A bit of relief this past Friday with both a potential resolution to the Euro-crisis as well as news that the US economy grew 2.5 per cent in the third quarter, thereby quieting some of the talk of a double-dip recession.

 

US real GDP growth was fairly broad based, with major contributions from consumer spending (up 2.4 per cent), exports (up 4 per cent) and a big jump in business investment. Even more impressive, the US managed  to record decent growth while  consumer and business confidence was being battered by political and financial market    volatility. 


Still, we will need to see both a sustained and higher rate of growth south of the border before that economy, and ours, are securely out of the woods.  For now, Friday’s news is a welcome change from the dire stream of data we have unfortunately become accustomed to, and may mean that the outlook for economic growth in BC and  Canada has become slightly brighter.

 

 “Copyright British Columbia Real Estate Association. Reprinted with permission.”

 


Read full post
Categories:   Ambleside, West Vancouver Real Estate | Arbutus, Vancouver West Real Estate | Bolivar Heights, North Surrey Real Estate | Bowen Island, Bowen Island Real Estate | British Properties, West Vancouver Real Estate | Burnaby Lake, Burnaby South Real Estate | Cambie, Vancouver West Real Estate | Central BN, Burnaby North Real Estate | Central Lonsdale, North Vancouver Real Estate | Coal Harbour, Vancouver West Real Estate | Downtown VW, Vancouver West Real Estate | Dunbar, Vancouver West Real Estate | Economic News | Fairview VW, Vancouver West Real Estate | False Creek, Vancouver West Real Estate | Forest Glen BS, Burnaby South Real Estate | Fraser VE, Vancouver East Real Estate | Fraserview VE, Vancouver East Real Estate | Government Road, Burnaby North Real Estate | Grandview VE, Vancouver East Real Estate | Hastings, Vancouver East Real Estate | Hawthorne, Ladner Real Estate | Highgate, Burnaby South Real Estate | January 2013 | January 2017 Update | June Report 2011 | Kerrisdale, Vancouver West Real Estate | Killarney VE, Vancouver East Real Estate | Kitsilano, Vancouver Real Estate | Kitsilano, Vancouver West | Kitsilano, Vancouver West Real Estate | Lions Bay Real Estate | Lions Bay, West Vancouver Real Estate | Lower Lonsdale, North Vancouver Real Estate | Lynn Valley, North Vancouver Real Estate | MacKenzie Heights, Vancouver West Real Estate | Main, Vancouver East Real Estate | Marpole, Vancouver West Real Estate | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West Real Estate | North Shore Pt Moody, Port Moody Real Estate | Oakridge VW, Vancouver West Real Estate | Oakridge, Vancouver West Real Estate | Oakridgr, Vancouver West Real Estate | Qualicum North Real Estate | Quilchena, Vancouver West Real Estate | Real Estate Stats for Vancouver from June 2011 | Real Estate Update for August 2011 | Real Estate Update for Vancouver October 2011 | Renfrew Heights, Vancouver East Real Estate | Renfrew VE, Vancouver East Real Estate | S.W. Marine, Vancouver West Real Estate | September 2011 Real Estate Update | Shaughnessy, Vancouver West Real Estate | South Vancouver, Vancouver East Real Estate | Southlands, Vancouver West Real Estate | Upper Lonsdale, North Vancouver Real Estate | Vancouver Real Estate | Vancouver West Real Estate | Victoria VE, Vancouver East Real Estate | West End VW, Vancouver West Real Estate | Yaletown, Vancouver West Real Estate
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® 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 either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.