AGP Executive Report
Last update: 3 minutes agoJobs & Macro: Canada added 88,000 jobs in May and cut unemployment to 6.6%, with gains concentrated in full-time work and sectors including construction, information, transportation and food services—though economists still warn trade uncertainty and a technical recession could keep pressure on hiring. B.C. Labour Market: B.C. added 25,200 jobs in May and held unemployment at 6.8%, with transportation/warehousing and accommodation/food services leading gains while building/support services and finance/real estate/rental/leasing fell. Housing Costs (Ontario): A guest submission argues Ontario’s commercial property assessment freeze still taxes owners on 2016 values, leaving office and retail assessments out of step with today’s market realities. Development Fees (CMHC): CMHC says cutting development charges in half could make more projects viable, boosting housing supply by about 5% in Toronto and Vancouver. Local Real Estate Planning: Norfolk County in Simcoe will factor neighbour concerns into a zoning change request for a proposed Fernwood Drive condo development. Construction Risk: Halifax residents were briefly evacuated after concerns about an unstable construction crane; repairs allowed people to return home. Community Land Transfer (Vancouver): The JCC of Greater Vancouver gifted its 3.3-acre Oakridge property to the JWest Foundation, setting up a campus plan that includes new rental homes and community facilities. North Bay Naming Rights: North Bay opened an RFQ for naming rights for its new net-zero carbon community recreation centre.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.