Robert Kavcic and Provinces

Ontario B.C.: Most of those were created in just two provinces, Ontario and B.C., but BMO senior economist Robert Kavcic points out job growth is actually even more concentrated than that. Vancouver and Toronto have created 171,000 net new jobs in the past year , while the rest of the country has lost 47,000, he wrote in the bank latest labour market report card, according to Huffington Post Canada. That right. Last week we reported on how utterly two-sided Canada job market has become, with only three provinces — Ontario, British Columbia and Quebec — adding jobs over the past year. Jobs — and with them, wealth — are flocking to just two metropolitan areas. That is putting serious upward pressure on house prices in these cities, National Bank economist Stefane Marion wrote in a client note last month. In fact, job growth in these two cities is ridiculously strong — up 5.5 per cent in Toronto and 4.4 per cent in Vancouver. (www.immigrantscanada.com). As reported in the news.