It's all over the media. Employment increased for the second consecutive month, up 31,000 in September, driven by large full-time gains.
The unemployment rate fell to 8.4%, the first monthly decline since the beginning of the labour market downturn in the fall of 2008.
September's full-time increase of 92,000, the larges since May 2006, was partially offset by part-time losses of 61,000. The increase in full-time work was mainly among youths and women aged 25 and over and in Ontario.
Construction, Manufacturing and Educational Services saw employment increases in September, while there were declines in Transportation and Warehousing.
Manufacturing employment increased by 26,000, in construction it rose again in September, +25,000 and employment in Educational Services saw a gain of 18,000.
In Transportation and Warehousing jobs were lost by 21,000 in September, mostly in Truck Transportation in Ontario and Quebec.
Friday, October 9, 2009
Wednesday, October 7, 2009
... and the Housing Market Stays the same: Hot
The Greater Toronto Realtors reported 8,196 sales in September 2009, up 28% from September 2008.
The average price for September transactions was $406,877 - up by 10% compared to the same month last year.
We've experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results.
Consumers have remained confident in ownership housing as a long-term investment. Year-to-date sales, at 66, 437 were up 4.5% compared to the first 9 months of 2008. Average price, at $388,417 was up by almost 1.5%.
Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB (Toronto Real Estate Board) market area.
The average price for September transactions was $406,877 - up by 10% compared to the same month last year.
We've experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results.
Consumers have remained confident in ownership housing as a long-term investment. Year-to-date sales, at 66, 437 were up 4.5% compared to the first 9 months of 2008. Average price, at $388,417 was up by almost 1.5%.
Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB (Toronto Real Estate Board) market area.
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