Economic Indicators
INSIGHTS AND COMMENTS
• The five-year posted rate increased to 6.84 percent at
the end of the quarter.
• Canada’s consumer price index increased by 2.9 percent
from Q1-2023 to Q1-2024, while Metro Vancouver’s CPI
increased by 2.8 percent over that period.
• Metro Vancouver’s labour force in Q1-2024 totaled
1,706,200, a 0.5 percent decrease from the previous
quarter but a 3.8 percent increase from Q1-2023.
• Metro Vancouver’s unemployment rate declined to
5.4 percent in Q1-2024, a 8.5 percent decrease from
the previous quarter but a 10.2 percent increase from
Q1-2023.
• Based on the most recent data available (Q4-2023), just
above $27.1 billion worth of retail sales were recorded
in Canada over Q4-2023, which was 0.4 percent lower
than the previous quarter but 6.8 percent higher than
the same quarter last year.
• The most recent data available (Q4-2023) shows an
increase in Canada’s GDP to around mid $2.3 trillion at
the end of the quarter. This total was an increase of 7.8
percent when compared to the same quarter last year.