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Canada's unemployment rate somewhat unexpectedly fell to 6.9% in June, while Metro Vancouver's dipped to 5.8%. We'll need a few more months of data to determine whether this is just a blip or the beginning of a positive trend.
The Consumer Price Index rose 1.9% year-on-year in June, up from 1.7% in May. Core measures of inflation also inched higher, reaching--and exceeding--the upper end of the Bank of Canada's desired range for inflation, at 3.0% (for CPI Trim) and 3.1% (for CPI Median).
Based on the direction of change in the latest jobs and inflation data, there's virtually no chance the Bank of Canada lowers its trend-setting interest rate at its upcoming July 30th meeting.
the rennie landscape | Vancouver | Spring 2025
We are pleased to present our Spring 2025 edition of the rennie landscape. Focusing on Metro Vancouver, this edition of the rennie landscape examines various facets of economic and demographic change, to provide clarity on the forces shaping our housing markets and and consider what the future may hold.
Featured Report
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The uncertainty associated with Canada's ongoing trade scuffle with the United States is weighing down housing demand.
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PODCASTS
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wanted: confidence in Vancouver’s housing market
June 2025 • Episode 76
prices, policies & population shifts: what’s ahead for housing?
April 2025 • Episode 74
trade tiffs & housing riffs: wonking out with Brendon Ogmundson
March 2025 • Episode 73