BC Monthly Real GDP Estimate for September 2025 & Preliminary Estimate for October 2025

The BCREA Nowcast estimate for provincial economic growth, measured as year-over-year growth in real GDP, indicated a 1.8 per cent increase in September. By comparison, the Canadian economy saw a year-over-year growth of 1 per cent in September. Our preliminary estimate for October suggests a year-over-year growth of 1.4 per cent for BC, compared to 0.3 per cent for Canada. Over the first ten months of 2025, BC's real GDP growth is tracking at 1.6 per cent. 

Note that some trade data had to be estimated due to the Government shutdown in the United States and will be revised with later releases.

On a regional level, we are observing further weakening in the Northern economy, primarily due to sluggish employment growth in the natural resources sector and the impact of tariffs on forestry sector exports. Indeed, most regions saw a slowing of growth in September, with the exception of Vancouver Island, which maintained the same rate of growth from August.