BCREA's latest economic release states that Canadian manufacturing sales increased 2.5 per cent in July to $53.7 billion, surpassing the previous record monthly dollar volume set in July 2008.  Sales were higher in 16 of 21 manufacturing sub-sectors.

In BC, manufacturing sales were up 0.2 cent on a monthly basis, and were 10.4 per cent higher year-over-year.   Through the first seven months of the year, manufacturing sales are 6.3 per cent higher than last year.


The durable goods sector, which includes wood products, mineral products and machinery and equipment manufacturing, has bounced back from a slow start, growing 2.8 per cent year-to-date. Non-durable goods like paper, clothing, and food manufacturing, have posted 10.6 per cent growth compared to 2013. 

The manufacturing sector is one of the largest employers in British Columbia. Growth in sales should help drive employment and household income gains in markets with a large manufacturing base, which in turn will ensure a strong local housing markets. 

September 16, 2014

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Please visit our Open House at 501 1406 HARWOOD ST in Vancouver.

Open House on Saturday, September 13, 2014 1:30 pm - 2:30 pm

Welcome home to architecturally award winning design Julia Court, a concrete lowrise with spacious open hallways. Enjoy living steps to the waterfront with a great water view, in Vancouver's historic West End, with Sunset Beach and StanleyPark, shopping and transportation at your doorstep. Walkscore 89. First time on the market, this amazing n.e. corner two bedroom and large solarium boasts 2 large outdoor sundecks totalling 455 sf. Bring your decorating ideas and make this amazing condo your own! Windows on 3 sides. Open house Saturday September 13th 1:30-2:30pm.

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September 4, 2014

 

The Bank of Canada once again opted to leave its target for the overnight rate unchanged at 1 per cent..

The Bank noted that though inflation is close to its 2 per cent target, the recent pick-up in inflation was largely due to temporary factors as the Bank anticipated.

In spite of stronger global and domestic economic growth last quarter, the Bank still expects excess capacity in the economy to be absorbed over the next 2 years and judges risks to its outlook to be balanced between higher inflation and still elevated household debt.

Therefore, the Bank remains neutral with respect to timing and direction of its next change to the policy rate.

Good news for Vancouver real estate buyers - take advantage of record low interest rates - 5 year term at 2.99%

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Please visit our Open House at 802 717 JERVIS ST in Vancouver.

Open House on Saturday, September 6, 2014 1:30 pm - 2:30 pm

Welcome home to Emerald West, the West End meets Coal Harbour. This very spacious and well laid out Northeast corner has a small waterview and a lovely treed outlook. This 2 bedroom boasts floor to ceiling windows and lots of naturallight. Separate bdrm offer privacy. Large living, dining and kitchen for entert, lots of storage and enclosed balcony. Enjoy indoor pool, gym, whirlpool and steam. Parking and locker included. Walk to the business district and enjoy the seawall, luxury shopping, restaurants, grocery stores and public transp at your doorstep. No pets, long term rentals only. Building has been replumbed, updated lobby & hallways. Bring your decorating ideas! Walk score 97. Easy to show! Open Sat, Sept 6 1:30-3:30.

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Please visit our Open House at 501 1406 HARWOOD ST in Vancouver.

Open House on Saturday, September 6, 2014 3:00 pm - 4:00 pm

Welcome home to architecturally award winning design Julia Court, a concrete lowrise with spacious open hallways. Enjoy living steps to the waterfront with a great water view, in Vancouver's historic West End, with Sunset Beach and StanleyPark, shopping and transportation at your doorstep. Walkscore 89. First time on the market, this amazing n.e. corner two bedroom and large solarium boasts 2 large outdoor sundecks totalling 455 sf. Bring your decorating ideas and make this amazing condo your own! Windows on 3 sides. Open House: Sat, Sept 6, 3-4pm.

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