The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for August is -2.7 per cent. For comparison, the Canadian economy contracted 3.8 per cent year-over-year in August.We have also included a preliminary estimate for September 2020 of -1.6 per cent. While year-over-year growth remains negative, the rate of decline is slowing and the current trajectory of the Nowcast, if sustained, would see positive year-over-year growth by the end of year.Download the full report (PDF)

For more information, please contact:

BCREA is the professional association for more than 23,000 REALTORS in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research, and standard forms to help REALTORS provide value for their clients.To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.