Vancouver’s economy is slowing down following several years of exceptional growth. After expanding by nearly four per cent annually on average during the previous five years, the economy is expected to grow by three per cent in 2017 and a more modest 2.5 per cent in 2018.
This slowdown reflects the fallout from a cooler housing market, the impacts of increased protectionism in the U.S., a slightly higher dollar that makes exports more expensive and the city’s notoriously poor housing affordability. Job growth is expected to slow, but the unemployment rate will drop to about 5 per cent, and in-migration is forecast to hit an eight-year high in 2018.
Get the most detailed and up-to-date analysis of the economic outlook for Vancouver the Lower Mainland and British Columbia, all set within a national and international context, at the Western Business Outlook 2018: Vancouver.
This is the fourth year that the Conference Board will host a Western Business Outlook event in Vancouver.
This in-depth and detailed economic analysis is accompanied by a keynote address and a lively panel discussion with some of the region’s leading business people and policy-makers.
We’d like to thank our generous sponsors for their contribution to this event.
The details of this event are subject to change. Please revisit this page periodically for updated information.