Wednesday, August 22, 2012
BCREA report - Canadian retail sales
August 22, 2012
Canadian retail sales fell 0.4 per cent in June, missing the consensus forecast of a 0.1 per cent gain. Weakness in the retail sector was broad-based with 7 of 11 retail sub-sectors reporting lower sales. Adjusted for inflation, retail sales were down 0.1 per cent. Retail sales in British Columbia were even more disappointing in June, falling 1 per cent from May. However, through the first half of 2012 retail sales have grown 4.8 per cent, a significant improvement from 2 per cent growth at the half-way point of 2011.
June retail sales data is the last major data point to be released prior to Statistics Canada's release of second quarter Canadian Real GDP growth next Friday. Today's disappointing retail numbers puts our final tracking estimate of Canadian economic growth for the second quarter at 1.7 per cent.
Cameron Muir Brendon Ogmundson
Chief Economist Economist
Monday, August 13, 2012
Great new listing at 837 Old Lillooet Road, North Vancouver - Open house Sunday 19 August 2 - 4
SUNDAY 19 AUGUST, 2 -4 PM
WELL PRICED AT $493,000
Fabulous three level corner town home with private fenced yard. Bright spacious rooms, many upgrades, ample exterior storage in locker and storage unit in yard. Granite kitchen counters and new dishwasher, windows, furnace, boiler,bathroom and powder room plus sellers added stunning basins and shower in main bedroom to eliminate peak hour in the bathroom. Laminate flooring on the main level for your easy maintenance. Huge rec room on lower level can be used as 4th bedroom. Visitor parking for your guests and close to Superstore, highway, Capilano College, trails. An impressive home in great condition and ready for your move in!
Statistics of the REBGV for July 2012
The statistics are averages and do not apply equally to all areas.
In July 2012 the number of sales of all types of residential homes decreased by 18.4% compared to July 2011. The sales of condos and apartments decreased by 10.9% while the sales of detached houses decreased by 28.4%.
New listings decreased by 5.8% compared to July 2011 and by 14.5% compared to June 2012. The total number of listings was 18.8% higher than in July 2011 and 2.2% lower than on June 2012.
In July 2012 the benchmark price of all residential properties in Greater Vancouver was 0.6% higher than in July 2011. In the last twelve months the benchmark price of Vancouver houses increased by 1.4% while the benchmark price of Vancouver condos and apartments remained the same.
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