BCREA Nowcast (August 2020)
Posted by Ron Neal on Tuesday, September 1st, 2020 at 3:41am.
BC Monthly Real GDP Estimate for June 2020 & Preliminary Estimate for July 2020 (Updated: August 28, 2020)
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for June 2020 is -5.7 percent. For comparison, the Canadian economy contracted 7.8 percent year-over-year in June.
We have also included a preliminary estimate for July 2020 of -4.2 percent. While year-over-year growth remains negative, the rate of decline is slowing as the economy continues to improve on a monthly basis.
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 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.
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The Neal Estate Group is your #1 source for all of your Victoria BC real estate needs. Get in touch with us online or by phone at (250) 386-8181 to speak with a Victoria real estate buying or selling expert today. With decades of experience as a top selling Victoria REALTOR® and ranked in top 1% globally with over 5,000 transactions and $1 Billion SOLD, Ron Neal & The Neal Estate Group have the industry experience and market knowledge to help you make smart and informed buying or selling decisions.