Saturday, November 09, 2013

BC Employment October 2013

Below are some graphs highlighting Vancouver's and BC's employment situation. Here are the historical employment, participation, and unemployment rates (CANSIM tables 282-0117 and 282-0087) (click on chart for larger image)

American economics blogger Calculated Risk looks at employment from the point of view of participation rate for the 25-54 age cohorts and the so-called "employment to population ratio", the ratio of those employed to the population. Below is BC's participation rate and employment-population ratio for the 25-54 cohort:

Somewhat of a surprise was graphing Canada's participation rate and employment-population ratio compared to the US. Here I quickly overlaid Calculated Risk's US graph with the Canadian one, again for the 25-54 age cohort:

Since 2002 there has been a marked divergence in the countries' participation rates and a reversal of the countries' employment-population ratio differential.

Tuesday, November 05, 2013

Greater Vancouver Market Snapshot October 2013

Below are updated sales, inventory, months of inventory, and sell-newlist ratio graphs for Greater Vancouver to October 2013. (see REBGV news releases) (click on image to enlarge)

The scatterplot of 6 month price changes and months of inventory is below. The most recent datum is the brown dot at about (MOI=6.3,price_change=2%) . The trend is roughly in line with past years.

My estimates for October were for inventory of 15605 (actual 15257) and sales of 2657 (actual 2661) based on estimating average changes from September of years 2005-2012. Using the same technique estimates inventory and sales for November of 13968 and 2185 respectively (MOI=6.4).