The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July 2021 is 6.9 percent. For comparison, year-over-year growth in the Canadian economy in June was 4.7 percent. We have also included a preliminary estimate for August 2021 of 6.7 percent. The BCREA Nowcast estimate of average growth in the BC economy through the first 8 months of  2021 is estimated at 7 percent.

Download the full report (PDF)

For more information, please contact:

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.