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Bryan Yu

Bryan Yu

BIV

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Bryan Yu: B.C. employment reverses five-month trend and exports rise

Following five consecutive monthly declines, British Columbia employment grew for the first time in October with an increase of 8,300 people (up 0.3...

yesterday 9

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Bryan Yu

Bryan Yu: One in four B.C. SMEs say they’re in a good state of business health

Optimism among small and medium-sized enterprises (SMEs) was steady but soft in October, according to the Canadian Federation of Independent Business...

13.11.2024 10

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Bryan Yu

Bryan Yu: Consumer spending sluggish even as travellers to B.C. increase

Bucking the Canadian trend, B.C. retail spending slowed in August with a one-per-cent drop, in contrast to the 0.4-per-cent national increase. At a...

06.11.2024 5

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Bryan Yu

Bryan Yu: B.C. inflation hits three-year low as gas prices drop

B.C.’s inflation rate slowed in September on a year-over-year basis to two per cent from 2.4 per cent in August. While the highest rate among...

30.10.2024 10

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Bryan Yu

Opinion: B.C.’s economy can’t absorb its population growth

It was another downbeat month for B.C.’s labour market in September with employment down for a fifth consecutive month. Employment fell by 18,000...

23.10.2024 40

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Bryan Yu

Opinion: Vancouver housing market may be in limbo as sales lag, prices slip

Housing market activity in the Lower Mainland sputtered again in September, even as affordability conditions started to improve for homebuyers....

16.10.2024 10

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Bryan Yu

Bryan Yu: B.C. home sales dip, prices fall as buyers wait for further rate cuts

B.C.’s housing market remained mired in its slump in August despite Bank of Canada rate cuts. On a monthly basis, seasonally adjusted MLS home sales...

03.10.2024 10

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Bryan Yu

Opinion: B.C. building permits soar as Vancouver shifts into buyers’ market

Canadian building permits rebounded in July after two months of declining values. This recovery was driven in large part by B.C., where permit values...

25.09.2024 10

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Bryan Yu

Data Points: B.C. payrolls drop as long-term SME business confidence shudders

Business sentiment among small and medium-sized enterprises (SMEs) improved nationally in August, according to the Canadian Federation of Independent...

11.09.2024 10

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Bryan Yu

Data Points: Retail sales steady as B.C.’s inflation rate beats national average

The pace of inflation in B.C. sped up in July on a month-to-month basis as the province’s consumer price index rose to 2.8 per cent from 2.6 per...

04.09.2024 10

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Bryan Yu

Data Points: B.C. labour data shows slowing growth as July home sales struggle

B.C. employment softened again in July with a monthly decline of 10,300 people (down 0.4 per cent), underperforming the rest of the country. Despite...

21.08.2024 20

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Bryan Yu

Data Points: National GDP growth continues in May as tourism fully recovers

Last week was a light one for B.C. economic data, ahead of labour market and early housing market data set to be released this week. The key data...

14.08.2024 10

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Bryan Yu

Data Points: B.C. home sales improve as the average Vancouver price hits peak

Housing market activity in B.C. picked up pace in June, following months of low sales volume. Seasonally adjusted MLS home sales in B.C. came in at...

24.07.2024 10

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Bryan Yu

Data Points: B.C.’s unemployment rate drops in June as home sales struggle

British Columbia saw another monthly decline in employment, with 9,700 fewer people (down 0.3 per cent) working in June. Despite the monthly...

17.07.2024 10

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Bryan Yu

Data Points: B.C. inflation rate keeps pace as employers shed thousands of jobs

Consistent for the month of April and the national reading, B.C.’s inflation rate remained at 2.9 per cent in May as shelter and gasoline prices...

10.07.2024 10

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Bryan Yu

Data Points: B.C. residential building permit issuances reach $2.1B record value

B.C. building permits skyrocketed in April, suggesting we’ll see a jump-start to construction in the coming months. Building permit values leapt by...

26.06.2024 10

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Bryan Yu

Data Points: Home sales sluggish as B.C. employment outpaces national average

The sluggish spring market in the Lower Mainland continued as buyers sat on the fence through May, waiting for the Bank of Canada’s now-commenced...

19.06.2024 10

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Bryan Yu

Data Points: B.C. retail sales drop as job vacancies retreat to pre-COVID levels

Consumer demand wilted during the first quarter as retail spending in Canada declined for a third consecutive month in March. Seasonally adjusted...

12.06.2024 10

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Bryan Yu

Data Points: B.C.’s record immigration masks largest net outflow in decades

The release of local population figures for 2023 confirmed our expectation that growth migrated back to the largest urban areas. Population growth in...

