Statistics Canada released September employment data today, showing a marked uptick in job growth and the first decline in the unemployment rate this year. Employment rose by 46,700 in September, following four months of little change.

Despite the employment gain, the employment rate—the proportion of the population aged 15 and older who is employed—fell 0.1 percentage points to 60.7% in September. The employment rate has been on a downward trend since reaching a recent peak of 62.4% in January and February 2023, as growth in the population aged 15 and older in the Labour Force Survey (LFS) outpaced employment growth.

Good news: The number of private sector employees increased for the second consecutive month, rising by 61,000 (+0.5%) in September…

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Canadian prices, as measured by the Consumer Price Index (CPI), rose 1.6 per cent on a year-over-year basis in September, down from a 2.0 per cent increase in August. This marks the slowest year-over-year increase since February 2021. Month-over-month, on a seasonally adjusted basis, CPI was unchanged in September.

The deceleration in headline CPI was driven by a 10.7 per cent decrease in gasoline prices in September. This drop is largely attributed to lower crude oil prices due to pessimistic outlooks on economic growth, coupled with lower costs associated with switching to winter blends. Excluding gasoline, the CPI rose 2.2 per cent in September, matching August's increase.

Mortgage interest costs were up 16.7 per cent, and rent was up 8.2 per…

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Nestled in one of Vancouver’s most prestigious neighborhoods, Bayshore Drive offers residents an unparalleled lifestyle. Located in the heart of Coal Harbour, this scenic waterfront street blends luxury living with stunning natural beauty, all while being steps away from the city’s vibrant downtown core. For those considering a move to Vancouver, Bayshore Drive represents the pinnacle of urban coastal living. Here's why.

Breathtaking Views and Natural Surroundings

Bayshore Drive is synonymous with scenic beauty. Situated along Vancouver’s iconic waterfront, residents enjoy panoramic views of the North Shore Mountains, Stanley Park, Burrard Inlet, and Coal Harbour. Whether you’re sipping your morning coffee or winding down at sunset, the views…

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Are you in the market for a townhouse in Burnaby? If you're looking for modern living spaces, with the perfect blend of convenience and comfort, you're in the right place! Burnaby’s real estate market offers a wide selection of townhouses that cater to different needs and budgets. In this article, we’ll explore the best townhouses for sale, key features to look for, and why Burnaby might just be your next home sweet home.

Burnaby Real Estate Market Overview

Why Townhouses are a Popular Choice in Burnaby

In Burnaby, townhouses have gained significant traction among homebuyers. They offer a unique balance between the privacy of a single-family home and the affordability of a condo. With growing demand, it’s easy to see why many are choosing…

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Canada's real estate market is a diverse and dynamic landscape, reflecting the country’s multicultural population and its broad range of housing needs. Whether you're a first-time homebuyer or a seasoned real estate investor, Canada offers a variety of housing styles that cater to different tastes, budgets, and lifestyles. From urban high-rises to suburban family homes, the options are vast.

Choosing the right type of home is critical, and understanding the different types of houses available in Canada can help you make an informed decision. Let's dive into the five most popular types of homes in Canada.

Detached Houses

Definition and Characteristics

Detached houses, also known as single-family homes, are standalone structures that don't share…

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Port Moody, often referred to as the "City of the Arts," is a vibrant, growing community nestled between the ocean and mountains. With its natural beauty, accessible location, and family-friendly atmosphere, it's no wonder so many people are choosing to call this city home. But buying a house in Port Moody isn’t as simple as picking one out of a catalog. There are many factors to consider, from understanding the local real estate market to finding the perfect neighborhood. This guide will help you navigate the process of buying a home in Port Moody with ease and confidence.

Why Port Moody is an Ideal Place to Live

Overview of Port Moody’s Community

Port Moody is known for its tight-knit, welcoming community that embraces a laid-back lifestyle.…

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This weekend in Vancouver is jam-packed with thrilling events, cultural experiences, and community activities that will keep you entertained from morning till night. Whether you're a science enthusiast, an art lover, or looking to contribute to a meaningful cause, there’s something for everyone. Here’s your guide to the weekend’s top highlights for October 5 and 6, 2024.

Events in Vancouver

From thought-provoking talks to mesmerizing dance performances and charity runs, this weekend has it all. Let's dive into the events you can't miss!

An Evening with Richard Dawkins

Date: October 6, 2024
Location: Queen Elizabeth Theatre
Address: 630 Hamilton St, Vancouver, BC V6B 5N6
Admission: $64.50 - $229.00 + applicable fees

For more…

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Vancouver's real estate market is thriving, and duplex houses have become an increasingly popular choice among homebuyers. Why? Duplexes offer a unique blend of spacious living, investment opportunities, and flexibility that traditional homes may not provide. Whether you're looking to settle down or secure a property that generates income, Vancouver's duplex market is rich with opportunity. In this guide, we'll explore the top duplexes available and everything you need to know about owning one in this vibrant city.

Why Choose a Duplex?

Duplexes are versatile and offer a wide range of benefits. First and foremost, you're essentially getting two homes in one! This can mean extra space for a growing family or rental income from one side while living in…

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Sluggish Sales and Rising Inventories See Fraser Valley Moving Toward a Buyer’s Market

SURREY, BC – With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.

The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over September 2023. Again, seasonally adjusted sales were the second slowest in a decade in the Fraser Valley.

“With three rate cuts already and more expected before the end of the year, buyers are watching the market closely to time their purchasing decisions,” said Jeff Chadha, Chair of the Fraser Valley Real Estate…

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VANCOUVER, BC – October 2, 2024 – Home sales registered on the MLS® in Metro Vancouver declined 3.8 per cent year over year in September, suggesting that recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 1,852 in September 2024, a 3.8 per cent decrease from the 1,926 sales recorded in September 2023. This figure is 26 per cent below the 10-year seasonal average of 2,502 sales.

“Real estate watchers have been monitoring the data for signs of renewed strength in demand in response to recent mortgage rate reductions, but the September figures don’t offer the signal that many are watching for,” Andrew Lis, GVR’s director of…

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