Canadian Building Permits – January 9, 2012 Canadian building permits declined 3.6 per cent in November, following an 11.6 per cent jump in October. A sharp decline in non-residential permits, particularly in Ontario, overshadowed an 8.2 per cent gain in residential activity. BC lead all provinces with construction intentions rising 31.5 cent in November. Both residential and non-residential permits were up significantly… Read More

Canadian retail sales jumped 1.0 per cent in September, the fifth increase in the last six months and the largest increase since November 2010. The increase in sales was broad based with 9 out of 11 sectors reporting higher sales. The strong performance in retail sales was driven by the motor-vehicle and parts industry which rose 2.8 per cent from… Read More

Vancouver, BC – November 15, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year. The average MLS® residential price was up 2.6 per cent to $535,695 last month… Read More

August 2, 2011 The 5-year bond yield has nose-dived 16 bps today, crashing through “support” at 2.00%. It’s the biggest plunge in yields since March 2009. As of this writing, the 5yr GoC sits at 1.87%—seemingly en route to its 28-month low of 1.835%. Yields are hurtling lower in response to a slew of negatives… Read More