Blogs

Canadian Building Permits,March, 2019

Posted on Mar 08, 2019

The total value of Canadian building permits fell 5.5 per cent on a monthly basis in January to $8.4 billion. A decline in construction intentions for commercial buildings was the primary driver of the decline.
 
In BC, the total value of permits fell 24 per cent to $1.6 billion after reaching a milestone of $2 billion in December. A decline in Vancou...

Read More

BCREA ECONOMICS NOW

Posted on Mar 06, 2019

BCREA ECONOMICS NOW
Bank of Canada Interest Rate Announcement - March 6, 2019
The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that while it had expected weak energy investment and exports due to low Canadian oil prices, lower consumer spendin...

Read More