Canada building permits spike 13.8% in May – Ask a Vancouver Mortgage Broker

OTTAWA — Statistics Canada says municipalities issued building permits worth $6.9 billion in May, up 13.8% from April. The agency says the increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British Columbia. It says the total value of permits has been […]

Canadian wage gains outpace inflation

ORA MORISON The Globe and Mail On average, Canadians brought home more cash in May, and earnings continued to grow faster than inflation. Statistics Canada reported Thursday that average weekly earnings crept up 0.5 per cent in May compared with April, and that gains were felt in all provinces. The average worker made $894.61 per week — […]