July 2013 Prairie Economic Fundamentals
- Thread starter Ally
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A snapshot of Manitoba's workforce
Manitoba workers are older, luckier at the job hunt and tend to be homebodies compared to other Canadians.
They're also more likely to work in agriculture.
New data from Statistics Canada's national household survey, done in 2011, paint a reasonably rosy picture of the province's labour force.
Read the full article here.
Manitoba workers are older, luckier at the job hunt and tend to be homebodies compared to other Canadians.
They're also more likely to work in agriculture.
New data from Statistics Canada's national household survey, done in 2011, paint a reasonably rosy picture of the province's labour force.
Read the full article here.
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Estevan vacancy vacuum hits new low
It's a new low for the rental market in Estevan.
The semiannual rental property report from the Canadian Mortgage and Housing Corporation shows that Estevan had zero rental accommodations available in April. It's a number that shouldn't be a surprise to anybody who has paid close attention to the city's rental market; perhaps the biggest surprise is that this dubious number hasn't been attained previously.
Read the full article here.
It's a new low for the rental market in Estevan.
The semiannual rental property report from the Canadian Mortgage and Housing Corporation shows that Estevan had zero rental accommodations available in April. It's a number that shouldn't be a surprise to anybody who has paid close attention to the city's rental market; perhaps the biggest surprise is that this dubious number hasn't been attained previously.
Read the full article here.
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City of Regina building behind last year's record pace
Building permit values totalled $57.7 million in June, slightly better than half the $107.9 million in permits posted in June 2012, according to the monthly building permit report from the City of Regina. That brings total permits for the first half to $328.9 million, about $20 million behind last year's record pace of $348 million for the first six months.
While lagging last year's pace, Mayor Michael Fougere said he wasn't pushing the panic button as there are a number of large-scale projects on the drawing board that should be applying for permits this year. "One month is not a trend,'' Fougere said Tuesday. "It's not the end of the world."
Read the full article here.
Building permit values totalled $57.7 million in June, slightly better than half the $107.9 million in permits posted in June 2012, according to the monthly building permit report from the City of Regina. That brings total permits for the first half to $328.9 million, about $20 million behind last year's record pace of $348 million for the first six months.
While lagging last year's pace, Mayor Michael Fougere said he wasn't pushing the panic button as there are a number of large-scale projects on the drawing board that should be applying for permits this year. "One month is not a trend,'' Fougere said Tuesday. "It's not the end of the world."
Read the full article here.
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Manitoba jobless rate dips to 5%
THE Manitoba economy has regained most of the 11,100 jobs it lost in April, after adding 3,000 new positions in May and another 7,300 in June, new Statistics Canada data show.
The agency's June labour force report shows Manitoba gained 4,800 new full-time and 2,500 new part-time jobs during the month. That was after adding 5,200 full-time positions in May and shedding 2,200 part-time ones, for a net gain of 3,000.
Read the full article here.
THE Manitoba economy has regained most of the 11,100 jobs it lost in April, after adding 3,000 new positions in May and another 7,300 in June, new Statistics Canada data show.
The agency's June labour force report shows Manitoba gained 4,800 new full-time and 2,500 new part-time jobs during the month. That was after adding 5,200 full-time positions in May and shedding 2,200 part-time ones, for a net gain of 3,000.
Read the full article here.
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Saskatchewan has lowest unemployment rate in Canada
In June, employers in Canada took a break from hiring after going on a binge in May. Economists had been expecting payback from May`s purported growth of 95,000 jobs, and they got it with last month`s flat reading.
The economy lost 400 jobs, statistically leaving Canada`s unemployment rate on hold at 7.1 per cent. The prairies still have the lowest jobless rates ` Saskatchewan being the lowest, at 3.7 per cent. Both Alberta and Manitoba have a 5 per cent unemployment rate.
Read the full article here.
In June, employers in Canada took a break from hiring after going on a binge in May. Economists had been expecting payback from May`s purported growth of 95,000 jobs, and they got it with last month`s flat reading.
The economy lost 400 jobs, statistically leaving Canada`s unemployment rate on hold at 7.1 per cent. The prairies still have the lowest jobless rates ` Saskatchewan being the lowest, at 3.7 per cent. Both Alberta and Manitoba have a 5 per cent unemployment rate.
