BC Monthly Real GDP Estimate for May 2025 & Preliminary Estimate for June 2025
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for May was 1.5 per cent, a rebound from just 0.7 per cent in April. For comparison, year-over-year growth in the Canadian economy in May was 1.2 per cent. Our preliminary estimate for June show
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Canadian Retail Sales (May 2025) – July 24, 2025
Canadian retail sales decreased by 1.1 per cent to $69.2 billion in May compared to the previous month. Compared to the same time last year, retail sales were up by 4.9 per cent. Furthermore, core retail sales, which exclude gasoline and automobile items, were relatively unchanged month-over-month.
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Canadian Housing Starts (June 2025) – July 16, 2025
Canadian housing starts were largely flat from the previous month, totalling 283,734 units in June at a seasonally adjusted annual rate (SAAR). Starts were up 18 per cent from the same month last year. Single-detached housing starts increased by 1 per cent from last month to 56,645 units, while mult
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