Nanaimo has enjoyed solid economic growth since 2015, and employment growth has averaged more than 1 per cent annually since 2009. But there are clouds on the horizon, both domestic and international, and British Columbia’s economy is expected to grow at a slower pace than in recent years.
Real estate has been a source of wealth throughout British Columbia for a number of years, but housing starts province-wide are expected to decline. The slump in housing activity will have repercussions for employment, income, and household spending. The provincial forestry industry will also struggle, dragged down in part by the U.S. decision to impose duties on softwood lumber. B.C.’s liquid natural gas (LNG) sector is also undergoing uncertainty.
Get the most detailed and up-to-date analysis of the economic outlook for Nanaimo, Vancouver Island and British Columbia, all set within a national and international context, at the Western Business Outlook 2018: Nanaimo.
This is the third year that the Conference Board has hosted a Western Business Outlook event in Nanaimo.
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.
The Western Business Outlook in Nanaimo promises to be the premier economic forecasting event on the island this year.
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.