Property Vacancy | Trinity Real Estate Consultants Blog

Monday, March 20, 2023   /   by Matthew Daniel Tamburello

Real Estate Investors: Canada’s Job Market Is Changing Fast As Vacancies Fall Sharply!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Considering a new job? Might want to start applying, because the balance might shift back to employers soon. Statistics Canada quarterly data shows a substantial decline in both vacant job listings and the job vacancy rate in Q4 2022. Despite the quick move, diving into the monthly numbers shows a higher-level may downplay just how rapidly Canada’s vacant jobs are vaporizing.
Canadian Job Vacancies Reveal A Sharp Quarterly Decline
Canada’s job vacancies are coming down fast from the peak reached less than a year before. Vacant roles fell 8.2% (-78,600 jobs) to 885,900 roles in the fourth quarter of 2022. This brings the vacancy rate down 0.5 points to 4.9%—a sharp decline for just a few months. Both the number of vacant roles and the rate are the lowest since Q2 2021.
It’s A Different Market From Peak, But Vacancies Are Elevated
Canada’m ...

  real estate, tamburello, the tamburello team, team, is it a good time to sell a house, selling a house, best time to sell a house, how much do realtors charge to sell a house, home buying programs, interest rates, real estate investing, buying a second home, how long does it take to sell a house, how to buy a home, how much does it cost to sell a house, how soon can you sell a house after buying it, prequalified buyer, mortgage preapproval, investing, canada’s job market, job vacancies, property vacancy, real estate vacancies
Matthew Daniel Tamburello
Team Leader & Broker
Right at Home Realty, Brokerage

Data is provided courtesy of Information Technology Systems Ontario, Inc
Copyright 2024 Information Technology Systems Ontario, Inc.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information deemed reliable but not guaranteed.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated July 18, 2024
This site powered by CINC: