Sales Struggle Against a Weak Economy and Rising Mortgage Rates

The British Columbia Real Estate Association (BCREA) reports that 6,790 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2026, down 2 per cent from May 2025. The average MLS® residential price in BC in May 2026 was down 1.4 per cent at $945,878 compared to $959

Bank of Canada Interest Rate Announcement – June 10, 2026

The Bank of Canada maintained its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted a dampening of economic conditions since its most recent projections in April, citing weakness in government spending, housing activity, and business inve

Canadian Employment (May 2026)

Canadian employment saw a major upswing from the previous month, with the economy gaining 88,000 jobs (+0.4 per cent) to 21.122 million in May. The employment rate rose by 0.2 points to 60.7 per cent, while the unemployment rate fell by 0.3 points to 6.6 per cent. Average hourly wages rose 3.0 per c