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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...

Better days ahead, despite COVID-19 economic woes

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Like the majority of my Central 1 colleagues (and workforces right across the globe), I’ve spent the past eight weeks becoming accustomed to the ‘new normal’ brought about by the COVID-19 pandemic.  As I work from home, conduct media interviews from my living room with Moana playing in the background and prepare breakfast for my daughters while ruminating on this recession which is like no other, I remain hopeful for better days...

B.C. enters economic downturn on Covid-19 impacts, more uncertainty ahead

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B.C. enters economic downturn on Covid-19 impacts, more uncertainty ahead Global economy in uncharted waters, authorities act to stem downturn The global economy is in uncharted territory as the direct shock and efforts to stem the effects of the Covid-19 pandemic has pushed economy into a recession. Initial hopes that massive containment measures by Chinese authorities would isolate the virus...

Ontario’s economy to slow for the next three years, according to Economic Outlook 2019 to 2021

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Ontario Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends; predicts economic slowdown largely attributed to external factors ONTARIO, CANADA, March 21, 2019 - Ontario’s economy will face slower economic growth for the next three years due to domestic and external factors, according to the latest Central 1 Credit Union (Central 1) forecast. Central...

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...

BC’s northern communities set to boom as housing slowdown erodes provincial gains

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New BC Economic Outlook Report 2018 – 2020 The report covers regional and provincial economic and population growth, employment and residential investment. BRITISH COLUMBIA, November 20, 2018 – Northern BC’s economy is set to boom in 2019 and 2020, as economic fortune shifts from the rest of the province to the north, according to the latest Central 1 Credit Union...

Ontario economy expected to slow as consumer demand stumbles, according to new Central 1 report

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New Ontario Economic Outlook Report 2018–2020 Ontario’s economy slows and is expected to grow less than two per cent annually in 2019 and 2020, according to the latest Central 1 Credit Union (Central 1) forecast. The Ontario Economic Forecast Update 2018-2020 report looks at residential investment, employment, economic and population growth, as well as trade. “Lacklustre trade performance, less residential...

B.C. growth to slow, but remain strong through 2021, Central 1 forecasts

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New B.C. Economic Outlook Report 2018 - 2021 VANCOUVER, August 22, 2018 – After a stellar run over the past four years in which the economy expanded by more than 3.5 per cent annually, British Columbia’s growth will slow over the next four years but still maintain moderate growth, according to the latest Central 1 Credit Union (Central 1) forecast....

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...