Tag Archives: employment

How important is construction to economic growth and employment across Canada?: Part 1

In a previous series we examined house prices relative to GDP growth across Canada.  That data seems to suggest that a significant level of overvaluation exists in many provinces from Ontario west (Quebec data was absent in that series).  Hopefully … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , , , | 56 Comments

Measuring the potential economic impact of a housing bust

We do in fact live in unique times.  While we can disagree on exactly what the future holds for real estate in Canada and what implications (if any) this may have on the economy, we can not disagree on certain … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , | 6 Comments

Employment number misses consensus; US consumers cutting back….will Canadians follow?; Another great CMHC video

Employment misses consensus Stats Canada released their most recent employment numbers today.  The headline stat reported in most media outlets is the 15,000 net new jobs created in February.  However, aside from that stand-alone headline, the report is actually very … Continue reading

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Why falling house prices will pull at employment (not the other way around)

Why a housing downturn would hurt employment This is a topic I discuss often on this lowly blog.  It’s a source of confusion for many people as most see employment as buoying house prices, not the other way around.  I … Continue reading

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Employment numbers rocking!; Building permits rise on new Ontario condo projects; Big banks begins hiking rates; Ignatieff warns on housing market risks

Employment numbers decidedly above expectation Expectations of 20,000 new jobs added in January were fully blown out of the water by the 69,000 new jobs added by the Canadian economy.  Very impressive stuff. If we dig beneath the surface we … Continue reading

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The week that was

Lots of interesting happenings on the economics front from this past week.  Here are a few that were on my radar: Canada’s economic recovery not as strong as originally reported Canada no longer leads recovery standings “Revisions released Friday by … Continue reading

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Canadian employment picture brightens…but questions remain

Employment picture brightens Stats Canada released the latest job figures today: Employment edged up for the second consecutive month in December, with an increase of 22,000. The unemployment rate held steady at 7.6%. Compared with December 2009, employment increased by … Continue reading

Posted in Economy | Tagged , , , , , , , , , , | 14 Comments