Coastal Growth Comes With Constraints
British Columbia’s economy is forecast to expand by 1.5 per cent in 2026, increase by 2.3 per cent in 2027, then average 2.0 per cent annually from 2028–30. Despite this projected growth in the GDP, demographic conditions such as declining population growth and lower net interprovincial migration numbers will constrain the province’s economy in the near term.
In contrast to B.C.’s residential outlook, what is driving the positive outlook for non-residential investment? Which infrastructure projects and private-sector initiatives are in the works and how will these projects bolster the province’s debt burden? Which industry sectors face the most significant challenges tied to trade-related pressures?
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