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REBGV | The Lede – Rate hikes and the impact on the Vancouver market
In part one of this two-part post, we took a look at the likelihood that the Bank of Canada would continue tightening monetary policy going forward. In this post, we’ll take a retrospective look and examine the impacts previous tightening cycles have had on the Greater Vancouver market. Buckle up, it’s a longer post, but worth…
December 2022 Stats Centre Reports
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
March 2023 BCREA – Unprecedented Pace of Construction Needed to Offset the Impact of Record Immigration to BC
Housing demand impact of record-high immigration is five times as large as the Foreign Buyers Ban: report Vancouver, BC– March 28, 2023. To fully offset a deterioration in housing affordability, new home completions in BC need to increase 25 per cent above their historical average level for the next five years to a record level…
Canadian Economic Growth (Real GDP Q3’2022)
Canadian Monthly Economic Growth (Q3’2022) Canadian real GDP rose 0.1 per cent in September, up for the eighth consecutive month. Goods-producing sectors rose 0.3 per cent while services-producing industries were essentially flat. Canadian real GDP is now roughly 2.8 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian…
August 2022 Stats Centre Reports
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
October 2022 RBC Economics Monthly Housing Market Update
Beginning of the end for Canada’s housing market downturn? Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there was even a tiny monthly increase in home resales nationwide in October—marking a notable shift from the deep fall in activity that took place over…