05.06.2024 10

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Bryan Yu

Data Points: B.C. employment sees soft expansion led by part-time work

Following the modest increases seen in previous months, B.C. employment expanded by a robust 23,400 people (0.8 per cent) in April with year-over-year...

22.05.2024 40

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Bryan Yu

Data Points: Lower Mainland housing sales near cyclical lows in peak season

Housing supply is on the rise in the Lower Mainland as more owners try to capitalize on what is normally the peak selling season, but is instead a...

15.05.2024 60

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Bryan Yu

Bryan Yu: B.C. retail sales outperform national average as visitor numbers rise

Consumer weakness looks to have extended through the first quarter, with retail spending in Canada declining for a second consecutive month in...

08.05.2024 40

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Bryan Yu

Bryan Yu: B.C. housing starts pick up pace as consumer price pressures ease

B.C. housing starts picked up again in March. On a seasonally adjusted annualized basis, urban starts increased to 58,670 in March. This marks an...

01.05.2024 20

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Bryan Yu

Bryan Yu: B.C. employment edges up as year-to-year exports decline sharply

Following a modest monthly increase, British Columbia’s workforce reported another mild expansion last month. The number of people employed in the...

17.04.2024 10

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Bryan Yu

Bryan Yu: B.C. business optimism improves a bit and payroll counts increase

Prospects of interest rate relief and waning fears of a recession supported an uptick in B.C. business optimism in March, according to the latest...

10.04.2024 10

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Bryan Yu

Data points: B.C. housing sales falter in February, retail sales start 2024 down

B.C.’s housing market performance faltered in February as home sales fell, retracing most of the gains made in the prior month. Seasonally adjusted...

03.04.2024 10

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Bryan Yu

Bryan Yu: B.C. housing starts rebound, manufacturing sales drop sharply

B.C. housing starts rebounded in February after a weak January. On a seasonally adjusted and annualized basis, starts rose to 44,437 last month. This...

27.03.2024 9

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Bryan Yu

Bryan Yu: B.C. employment slows, local home prices hold as market balances

B.C. employment growth slowed to a modest 0.2 per cent in February, following a January increase. Year over year, provincial employment increased by a...

20.03.2024 10

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Bryan Yu

Data points: B.C. retail sales show strength as U.S. monthly visitors drop off

Retail spending in Canada reported a surprisingly robust end to 2023. Seasonally adjusted retail sales rose 0.9 per cent from November to December to...

07.03.2024 5

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Bryan Yu

Data points: B.C. housing markets broadly balanced as starts drop off

B.C.’s housing market is gaining traction. MLS sales in the province rose to 6,054 units in January, up 4.5 per cent month-to-month, albeit...

28.02.2024 8

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Bryan Yu

B.C. rental crisis deepens as Vancouver rents soar, vacancies plummet

Like much of the country, B.C.’s rental market crisis deepened in 2023. The 2023 Canada Mortgage and Housing Corp. (CMHC) Rental Market Survey...

16.02.2024 9

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Bryan Yu

Data points: Latest payroll data points to increased slack in B.C. economy

B.C. employers reported a very slight decline in their non-farm payrolls in November. From the latest Survey of Employers, Payroll and Hours (SEPH),...

15.02.2024 5

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Bryan Yu

Data points: Latest payroll data points to increased slack in B.C. economy

B.C. employers reported a very slight decline in their non-farm payrolls in November. From the latest Survey of Employers, Payroll and Hours (SEPH),...

07.02.2024 10

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Bryan Yu

Data points: B.C. home sales report first gain in six months as retail sales slow

The housing market in B.C. ended 2023 with a surprise sales gain. Seasonally adjusted MLS sales rose for the first time since June 2023, with a...

01.02.2024 10

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Bryan Yu

Data points: B.C. goods exports finally grow as construction intentions cool

In November, growth in B.C.’s merchandise exports returned to positive territory, achieving a year-over-year gain of 2.5 per cent – the first...

24.01.2024 40

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Bryan Yu

Data points: B.C. hiring lags population growth and retail spending surprises

B.C.’s labour market caught an updraft to end the year after little change in both October and November. Total employment rose by 17,700 people (0.6...

17.01.2024 5

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Bryan Yu

Data points: B.C. consumers restrict unnecessary spending and non-farm payrolls decline

Retail spending in Canada gained traction in October following September’s increase. Seasonally adjusted retail sales rose 0.7 per cent...

16.01.2024 20

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Bryan Yu

Data points: Inflation in B.C. hits lowest level since June 2021

In October, the consumer price index (CPI) for B.C. decelerated to a year-over-year 2.7 per cent, from 3.3 per cent in September. It was the second...

06.12.2023 20

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Bryan Yu

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