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BCREA Nowcast (August 31, 2021)

Posted by Ron Neal on Tuesday, August 31st, 2021 at 6:40pm.

bcrea nowcast

BC Monthly Real GDP Estimate for June 2021 & Preliminary Estimate for July 2021 (Updated: August 31, 2021)

 
aug31

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for June 2021 is 8.9 percent. For comparison, year-over-year growth in the Canadian economy in June was 8 percent. We have also included a preliminary estimate for July 2021 of 7.1 percent. Growth in BC remains very strong compared to this time last year but continues to decelerate as base-year effects fade and uncertainty due to the ongoing COVID-19 pandemic constrains some economic activity. The average annual growth for the first half of 2021 is estimated to be 7 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 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. 


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