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AGP Executive Report

Last update: 26 minutes ago

Jobs & 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.

AGP Wire

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Canada reports unexpectedly strong job growth, drop in unemployment

Canada reports unexpectedly strong job growth, drop in unemployment

Canada sees surprise jobs hike, unemployment rate drops

Canada sees surprise jobs hike, unemployment rate drops


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4 hours ago

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Jun. 4, 2026

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