Abbotsford & Mission Real Estate Insider

Employment Can Affect Abbotsford|Mission Sales

1 Employment Affects Real EstateBCREA  ECONOMICS NOW (British Columbia Real Estate Association)

Canadian Employment – Micro Blog

For Abbotsford Realtors, Mission Realtors and local Real Estate owners & buyers, the Canadian employment declined by 11,000 jobs in August can affect local sales. Both full-time and part-time employment were down while total hours worked, which is closely associated with economic growth, was unchanged.  The national unemployment rate remained at 7 per cent.

  • BC economy add 1,800 hundred jobs in August
  • Year-to-date, employment in BC is up just 0.5 per cent

The BC economy eked out a modest 1,800 hundred jobs in August, however those gains were all in part-time work. Full-time employment declined by 14,400. In spite of slightly higher employment, the provincial unemployment rate ticked 0.2 points higher to 6.1 per cent as the number of people looking for work expanded by 8,200. Year-to-date, employment in BC is up just 0.5 per cent.

Our Micro Blog opinion in the office regarding this data is; Whne employment strengthens to any degree in BC it is positive for our local real estate market for buyers and sellers.

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