Market Update

BCREA ECONOMICS NOW

Canadian Manufacturing Sales - February 16, 2018

Canadian manufacturing sales ended 2017 on a down note, declining 0.3 per cent on a monthly basis after a nearly 4 per cent increase in November. The decline was the result of lower sales in the energy sector as well as declining sales in food manufacturing.

Sales were down in 11 of 21 manufacturing sub-sectors, representing 57 per cent of the manufacturing sector.  On a year-over-year basis, Canadian manufacturing sales were up 3.7 per cent over December 2016. 

In BC, manufacturing sales dipped 0.7 per cent on a monthly basis but were up close to 9 per cent year-over-year. For all of 2017, BC manufacturing sales rose 8.1 per cent with significant contributions from a diverse array of industries, most notably the forestry sector where sales of paper and wood products were up more than 9 per cent on an annual basis. Those gains helped drive employment and housing demand around the province as BC posted another stellar year of economic growth. 


For more information, please contact: 

Cameron Muir                                 Brendon Ogmundson
Chief Economist                              Economist
Direct: 604.742.2780                     Direct: 604.742.2796
Mobile: 778.229.1884                    Mobile: 604.505.6793
Email: cmuir@bcrea.bc.ca            Email: bogmundson@bcrea.bc.ca

The British Columbia Real Estate Association (BCREA) is the professional association for more than 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” 

BCREA makes no guarantees as to the accuracy or completeness of this information. 

    

Get In Touch

David Ming , MBA, RRC

Mobile: 778-316-6668

Phone: 604-263-8800

Fax: 604-263-0864

Email

Office Info

Royal LePage Westside

#201 - 2107 West 40th Avenue  Vancouver,  BC  V6M 1W4 

Stay Connected