- BC Business
April 10, 2018
Vancouver’s economy is slowing down following several years of exceptional growth. After expanding by nearly four per cent annually on average during the previous five years, the economy is expected to grow by three per cent in 2017 and a more modest 2.5 per cent in 2018.
This slowdown reflects the fallout from a cooler housing market, the impacts of increased protectionism in the U.S., a slightly higher dollar that makes exports more expensive and the city’s notoriously poor housing affordability. Job growth is expected to slow, but the unemployment rate will drop to about 5 per cent, and immigration is forecast to hit an eight-year high in 2018.
Get the most detailed and up-to-date analysis of the economic outlook for Vancouver the Lower Mainland and British Columbia, all set within a national and international context, at the Western Business Outlook 2018: Vancouver.
This in-depth and detailed economic analysis is accompanied by a keynote address and a lively panel discussion with some of the region’s leading business people and policy-makers.
The Chartered Professional Accountants of British Columbia (CPABC) is the training, governing, and regulatory body for almost 35,000 CPA members and 5,000 CPA students. CPABC carries out its primary mission to protect the public by enforcing the highest professional and ethical standards and contributing to the advancement of public policy. CPAs are recognized internationally for bringing superior financial expertise, strategic thinking, business insight, and leadership to organizations.