Major City Insights: Vancouver—Autumn 2021

The Conference Board of Canada, October 1, 2021
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Thanks to COVID-19 vaccines and reduced public health restrictions, economic momentum in major cities across the country is building. Vaccine passes will help to prevent new restrictions, but the presence of variants is still a downside risk to our outlook.

Document Highlights

  • With Vancouver’s pulse starting to quicken in the latter half of 2021, we expect the city’s real GDP will grow by 6.8 per cent this year.
  • Public health officials hope B.C.’s new vaccine card requirement to access various indoor services and organized events will contain the spread of COVID-19 enough for the province to enter the fourth and final step of its reopening plan and reassess its renewed mask mandate for public spaces.
  • Still, the city’s tourism industries are starting to recover, as restrictions remain less stringent than they were earlier this year and with the border open to fully vaccinated Americans entering Canada for non-essential travel in August.
  • Vancouver has felt some of the economic impacts of B.C.’s severe heat and wildfires this year, including damage to rail infrastructure in the Interior that led to backlogs and delays at the Port of Vancouver in July.

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