We expect British Columbia’s economy to grow by 1.2 per cent in 2024, 2.1 per cent in 2025, and 2.4 per cent in 2026. Economic growth will average 2.1 per cent per year in 2027 and 2028.
Will non-permanent resident growth moderate behind the provincial government’s cap on international post-secondary students, and will total population growth also slow between now and 2028? Will the labour market, which is expected to slow through the end of 2024 as the Bank of Canada’s monetary policy weighs on employment opportunities, pick up with more interest rate cuts? What is the outlook for housing starts with labour shortages in the trades and construction industries? And what is the overall business investment climate as construction of major projects approaches completion?
Read the online experience for the full analysis.
There are no reviews yet.