Canadian Monthly Real GDP Growth (January 2021)- March 31, 2021
An economic report by British Columbia Real Estate Association
It was a strong start for the Canadian economy as real GDP expanded 0.7 percent on a monthly basis in January, which was the ninth consecutive month of positive economic growth. However, total economic activity is still about 3 percent below its pre-COVID-19 level.
With the acceleration of vaccinations, pent-up spending throughout the economy will also be unleashed, driving a strong economic recovery. As a result, we are expecting the Canadian economy to enjoy the 2nd year of very strong growth with the economy expanding by more than 5% this year and about 4.5 % in 2022 (the following figure).
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.