Read the full article here.
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Saskatoon detached home prices continue to rise
SASKATOON, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed year-over-year price increases in detached bungalows and standard two-storey homes in Saskatoon, while standard condominium prices remained flat.
Prices for detached bungalows saw a healthy increase of 5.2 per cent to $369,250, while prices for standard two-storey homes increased by 3.9 per cent to $394,250. Condominium prices, in contrast, dropped by 0.3 per cent to $255,000.
Read the full article here.
SASKATOON, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed year-over-year price increases in detached bungalows and standard two-storey homes in Saskatoon, while standard condominium prices remained flat.
Prices for detached bungalows saw a healthy increase of 5.2 per cent to $369,250, while prices for standard two-storey homes increased by 3.9 per cent to $394,250. Condominium prices, in contrast, dropped by 0.3 per cent to $255,000.
Read the full article here.
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Regina home prices continue steady growth
REGINA, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed steady year-over-year price increases in detached bungalows and two-storey homes in Regina, while condominium prices decreased marginally.
Standard two-storey homes led the market with a 4.5 per cent year-over-year increase to $363,000. Detached bungalows also saw a moderate increase, up 3.0 per cent to $330,000, while condominiums posted a slight decrease of 1.1 per cent to $205,500.
Read the full article here.
REGINA, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed steady year-over-year price increases in detached bungalows and two-storey homes in Regina, while condominium prices decreased marginally.
Standard two-storey homes led the market with a 4.5 per cent year-over-year increase to $363,000. Detached bungalows also saw a moderate increase, up 3.0 per cent to $330,000, while condominiums posted a slight decrease of 1.1 per cent to $205,500.
Read the full article here.
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Saskatchewan sets new employment record two months in a row
Saskatchewan had the strongest employment growth and lowest unemployment rate in Canada in June, according to the latest employment report released today by Statistics Canada.
As a result, there are now more people working in Saskatchewan than ever before. 568,200 people were working in Saskatchewan in June, breaking the record of 560,900 set just one month earlier. There were 19,300 more people working on a year-over-year basis, a 3.5 per cent rise which is the highest percentage increase among the provinces.
Read the full article here.
Saskatchewan had the strongest employment growth and lowest unemployment rate in Canada in June, according to the latest employment report released today by Statistics Canada.
As a result, there are now more people working in Saskatchewan than ever before. 568,200 people were working in Saskatchewan in June, breaking the record of 560,900 set just one month earlier. There were 19,300 more people working on a year-over-year basis, a 3.5 per cent rise which is the highest percentage increase among the provinces.
Read the full article here.
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June boom boosts Regina housing starts
Regina saw an explosion of multiple-unit housing starts in June - 206 versus 47 in June 2012 - pushing total housing starts for the month to 298, nearly 65 per cent higher than the 181 starts during the same month last year, according to Canada Mortgage and Housing Corp.
Single-detached housing starts numbered 92, down from 134 during the same period last year, CMHC said in its monthly housing report
Read the full article here.
Regina saw an explosion of multiple-unit housing starts in June - 206 versus 47 in June 2012 - pushing total housing starts for the month to 298, nearly 65 per cent higher than the 181 starts during the same month last year, according to Canada Mortgage and Housing Corp.
Single-detached housing starts numbered 92, down from 134 during the same period last year, CMHC said in its monthly housing report
Read the full article here.
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Regina building boom
When Premier Brad Wall takes the stage at the Saskatchewan Real Estate Forum this month he'll be addressing perhaps the most confident real estate crowd in Canada.
"The last five years in Regina have been better than the preceding 15 years," said Karin Developments Ltd. president Kevin Reese, a Forum panelist who isn't surprised at the action in a city where building permits have set annual records for 10 years and property values have soared.
"I always felt Regina was underperforming its potential," he said.
Read the full article here.
When Premier Brad Wall takes the stage at the Saskatchewan Real Estate Forum this month he'll be addressing perhaps the most confident real estate crowd in Canada.
"The last five years in Regina have been better than the preceding 15 years," said Karin Developments Ltd. president Kevin Reese, a Forum panelist who isn't surprised at the action in a city where building permits have set annual records for 10 years and property values have soared.
"I always felt Regina was underperforming its potential," he said.
