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canada's labouring market

Posted on May 13, 2025


At first blush, the latest Labour Force Survey (LFS) data release from Statistics Canada portrayed a relatively steady (if not stagnant) picture of employment last month. The total number of jobs in Canada grew ever so slightly between March and April (by 7,400), while the unemployment rate rose to 6.9%, up from 6.7% the previous month.

Beneath the...

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a trump in the road for bc's spring housing market

Posted on May 07, 2025


Heading into 2025, there was a general sense of optimism that the resale housing market in BC would make a recovery from what had been more than two years of suppressed transaction activity. Our own rennie outlook published in January forecasted annual home sales in the Vancouver Region to reach almost 50,000 this year, a 24% increase year-over-yea...

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seattle suburbs are losing their rental advantage

Posted on May 05, 2025


The pursuit of affordability in Seattle’s rental market has often required probing outside the urban cores. Submarkets like Federal Way, Kent, Everett, and Renton offered fewer amenities and longer commutes, but lower rents have made the trade-off worthwhile. For many renters, especially those who are younger or newly arrived, this served as a natu...

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the bank stands pat amidst a trade spat

Posted on Apr 16, 2025


The Bank of Canada opted to maintain its trend-setting policy interest rate today, at 2.75%, after lowering it at each of its previous seven meetings.

The Bank finds itself in a tricky position. There is little inflationary pressure from domestic sources, with a relatively soft labour market and headline inflation sitting at very palatable 2.3%. Fur...

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a bittersweet inflation reading

Posted on Apr 16, 2025


Markets breathed a small sigh of relief last week as the latest (March) CPI release came in below consensus estimates, showing that inflation pressures eased substantially last month. Core CPI, which excludes the more volatile components of food and energy, measured 2.8% year-over-year, down from 3.1% in February, and marking its lowest level since...

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consumer price stability amid trade uncertainty

Posted on Apr 15, 2025


With the latest release of the Consumer Price Index (CPI) data from Statistics Canada, inflation has once again trended back towards the Bank of Canada’s target of 2%. The annual rate of inflation fell in March to 2.3%, after it had risen to 2.6% in February. The headline rate has now remained within the Bank’s target range of 1-3% for 15 consecuti...

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