Strong Wage Growth Driving Up Inflation and Consumption: British Columbia’s Five-Year Outlook

False Creek area that runs along the southern edge of downtown Vancouver, British Columbia

Strong Wage Growth Driving Up Inflation and Consumption: British Columbia’s Five-Year Outlook

Provincial
Pages:13 pages15 min read

Author: The Conference Board of Canada

$705.00

This quarterly economic forecast for British Columbia examines the economic outlook for the province, including gross domestic product (GDP), output by industry, and labour market conditions.

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This quarter, we consider the economic outlook for British Columbia over the next five years, in light of strong population growth, a tight labour market, and high interest rates.

How does the composition of B.C.’s expanding population affect employment levels and wage growth? Will enough housing be built to keep up with population growth and make home prices more affordable? We share our forecast for B.C.’s economy, including consumer spending and industrial growth.

Read the issue briefing to get our full analysis.

Key findings
British Columbia snapshot
Overview
Labour
Consumption
Housing
Business investment
Industry
Methodology

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