VANCOUVER ISLAND BUSINESS NEWS

BCREA 2024 REAL ESTATE FORECAST

BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) released its 2024 First Quarter Housing Forecast Update showing Multiple Listing Service® (MLS®) residential sales in BC are...

BCREA: BANK OF CANADA MAINTAINS POLICY RATE

BRITISH COLUMBIA - The Bank of Canada maintained its overnight rate at 5 per cent this morning.  In the statement accompanying the decision, the Bank noted that the Canadian economy has stalled...

ICBA: BC FORESTRY BEING CHOPPED DOWN BY GOVERNMENT

By Jock Finlayson, ICBA Chief Economist BRITISH COLUMBIA - The forest products sector has long served as both B.C.’s leading source of exports and a foundation for jobs and other economic activity...

NOVEMBER CANADIAN RETAIL SALES

BRITISH COLUMBIA - Canadian retail sales fell 0.2 per cent in November to $66.6 billion. Excluding volatile items, sales were down 0.6 per cent month-over-month. In volume terms, retail sales...

PROVINCE OF BC BOLSTER’S MANUFACTURING

BRITISH COLUMBIA - The Government of BC is taking proactive measures to foster new employment opportunities in the resource sector. Through the BC Manufacturing Jobs Fund (BCMJF), the government is...