Quarterly Economic Update Archives

08Feb

Vancouver’s economy is on fire

[Source: BIV.com, January 27, 2017] Economic growth in B.C., particularly Vancouver, was so strong in 2016, it has nowhere to go but down, according to the Conference Board of Canada. But even with an expected cooling of the real estate market, lower expected GDP growth of about 3% and job growth of 23,000 per year for the next two years, Vancouver is expected to continuing sharing “superstar” status with Toronto, Alan Arcand, associate director of municipal studies for the Conference Board, [...]

Canada, Quarterly Economic Update, Vancouver Real Estate

08Feb

Will Vancouver recover from ‘policy shock’?

[By: Chana Fay Charach, February 8, 2017] Vancouver is one of the most watched real estate markets in Canada and possibly internationally as well. Over the last couple of years, we have experienced extraordinarily heated conditions to say the least. Not only was there a rapid rise in values in many areas but also a significant number of sales. However, in the later part of 2016, things cooled off after numerous government policy changes were implemented. “From a real estate perspective, [...]

British Columbia, Canada, International Influence, Quarterly Economic Update, Vancouver Real Estate

21Jul

3rd Quarter 2016 Canadian Economic Update – Your Dollars & Sense

QUARTERLY HIGHLIGHTS Q3 – JULY 2016 - VERICO’s Economic Consultant, Michael Campbell helps us to understand the impact of the Brexit vote to leave the EU on our markets, what’s going on with mortgage rates, and who is demanding “government do something about high prices in Vancouver”. – A VERICO Exclusive. INTERNATIONAL SCENE Brexit is important because it is a part of a much bigger story. The key to know is that the Brexit vote and demise of the European Union [...]

International Influence, Quarterly Economic Update, Vancouver Real Estate

30Apr

2nd Quarter 2016 Canadian Economic Update – Your Dollars & Sense

QUARTERLY HIGHLIGHTS Q2 – APRIL 2016 - VERICO’s Economic Consultant, Michael Campbell helps us to understand the contributing factors to the strong performance of the Canadian Economy and what foreign investment really means for housing prices in Vancouver and Toronto. – A VERICO Exclusive. INTEREST RATE HIKE? The Bank of Canada (BOC) says there will be no interest rate hikes in 2016. There’s no need for one as there's no inflationary pressure or demand pressure. The manufacturing sector may be recovering but it's not expanding – [...]

Quarterly Economic Update, Vancouver Real Estate