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Canadian Employment

In their June 5, 2020 Economics Now release BCREA (BC Real Estate Association) reported on the employment levels for Canada and BC.

For Canada, employment grew by 290,000 jobs in May (1.8% over April) gaining back 10% of the jobs lost since the pandemic was declared.  Plus the number of workers who had their hours decreased decreased by almost 9%.  However, the unemployment rate rose by 0.7% to 13.7% since April as more people started to look for work.  Compared to May 2019, Canadian employment was down by 13.5% (-2.6 million).

Quebec represented almost 80% of the new employment with 230,900 jobs and Ontario, the only province with a loss, declined by 64,500 jobs.  The goods producing sectors such as construction and manufacturing reported stronger gains.  This resulted in men receiving a faster increase in employment than women.

BC showed a similar pattern in job increases, but with a different profile of the type of jobs.  Employment grew by 43,300 jobs in May (2% increase over April).  Like the country, unemployment increased by 1.9% to 13.4% as more people started to look for work.  Compared to May 2019, employment in BC was down 15.1% (-390k) jobs.

Almost all of the employment increases in BC were in the services sector.  These included accommodation and food services (12.4k), education (11.9k) and retail (11.8k).  This is consistent with phase 1 of the reopening which included lifting restrictions on non-essential services including retail, restaurants, non-medical health services and schools.


BCREA concludes with; "This is a good news report, as it appears we are on the path to a slow recovery.  That being said, any continued employment gains will depend on consumers' demand for goods and services, which is expected to be hampered by the still 350,000 unemployed individuals in BC since February.  Also, the rate of people returning to work will depend on their willingness to do so given ongoing health concerns."

     About Gerry                                         Service and Integrity Above All

Information and Interpretation
Selling or buying real estate is a major financial endeavour with many factors to consider. While you have a wealth of information available to you on the internet, interpreting that information is another matter.

This is where I come in. Not only do I research and provide you the information you need, I take it to the next level and analyze and interpret that  information for you. I will tell you what I think, what we do is up to you.


As a client, your Realtor works for you, and this is a principle I hold dear.  I see my job as providing you with information, interpretation, services and guidance, not to push you on a course of action.

Unparalleled Service
I have a simple code, I don't sell, I service. I assume my clients are perfectly able to make their own decision once they have the information they need. I spend my time providing information, guiding people through the process, and making sure all the bases are covered, not in high pressure sales.

Over the years I have received very complementary feedback from clients. See Client Feedback.

Integrity
Integrity, simply defined, is being honest and fair. This is further enhanced by one of a Realtor's prime duties, which is not to put anyone's interest above their clients, including their own.  This a duty I take very seriously. My personal outlook after over 30 years in business, is that whenever I experience high pressure sales I start to question the integrity of the person selling me.  Are they looking after my best interest or theirs?

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Blue illustration of Gerry Chwelos, Realtor, Pemberton Holmes.

Gerry Chwelos, REALTOR®

PEMBERTON HOLMES LTD.

Tel: 250-8975465

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Copyright © Gerry Chwelos 2017