For more details on our national forecast see our Quarterly Economic Forecast British Columbia’s (B.C.) economy is expected to grow at a modest pace in 2026, broadly in line with the national average, before picking up in 2027. One primary challenge facing the province is its abrupt demographic reversal. Population has now declined on a year-over-year basis for three consecutive quarters, reflecting large outflows of non-permanent residents and slowing immigration. The resulting slowdown in labour force growth and employment has weighed on many household-oriented industries (Chart 1). Housing markets are undergoing a similar adjustment.
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