Economics

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B.C. economy faces the ripple effect of the housing downturn

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B.C. Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends, the macro economic environment, population growth and employment. BRITISH COLUMBIA, March 14, 2019 - B.C.’s economy will face weak economic growth for the next three years due to the ripple effect of the housing market downturn, according to the latest Central 1 Credit Union...

Housing market in B.C. to remain subdued following policy-induced housing sector recession

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B.C. Housing Forecast Update 2018 – 2021 The report covers regional and provincial residential investment and the rental market BRITISH COLUMBIA, December 18, 2018 - Potential home buyers and sellers lose out in B.C.’s housing market in 2018 as federal and provincial rules contribute to a mild provincial housing recession, according to the latest Central 1 Credit Union (Central 1)...

Ontario Housing Forecast 2018-2020: Home buyers forced onto the sidelines, while rental market conditions tighten

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New Ontario Housing Forecast 2018 – 2020 The report covers regional and provincial economic residential investment and construction, rental market and employment. ONTARIO, November 22, 2018 – Ontario’s housing market momentum has deteriorated as potential buyers are forced onto the ‘homeownership sidelines’ as they adapt to 2018’s new policies, according to Central 1 Credit Union’s (Central 1) latest Ontario Housing...

BC’s northern communities set to boom as housing slowdown erodes provincial gains

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New BC Economic Outlook Report 2018 – 2020 The report covers regional and provincial economic and population growth, employment and residential investment. BRITISH COLUMBIA, November 20, 2018 – Northern BC’s economy is set to boom in 2019 and 2020, as economic fortune shifts from the rest of the province to the north, according to the latest Central 1 Credit Union...

Ontario economy expected to slow as consumer demand stumbles, according to new Central 1 report

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New Ontario Economic Outlook Report 2018–2020 Ontario’s economy slows and is expected to grow less than two per cent annually in 2019 and 2020, according to the latest Central 1 Credit Union (Central 1) forecast. The Ontario Economic Forecast Update 2018-2020 report looks at residential investment, employment, economic and population growth, as well as trade. “Lacklustre trade performance, less residential...

B.C. growth to slow, but remain strong through 2021, Central 1 forecasts

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New B.C. Economic Outlook Report 2018 - 2021 VANCOUVER, August 22, 2018 – After a stellar run over the past four years in which the economy expanded by more than 3.5 per cent annually, British Columbia’s growth will slow over the next four years but still maintain moderate growth, according to the latest Central 1 Credit Union (Central 1) forecast....

Ontario’s economic growth expected to slow through 2020, Central 1 forecasts

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New Ontario Economic Forecast 2018 - 2020 VANCOUVER, July 10, 2018­  – Ontario’s economy is entering a slowdown that’s expected to last through 2020 according to the latest forecast from Central 1 Credit Union (Central 1). Less residential investment spending, restrained consumer spending, range-bound trade performance, and slower population growth, combined the effects of U.S. trade restrictions which have the...

Slower sales volume and price growth forecast in B.C. through 2020 on tighter credit conditions, Central 1 forecast

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New B.C. Housing Outlook Report 2018 - 2020 VANCOUVER – B.C. can expect slower housing market sales volume and price growth through 2020 due to policy constraints, higher mortgage rates and deceleration in economic growth, according to the latest Central 1 Credit Union (Central 1) forecast. “As expected, the housing market has seen a pronounced shift in 2018 with introduction...