Closed Off, Burning Up, and Running Short: British Columbia’s Three-Year Outlook

This issue briefing examines the business and industry outlook for the Province of British Columbia for the next three years. It includes a forecast for the province’s economic indicators and compares its GDP against the country’s overall.

Will the momentum behind the province’ economic growth wane as the effects of higher interest rates take hold? Will B.C.’s Consumer Price Index grow, even as consumer price pressures persist? Can real household spending growth grow in the next three years? And as work on B.C.’s major non-residential investment projects winds down, how will this affect real non-residential investment in 2023 and 2024? British Columbia is striving to expand the supply of housing, and though housing starts will grow by 8.1 per cent in 2023, will this pace continue heading into 2024 and 2025?

Read the issue briefing to get our full analysis.