It was a strong start for the Canadian economy as real GDP expanded 0.7 per cent on a monthly basis  in January.  The increase in January marks the ninth consecutive month of positive economic growth, however, total economic activity is still about 3 per cent below its pre-COVID-19  level.  With the strong start to 2021, first quarter real GDP growth is tracking at 5.5 per cent on an annualized basis.An acceleration of vaccinations appears to be on the immediate horizon. As that roll-out progresses, we expect pent-up spending throughout the economy to be unleashed, driving a strong economic recovery. Following an unprecedented contraction in 2020, we expect the Canadian economy will enjoy two years of very strong growth with the economy expanding by more than 5 per cent this year and about 4.5 per cent in 2022. 

Link:  https://mailchi.mp/bcrea/canadian-monthly-economic-growth-real-gdp-january-2021

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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.