May 2014 B.C. Economic Fundamentals

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#21
CMHC says BC housing demand to grow





Demand for housing in British Columbia is expected to increase this year and next, driven by employment growth and an increasing population, according to the Canada Mortgage and Housing Corporation (CMHC).











The average price for home sales across the province is forecast at $550,400 in 2014, with an increase in higher-end here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#22
Unemployment in BC and Alberta increased by temporary foreign worker program





The unemployment rate in Alberta and British Columbia was accelerated over the last decade by changes to federal government policy, which made it easier for employers to hire temporary foreign workers (TFWs), says a recent C.D. Howe study.





`A temporary foreign worker program is unlikely to be a comprehensive solution to labour shortages,` said Dominique Gross, a professor in the school of public policy at Simon Fraser University.





Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#23
Housing report shows growth for PG





Prince George, B.C.- According to Canada Mortgage and Housing, housing starts, sales and prices in Prince George are forecast to increase.





Construction starts in Prince George are predicted to be up 2.6% this year over last, and the forecast if for a further 15% in 2015.





Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#24
Employment opportunities in northern BC projected to increase





Over one million jobs are expected to open up in B.C. by the end of this decade. And many of those will be in Central and Northern B.C., not in the Lower Mainland.





Some parts of the North are already feeling the demand for workers.





Read the full article here.