The Daily Tuesday, July 21, 2020
Press Release
Retail trade, May 2020
Retail sales were up 18.7% in May to $41.8 billion. Motor vehicle and parts dealers led the growth, followed by an increase in sales in almost all other subsectors. Although sales increased in May, retail sales remain 20.0% below February levels.
Investment in building construction, May 2020
Total investment in building construction increased 60.1% to $13.4 billion in May, partially rebounding from large declines in April.
New Housing Price Index, June 2020
New house prices edged up 0.1% at the national level for the second consecutive month in June.
Biannual Survey of Suppliers of Business Financing, second half of 2019
The total value of outstanding credit granted to Canadian corporations at the end of the second half of 2019 was $984.9 billion, up $27.2 billion (+2.8%) from the first half of 2019. Compared with the same period in 2018, total business credit outstanding increased by $66.7 billion.
Study: Price trends and outlook in key Canadian housing markets
Demand outpaced supply in most key housing markets until mid-March 2020, spurred by economic growth, a low unemployment rate and population increase largely from immigration.
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