Read the full article here.
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Spotlight on Moose Jaw
It's going to be a busy season on Saskatchewan Highways. Construction crews will be out in full force, tending to deteriorated and bad stretches of highway.
Moose Jaw Wakamow MLA Greg Lawrence says safe travel is an absolute necessity, especially here in Saskatchewan.
"We've had to increase the spending on highways to keep up with infrastructure, so we can promote growth here in Saskatchewan. It's how we get our goods to market and we need the good highways to do that."
Read the full article here.
It's going to be a busy season on Saskatchewan Highways. Construction crews will be out in full force, tending to deteriorated and bad stretches of highway.
Moose Jaw Wakamow MLA Greg Lawrence says safe travel is an absolute necessity, especially here in Saskatchewan.
"We've had to increase the spending on highways to keep up with infrastructure, so we can promote growth here in Saskatchewan. It's how we get our goods to market and we need the good highways to do that."
Read the full article here.
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Retail vacancies creep down
Despite adding more than 200,000 square feet of retail space to the market in the last 12 months, retail vacancy rates in Saskatoon fell from 2.89 per cent to 2.24 per cent, says a new report by Colliers International.
"Saskatoon's retail market has been growing so fast that some people might be worried we are overbuilt in retail," Colliers research manager Duncan Mayer said. "But this has been ongoing for the last five or six years now, and we haven't been showing any signs of slowing down as far as retail growth."
Read the full article here.
Despite adding more than 200,000 square feet of retail space to the market in the last 12 months, retail vacancy rates in Saskatoon fell from 2.89 per cent to 2.24 per cent, says a new report by Colliers International.
"Saskatoon's retail market has been growing so fast that some people might be worried we are overbuilt in retail," Colliers research manager Duncan Mayer said. "But this has been ongoing for the last five or six years now, and we haven't been showing any signs of slowing down as far as retail growth."
Read the full article here.
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Saskatchewan job numbers remain strong
Saskatchewan had the strongest employment growth and lowest unemployment rate in Canada in June, according to the latest employment report released today by Statistics Canada.
As a result, there are now more people working in Saskatchewan than ever before. 568,200 people were working in Saskatchewan in June, breaking the record of 560,900 set just one month earlier. There were 19,300 more people working on a year-over-year basis, a 3.5 per cent rise which is the highest percentage increase among the provinces.
Read the full article here.
Saskatchewan had the strongest employment growth and lowest unemployment rate in Canada in June, according to the latest employment report released today by Statistics Canada.
As a result, there are now more people working in Saskatchewan than ever before. 568,200 people were working in Saskatchewan in June, breaking the record of 560,900 set just one month earlier. There were 19,300 more people working on a year-over-year basis, a 3.5 per cent rise which is the highest percentage increase among the provinces.
Read the full article here.
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New water fees coming down the pipe for developments outside Regina city limits
Mayor Michael Fougere is defending the city's plan to impose new utility connection fees for developments outside city limits despite criticism that the new charges could inhibit growth.
The city's executive committee on Wednesday passed a temporary policy that, if approved by city council, would hike the cost of hooking up to the city's water, waste water and storm water lines for developers and residents located outside Regina
Read the full article here.
Mayor Michael Fougere is defending the city's plan to impose new utility connection fees for developments outside city limits despite criticism that the new charges could inhibit growth.
The city's executive committee on Wednesday passed a temporary policy that, if approved by city council, would hike the cost of hooking up to the city's water, waste water and storm water lines for developers and residents located outside Regina
Read the full article here.
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Inflation spikes up in Manitoba
The inflation rate rose twice as quickly in Manitoba compared to the rest of the country in June and economists say this province will see another hit in July with the effects of the one-percentage-point increase in the PST.
Statistics Canada reported the inflation rate -- or the consumer price index (CPI) -- rose 2.7 per cent last month in Manitoba, compared to 1.2 per cent in the rest of the country.
Read the full article here.
The inflation rate rose twice as quickly in Manitoba compared to the rest of the country in June and economists say this province will see another hit in July with the effects of the one-percentage-point increase in the PST.
Statistics Canada reported the inflation rate -- or the consumer price index (CPI) -- rose 2.7 per cent last month in Manitoba, compared to 1.2 per cent in the rest of the country.
Read the full article here.
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