September 2011 B.C. Economic Fundamentals
- Thread starter Ally
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Jobless rate increases in 'stalled' province
B.C.'s jobless rate rose to 7.5 per cent last month from 7.3 per cent in July as the province waved goodbye to 6,000 jobs.
Full-time employment in B.C. dropped by 12,500 persons, while part-time expanded by 6,500 persons, Statistics Canada said in its latest labour-force survey.
TD Bank said year-over-year job creation in B.C., Manitoba and Saskatchewan "has essentially stalled".
Read the full article here.
B.C.'s jobless rate rose to 7.5 per cent last month from 7.3 per cent in July as the province waved goodbye to 6,000 jobs.
Full-time employment in B.C. dropped by 12,500 persons, while part-time expanded by 6,500 persons, Statistics Canada said in its latest labour-force survey.
TD Bank said year-over-year job creation in B.C., Manitoba and Saskatchewan "has essentially stalled".
Read the full article here.
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Rental buildings a hot trend for investors, report finds
A new study suggests Metro Vancouver apartment rental buildings are increasingly a hot item for investors despite rising vacancy rates.
"Demand for multi-family residential rental properties remains insatiable for a number of fundamental reasons," Michael Keenan, managing director of Avison Young, Metro Vancouver, said Monday in reference to his commercial real estate services company's Summer/Fall 2011 B.C. Multi-Family Investment Report.
"Apartment buildings are a lowrisk investment, offer secure income streams and are the most easily financed commercial real estate commodity of all, thanks to rates guaranteed by the Canada Mortgage and Housing Corporation."
Read the full article here.
A new study suggests Metro Vancouver apartment rental buildings are increasingly a hot item for investors despite rising vacancy rates.
"Demand for multi-family residential rental properties remains insatiable for a number of fundamental reasons," Michael Keenan, managing director of Avison Young, Metro Vancouver, said Monday in reference to his commercial real estate services company's Summer/Fall 2011 B.C. Multi-Family Investment Report.
"Apartment buildings are a lowrisk investment, offer secure income streams and are the most easily financed commercial real estate commodity of all, thanks to rates guaranteed by the Canada Mortgage and Housing Corporation."
Read the full article here.
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Gas to ease sting of B.C.'s rejection to HST
British Columbia's rejection of the harmonized sales tax could turn out to be an indirect boon for energy developers.
As the province tries to stimulate the economy, create jobs and find new sources of revenue following last month's rejection of the HST, plans to speed up exports of natural gas to Asia figure prominently in a jobs strategy being rolled out by Premier Christy Clark this week. The full strategy will be presented by the Premier Thursday in a speech to the Vancouver Board of Trade.
In an interview Wednesday, Pat Bell, the Minister of Jobs, Tourism and Innovation, said the plan is based on nurturing core industries that have a reasonable chance of success, ensuring the infrastructure is in place, then working hard to market their products overseas. Bell led a successful campaign in the past decade to open new markets in China for B.C. lumber.
Read the full article here.
British Columbia's rejection of the harmonized sales tax could turn out to be an indirect boon for energy developers.
As the province tries to stimulate the economy, create jobs and find new sources of revenue following last month's rejection of the HST, plans to speed up exports of natural gas to Asia figure prominently in a jobs strategy being rolled out by Premier Christy Clark this week. The full strategy will be presented by the Premier Thursday in a speech to the Vancouver Board of Trade.
In an interview Wednesday, Pat Bell, the Minister of Jobs, Tourism and Innovation, said the plan is based on nurturing core industries that have a reasonable chance of success, ensuring the infrastructure is in place, then working hard to market their products overseas. Bell led a successful campaign in the past decade to open new markets in China for B.C. lumber.
Read the full article here.
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- 16,743
Premier unveils new tax incentives
SURREY (NEWS1130) - Premier Christy Clark is rolling out three new tax incentives to try to spur business growth in BC.
Speaking to a friendly crowd at the Surrey Board of Trade on Day Three of her jobs plan tour, Clark says the province is putting another $3 million into the small business venture capital tax credit and extending the apprenticeship tax credit for another three years.
"The minister of finance will be appointing a panel to review BC taxes, to see how we can support business competitiveness and economic growth to enable job creation," she adds.
Read the full article here.
SURREY (NEWS1130) - Premier Christy Clark is rolling out three new tax incentives to try to spur business growth in BC.
Speaking to a friendly crowd at the Surrey Board of Trade on Day Three of her jobs plan tour, Clark says the province is putting another $3 million into the small business venture capital tax credit and extending the apprenticeship tax credit for another three years.
"The minister of finance will be appointing a panel to review BC taxes, to see how we can support business competitiveness and economic growth to enable job creation," she adds.
Read the full article here.