7 March 2014
After the fourth quarter of 2013 showed greater economic growth than expected, and January reported a gain of 29,000 jobs, economists had predicted 15,000 new jobs in February.
Meanwhile, last month we saw an increase in full-time employment, but in comparison to the 175,000 job gain in the U.S. it was still not enough. In the end, the Canadian dollar fell.
We hope that job market was simply “frozen” due to the extremely cold winter and will pick up in coming months, since real estate market is very dependent on stable employment and income growth.