Canada’s housing construction sector showed significant momentum in April 2025, with national housing starts rising 30% to a seasonally adjusted annual rate (SAAR) of 278,606 units, according to the latest figures. This also marks a 15% increase compared to April 2024, indicating growing builder confidence despite broader economic uncertainties. 🔨 National Highlights Single-detached starts:...
Vancouver, BC – May 14, 2025 — The British Columbia Real Estate Association (BCREA) has released its latest housing market data, revealing a notable slowdown in residential sales across the province. According to BCREA, a total of 6,453 residential unit sales were recorded through Multiple Listing Service® (MLS®) systems in April 2025, marking a 14.6% decline from the same month in 2024. The...
In April 2025, Canada's unemployment rate climbed to 6.9%, up from 6.7% in March, marking the highest jobless rate in over three years. This exceeded market forecasts of 6.8% and reflects the growing strain on businesses, particularly from U.S.-imposed tariffs targeting critical sectors like aluminum, steel, and autos. The number of unemployed individuals surged by 39,300, bringing the total to...
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