The BCREA Nowcast estimate for provincial economic growth, measured as year-over-year growth in real GDP, indicated a 1.7 per cent increase in June 2026. By comparison, the Canadian economy saw year-over-year growth of 2 per cent in June. Our preliminary estimate for July suggests that year-over-year growth accelerated to 2 per cent in BC, compared with 1.3 per cent in Canada. Additionally, our Nowcast monthly series suggests the provincial economy is rebounding after a shaky start to the year.

At the regional level, growth decelerated across the province in June, with each region remaining below its trend level. Northern BC grew at the fastest pace in June, underpinned by a resurgent local labour market. Meanwhile, Vancouver Island was the only area to record negative growth.

To view the full interactive BCREA Nowcast, click here.
To download the PDF, click here.

For more information, please contact:
Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
Email: [email protected]