The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for December is 0.3 percent. For comparison, output in the Canadian economy was almost 3 percent lower year-over-year in December. The preliminary estimate for January 2021 year-over-year growth is 0.5 percent. We estimate that the BC economy contracted at a 5 percent rate in 2020, while the Canadian economy shrank by 5.4 percent.

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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.