A national index of online help-wanted ads in Canada, produced by global Internet recruiter Monster Worldwide, Inc., continued rising last month to reach 138, up seven points from September and up 44 per cent from a year earlier. It was also the highest reading since Monster started collecting data a year and a half ago.
Nine of 10 job classifications and seven of 10 provinces showed increases in online employment ads, it said, including ads for jobs in manufacturing, where thousands of jobs have been shed this year, and in Ontario, the province where many of those jobs have disappeared.
In fact, online demand for workers hit the highest level in Ontario since the survey started, while online job ads rebounded in Quebec, the other province which has been hit by the slump in manufacturing.
Demand was up for all occupations except in retail, with the biggest increase being in occupations in the social sciences and education, manufacturing, and business, finance and administrative.
The index is based on the number of online job postings on the Monster website as well as other online recruitment sites. In establishing the index for Canada which started in April 2005, the average number of postings over a 12-month period was established as the baseline of 100.
In contrast to Ontario and Quebec, online recruitment activity slipped in British Columbia, although demand for workers there remained 34 per cent higher than a year earlier.
The search for workers also edged up in Alberta and Manitoba, and in all the Atlantic provinces other than Prince Edward Island.
Alberta continued to have the hottest job market, once adjusted for the size of the market.
Eight of 13 cities tracked by the index also posted strong increases in online recruitment activity, including Toronto, Montreal, and Quebec City. However, the city with the hottest job market continued to be Calgary, followed by Edmonton.
The upbeat jobs report is good news for the housing market, which analysts say is being supported by strong employment and income growth.
While some of the steam has come out of the housing market, with the increase in prices from a year earlier slipping back into single-digits last month, it’s still hot, according to a report from the Canadian Real Estate Association, which showed home sales continued to edge ahead.
Home sales moved up a marginal 0.1 per cent in October from September to 27,225, and were 0.5 per cent higher than a year earlier, the industry association said.
And the average price of a home reached $301,516, up 9.6 per cent from a year earlier, although that was less than the double-digit increases posted in previous months.
Still, sales hit an all-time high last month in Edmonton and Saskatoon, and also rose in Toronto, Hamilton, and Quebec City, which offset fewer sales in Vancouver, Calgary, Ottawa, and Montreal.
So far this year, sales, which remain on track to reach a record high this year, were at all-time highs in Calgary, Edmonton, Saskatoon, Winnipeg, Ottawa, Montreal, Quebec City, Saint John, N.B., and several other cities.
The average selling price of a home was highest in Vancouver, at $548,022, up 20.3 per cent from a year earlier, while the steepest price increase was in Calgary, up 47 per cent to $374,067, followed by Edmonton, up 39.9 per cent to $276,641.
For more information about Ontario housing market go here - http://www.torontogreathomes.com
Toronto real estate. HOUSING MARKET FORECAST FOR 2007
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