Canada’s Largest Real Estate Markets Are Still Far From Seeing Employment Recover

Posted by BetterDwelling

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Canada’s largest real estate markets aren’t even close to seeing employment recover. Statistics Canada (Stat Can) data shows the number of employed people in the country slipped in December. The largest real estate markets moved in various directions last month. However, all have significantly fewer jobs than they did last year.

Canadian Employment Slipped Lower In December

Canadian employment slid lower last month, causing a minor setback in the recovery. Stat Can estimates there were 18.59 million people employed in December, down 20,500 jobs (-0.11%) from the previous month. This represents a drop of 560,500 jobs (-2.93%), when compared to the same month last year. The decline is the first rollback since employment bottomed last June…CLICK for complete article