BCREA Nowcast (January 5, 2022)

Img

 

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for October 2021 is 5.2 percent. For comparison, year-over-year growth in the Canadian economy in September was 3.9 percent. The preliminary estimate for November 2021 is 4.1 percent. The BCREA Nowcast estimate of average growth in the BC economy through the first 11 months of 2021 is 6.3 percent. In 2020, the Nowcast estimate of annual growth was -2.6 percent vs actual real GDP growth of -3.4 percent.

Download the full report (PDF)

For more information, please contact:

Brendon OgmundsonChief Economist604.742.2796[email protected]   

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.


More From Life Style