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B.C.’s economic recovery led by private sector growth and robust real estate market, while dependent on pandemic trajectory and global economic landscape

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Vancouver, B.C., October 21, 2021 – Highlights: B.C.’s economic recovery pace dependent on the evolution of the pandemic and a resolution of supply chain disruptions; Private sector to lead province’s economic growth with technology and professional services to excel; Real estate market to remain robust as demand continues, but home sales to decline by 15 per cent in 2022 after...

B.C. economy faces the ripple effect of the housing downturn

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B.C. Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends, the macro economic environment, population growth and employment. BRITISH COLUMBIA, March 14, 2019 - B.C.’s economy will face weak economic growth for the next three years due to the ripple effect of the housing market downturn, according to the latest Central 1 Credit Union...

Slower sales volume and price growth forecast in B.C. through 2020 on tighter credit conditions, Central 1 forecast

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New B.C. Housing Outlook Report 2018 - 2020 VANCOUVER – B.C. can expect slower housing market sales volume and price growth through 2020 due to policy constraints, higher mortgage rates and deceleration in economic growth, according to the latest Central 1 Credit Union (Central 1) forecast. “As expected, the housing market has seen a pronounced shift in 2018 with introduction...