Economics

Central 1  /  Economics

B.C. housing market to remain strong until mid-2021, buoyed by ‘rock bottom’ rates

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Vancouver, B.C., December 21, 2020­ – B.C. home sales remain exceptionally strong as 2020 draws to a close and continued sales growth is expected into 2021, driven by low interest rates, according to Central 1 Deputy Chief Economist, Bryan Yu in his latest B.C. Housing Outlook: 2020-2022. “The rebound in housing demand from pandemic-induced lows in the spring has been spectacular,”...

A tempered and uncertain recovery begins in Ontario

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Toronto, O.N., June 11, 2020­ –  Ontario faces an uncertain economic recovery as it gradually resumes business activity amidst a COVID-19 induced recession which saw 1.1 million jobs lost in Ontario between January and April, according to Central 1 Regional Economist Edgard Navarrete. In Central 1’s latest Ontario Economic Analysis, Navarrete outlines that the province’s annual real gross domestic product...

Better days ahead, despite COVID-19 economic woes

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Like the majority of my Central 1 colleagues (and workforces right across the globe), I’ve spent the past eight weeks becoming accustomed to the ‘new normal’ brought about by the COVID-19 pandemic.  As I work from home, conduct media interviews from my living room with Moana playing in the background and prepare breakfast for my daughters while ruminating on this recession which is like no other, I remain hopeful for better days...

Central 1 report finds B.C. economy affected by fragile global economy

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B.C. Economic Outlook 2019 – 2022 BRITISH COLUMBIA, August 15, 2019 - B.C.’s economy proves it is not immune to the fragile state of the global economy as it suffers the flow-on effects of weakening trade, growth expectations and investment, according to Central 1’s latest B.C. Economic Outlook. Central 1 Deputy Chief Economist, Bryan Yu, said that external global trade...

Central 1 report finds slower growth for Ontario housing market

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Ontario Housing Forecast 2019-2021 The report covers regional and provincial economic housing activity related to residential investment, employment,  federal mortgage policies and external trade influences. ONTARIO, CANADA, July 24, 2019 -- Ontario’s housing market will grow modestly over the forecast period due to the lingering effects of restrictive, federal mortgage policies and external geopolitical trade uncertainty, according to Central 1...

Ontario’s tech hubs sheltered from economic slowdown in 2019

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Ontario Regional Economic Outlook 2019 – 2020 Central 1's latest report provides a deep dive into current regional economic trends; innovative areas sheltered from economic slowdown ONTARIO, CANADA, June 6, 2019 - Ontario’s tech hubs and diverse economic regions will withstand the economic slowdown sweeping the rest of the province through to 2020, according to the latest Central 1 Credit...

B.C.’s first house price drop since 2012 will leave sellers sour

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B.C. Resale Market Housing Outlook 2019-2021 British Columbia, Tuesday May 28 - B.C.’s annual median house price will decline for the first time since 2012 and ongoing sluggishness will leave sellers sour until 2021, according to Central 1 Credit Union’s (Central 1) latest B.C. Resale Housing Market Outlook 2019 – 2021. Central 1’s Deputy Chief Economist, Bryan Yu, said Metro...

Ontario’s economy to slow for the next three years, according to Economic Outlook 2019 to 2021

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Ontario Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends; predicts economic slowdown largely attributed to external factors ONTARIO, CANADA, March 21, 2019 - Ontario’s economy will face slower economic growth for the next three years due to domestic and external factors, according to the latest Central 1 Credit Union (Central 1) forecast. Central...