The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for March 2020 is -3.1 percent, down from 1.4 percent annual growth in February. We have also included a flash estimate for April 2020 of -10.0 percent reflecting the impact of the COVID-19 pandemic. That estimate will change as the full April dataset becomes available.

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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.