The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for January 2021 is 1.4 percent.  We have also included a preliminary estimate for February 2021 of 2 percent. Because the BCREA Nowcast is a year-over-year measure, we expect to see very large growth in coming months 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.

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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.