Major City Insights: Vancouver—May 2023

This quarter, we look at how higher interest rates are being felt throughout much of Vancouver’s economy.

To what extent will reduced purchasing power for consumers and higher borrowing costs for businesses slow the city’s economy? With mortgage rates expected to remain high in 2023, how much will the higher costs weigh on housing affordability and be a drag on new home construction?
We share our outlook for Vancouver’s economy, including GDP, employment, and population growth.

Read the online experience to get our full analysis.