Canada's unemployment rate climbed to 6.9%, up from 6.7% in March, marking the highest jobless rate in over three years. This exceeded market forecasts of 6.8% and reflects the growing strain on businesses, particularly from U.S.-imposed tariffs targeting critical sectors like aluminum, steel, and autos. The number of unemployed individuals surged by 39,300, bringing the total to...
1. The "Build Canada Homes" Initiative Central to Carney's housing strategy is the "Build Canada Homes" (BCH) program, aiming to double the nation's annual housing construction to 500,000 units. This ambitious plan includes: Federal Involvement in Housing Development: The federal government plans to actively participate in building homes, a departure from previous approaches that relied heavily on...
Canada’s economic momentum took a step back in February 2025, as new GDP figures reveal a 0.2% monthly decline—an unexpected turn following a strong 0.4% gain in January. The latest data from Statistics Canada show broad weakness across sectors, with 12 of 20 major industries reporting contraction. Service-producing industries saw a modest 0.1% dip, while goods-producing sectors shrank more sharply...
After showing early signs of recovery, British Columbia’s housing market has taken an unexpected turn in 2025, largely due to rising global economic uncertainty. Hopes for a stable rebound were derailed by an escalating trade war that’s shaking confidence among buyers and investors alike. Home sales in BC had been climbing steadily since October 2024, reaching a promising pace in January of this...
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