The BCREA Nowcast estimate for provincial economic growth, measured as year-over-year growth in real GDP, indicated a 2.2 per cent increase in July 2026, the first time our Nowcast has registered year-over-year growth above 2 per cent since January 2025. By comparison, the Canadian economy saw year-over-year growth of 1.4 per cent in July. Our preliminary estimate for August suggests that year-over-year ticked slightly higher to 2.3 per cent in BC, compared with 1.7 per cent in Canada.

At the regional level, the Lower Mainland and Vancouver Island continued to record growth well below usual levels due to weak labour market conditions, particularly on the Island. Other markets across the province are showing signs of stronger economic growth. Growth in Northern BC appears to be especially strong in recent months following a very challenging 2025.

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]