Transcription of BRITISH COLUMBIA – A housing-led growth …
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BRITISH COLUMBIA – A housing-led growth …
RBC ECONOMICS | RESEARCH 2 PROVINCIAL OUTLOOK | DECEMBER 2017 Still plenty to offer There s much to be impressed with when it comes to BRITISH COLUMBIA s econo-my. growth has been strong averaging annually in the past four years broadly based across economic sectors and resilient in the face of turbulence in the provincial housing market last year. BRITISH Columbians enjoy some of the brightest job prospects in the country and feel confident because of it. We think that we ll be impressed again in 2018, although we re lowering our growth ex-pectations somewhat because a number of headwinds. We expect that rising in-terest rates will cool consumer spending and housing market activity. Economic recovery in Alberta is poised to temper the flow provincial migrants moving to BRITISH COLUMBIA and restrain overall population growth .
PROVINCIAL OUTLOOK | JUNE 2018 2 BRITISH COLUMBIA – A housing-led growth slowdown Over the past three years, residential investment has accounted for nearly one-third of British Columbia’s
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