In this annual report, we explore the impacts of British Columbia’s declining population growth, the prospects for the province’s trade, labour, and housing markets, and the outlook for the transportation and tourism industries.
With its aging population, the province’s natural rate of population growth continues to fall. Given British Columbia’s high cost of living, can the province attract and retain the younger people it needs to drive an increased labour force participation rate? How big a role will international migration play? Will the shift toward a service-based economy continue, and what does this mean for business investment? We share our outlook for British Columbia’s economy, including GDP and labour market dynamics.
Read the online experience to get our full analysis.
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