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Market News & Blog Updates

Here is what's happening in Vancouver's housing market.

BCREA ECONOMICS NOW

 

Canadian and US Employment - February 6, 2015

The Canadian economy gained 35,000 thousand jobs to start 2015 while the national unemployment rate declined 0.1 points to 6.6 per cent. Stronger than expected job growth to start the year and rebounding oil prices may prompt a rethink among those expecting a second rate cut by the Bank of Canada in March.

In BC, employment was up by 6,700 jobs in January. Full-time employment was particularly strong for a second consecutive month, rising by 12,800 while part-time employment declined 6,100. The provincial unemployment rate ticked 0.1 points higher to 5.6 per cent as the additions to people looking for work outnumbered job growth.

In the United States, the labour market continues to gain strength.  January payroll growth registered 257,000 jobs while previous months estimates were revised higher by a combined 147,000 jobs. The 
US unemployment rate rose to 5.7 per cent due to an expanding labour force.


Source: BCREA (British Columbia Real Estate Association).

BCREA ECONOMICS NOW

 

Canadian and US Employment - February 6, 2015

The Canadian economy gained 35,000 thousand jobs to start 2015 while the national unemployment rate declined 0.1 points to 6.6 per cent. Stronger than expected job growth to start the year and rebounding oil prices may prompt a rethink among those expecting a second rate cut by the Bank of Canada in March.

In BC, employment was up by 6,700 jobs in January. Full-time employment was particularly strong for a second consecutive month, rising by 12,800 while part-time employment declined 6,100. The provincial unemployment rate ticked 0.1 points higher to 5.6 per cent as the additions to people looking for work outnumbered job growth.

In the United States, the labour market continues to gain strength.  January payroll growth registered 257,000 jobs while previous months estimates were revised higher by a combined 147,000 jobs. The 
US unemployment rate rose to 5.7 per cent due to an expanding labour force.


Source: BCREA (British Columbia Real Estate Association).

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.