The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for February 2021 is 1.6 per cent. We have also included a preliminary estimate for March 2021 of 5.5 per cent. Starting in April, we expect to see very large growth due to base-year effects as strong incoming 2021 data is compared to the lowest point of 2020 during the initial stages of the COVID-19 pandemic. For that reason, we have also added a measure of the monthly level of GDP to our NowCast which provides a better indication of how the economy is progressing in its recovery. 

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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.