July 2020

Housing Market Continued Its Rebound in June and Early July

Posted on Jul 20, 2020

There was more good news today on the housing front. Home sales rebounded by a further 63% in June, returning them to normal levels for the month--150% above where they were in April when the pandemic-induced lockdown paralyzed the economy (see chart below). Data released this morning from the Canadian Real Estate Association (CREA) showed that for...

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Robust Jobs Report in June, Much Better Than Expected!

Posted on Jul 13, 2020

The June Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of June 14 to June 20. By that time, public health restrictions had been eased in most parts of the country. Tighter restrictions remained, however, in much of southwestern Ontario, including Toronto. Even though businesses reo...

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