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March 2021

Found 12 blog entries for March 2021.

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May30-1  

Commercial Indicator Reaches High in Q4 2020

The BCREA Commercial Leading Indicator (CLI) reached a new high since the start of the series in 1999. The CLI rose from 139 to 144 in the fourth quarter of 2020, representing the second consecutive increase after four consecutive quarterly declines. Compared to the same time last year, the index was up by 5 percent.

Although the CLI is responding to a sharp rebound in economic, financial, and employment conditions, there is more here than meets the eye. Growth in these conditions would normally imply an improvement in demand for retail and office space. However, the complexities of the COVID-19 pandemic and related public health restrictions are driving a wedge between what we see in the

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bcrea nowcast

BC Monthly Real GDP Estimate for December 2020 & Preliminary Estimate for January 2021 (Updated: March 2, 2021)

  aug31

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for December is 0.3 percent. For comparison, output in the Canadian economy was almost 3 percent lower year-over-year in December. The preliminary estimate for January 2021 year-over-year growth is 0.5 percent. We estimate that the BC economy contracted at a 5 percent rate in 2020, while the Canadian economy shrank by 5.4 percent.

Download the full report (PDF)

For more information, please contact:

Brendon Ogmundson
Chief Economist
604.742.2796
bogmundson@bcrea.bc.ca 
 

BCREA is the professional

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