As the Other Shoe Drops: British Columbia’s Three-Year Outlook

This quarter, we look at the effect of rising interest rates on housing markets, business investment, and household spending in B.C.

How much will consumers’ attempts to rein in their spending weigh on the province’s GDP growth? Labour demand will cool in line with the slowing economy, but to what extent will B.C.’s tight labour market be insulated from job losses? We share our forecast for B.C.’s economy over the next three years, including gross domestic product, jobs, tourism, forestry, and international trade.

Read the issue briefing to get our full analysis.