Canada’s unemployment rate has dropped to 10.9 percent after introducing 419,000 jobs in July.

Canada’s unemployment rate has dropped to 10.9 percent after introducing 419,000 jobs in July.

  • Business
  • Canada
August 17, 2020

Statistics Canada has been conducting labour force surveys monthly for all households. It is reported that May (290,000), June (953,000) and July(419,000) jobs added to the market still leaves Canada 1.3 million jobs fewer compared to February of this year before the lockdowns began. The good news is that the labour market has returned to 93 capacity.

Most job loses from the service sector due to lower store capacity requires less worker. On the other hand, online businesses and delivery has grown. Despite the statistics, Canada doing recovering at a good pace. Unemployment rate was 5.6% in February, we are only 5.3% apart from normal level after bringing the rate down from 13.7% to 10.9% in three months.

However, only 73,000 were full-time positions and 345,000 of the new jobs are part-time. The distribution of these new jobs is unequal between provinces. Ontario created 151,000 new jobs, Quebec with 98,000, B.C with 70,000 and Alberta with 68,000. The difference between provinces accounts for the different in job creation: reopen date, industry, population, and more.

The concerns rise as the quality and longevity of the jobs being added to the market. One out of five Canadians are still receiving CERB benefit because their income was significantly reduced.

Info from Statistics Canada:

  • In all age groups, men are closer to pre-shutdown employment levels than women.
  • Unemployment rate reached record high in May
  • Temporary layoffs decline while employment increases
  • Canadian become more engaged in labour marketing looking for a job
  • More Canadians working at locations other than home after protective measure in place
  • Employment rebound in food service and retail trade
  • Youth employment records strong gain, but remain far below pre-covid level
  • Job market for returning student worse than one year ago
  • Employment rate up among recent immigrants
  • Comparable employment recovery between aboriginal and non-aboriginal peoples

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.