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After somewhat unexpected employment growth of 81,000 in June, Canada's labour market shed nearly 41,000 jobs in July, underscoring the month-to-month volatily that accompanies the Labour Force Survey. Year-to-date Canada has seen an average of fewer than 15,000 monthly job additions as the labour market remains soft.
The Consumer Price Index rose 1.7% year-over-year in Julye, down from 1.9% in June. Core measures of inflation remained elevated at 3.0% (for CPI Trim) and 3.1% (for CPI Median), however, the pace of growth for both metrics have slowed as the 3-month annualized rate for each was just 2.4%.
As was widely expected, the Bank of Canada held its trend-setting policy interest rate at 2.75% on July 30th. The next announcement is on September 17th.
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.
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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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Why Didn’t Vancouver Housing Take a Summer Break?
August 2025 • Episode 78
rental housing in Metro Vancouver: what you need to know?
July 2025 • Episode 77
wanted: confidence in Vancouver’s housing market
June 2025 • Episode 76