Tag Archives: gdp

How important is construction to economic growth and employment across Canada?: Part 2

In part 1 of this series we looked at construction employment as a percentage of total employment, and residential construction as a percent of GDP for all provinces from BC east to Ontario. If you haven’t read that post, make … Continue reading

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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

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Trade balance surprises to the upside: A new trend or a one-off reading?

The big news from this week was the shocking rebound in Canadian exports in December, which pushed the balance of trade (exports – imports) well into positive territory at a $3 billion surplus. From Stats Canada: Canada’s merchandise exports rose 9.7% … Continue reading

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New CD Howe report: CMHC liabilities equal 30% of Canada’s GDP

CD Howe released an interesting commentary on the current role of CMHC in the mortgage market.  It is well worth the read as it not only highlights the potential (and unnecessary) risks to taxpayers, which we’ll discuss, but also debunks … Continue reading

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Sunshine and lolipops! November GDP on FIRE

November GDP on FIRE! After recording a surprisingly weak 0.1% increase in October, the November GDP reading roared back to life to the tune of a 0.4% increase.  The gains were driven largely by the FIRE group (Finance, insurance, Real … 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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House prices decline for third consecutive month; Major GDP miss in Britain; House price double dip accelerates in US

Teranet Index declines for third straight month The November Teranet index released today registered its third straight monthly decline. “Canadian home prices in November were down 0.2% from the previous month, according to the Teranet-National Bank National Composite House Price … Continue reading

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CAAMP puts the cart before the horse

New CAAMP report The Canadian Association of Accredited Mortgage Professionals was already in damage control mode prior to Flaherty’s mortgage rule change announcement.  Earlier in the week, CAAMP chief economist Will Dunning released a report titled, ‘Good Lord please don’t … Continue reading

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Toronto condo data; China about to hit a wall?; Fiscal austerity to weigh on public sector jobs; The Age of Deleveraging; Another video primer

Toronto condo data The Toronto Real Estate Board released their most recent rental market report yesterday.  It showed both a substantial jump in rental transactions and a jump in rental inventory. “From September until the end of 2010, TREB Members … Continue reading

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Survey of Forecasters data; From stimulus to restraint; China’s empty malls

Survey of Forecasters The Conference Board of Canada has released their 2011 survey of economic forecasters (subscription required) in which they surveyed economists about the growth prospects for the Canadian economy in 2011. The average analyst estimate for final 2011 … Continue reading

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