Blog & News: Real Estate Market Blog

Canadian GDP Growth in Q3 November 30, 2011

Canadian economic growth rebounded strongly in the third quarter of 2011 following a slight contraction in Q2. Real GDP data released this morning showed that the economy grew a robust 3.5 per cent last quarter, propelled higher by surging exports. However, domestic demand moderated as consumers and businesses reigned in spending.

Our forecast is for economic growth to slow in the fourth quarter and through much of 2012, likely to an average rate of between 1.5 and 2.5 per cent. Slow growth in Canada and uncertainty in the global economy will keep inflation steady and allow the Bank of Canada to hold off on rate hikes through much of next year, with the potential for moderate tightening near the end of 2012.

Copyright British Columbia Real Estate Association. Reprinted with permission.
  Real Estate Informer Email Newsletter For the latest residential market information and statistics including useful tips for Buyers and Sellers, subscribe now!

First Name*
Last Name*
Email Address*
  
Quick Real Estate Search in the Vancouver-Tri-Cities Corridor:
Houses in Vancouver Townhomes in Vancouver Condos in Vancouver
Houses in Burnaby Townhomes in Burnaby Condos in Burnaby
Houses in Coquitlam Townhomes in Coquitlam Condos in Coquitlam
Houses in Port Moody Townhomes in Port Moody Condos in Port Moody
Houses in Port Coquitlam Townhomes in Port Coquitlam Condos in Port Coquitlam
Houses in New Westminster Townhomes in New West Condos in New West
Copyright © 2012 - David Reimers. All Rights Reserved. | Privacy Policy | Terms of Use


The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent.

This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

Contact the Web Developer