MARKET UPDATES

BC Monthly Real GDP Estimate for April 2026 & Preliminary Estimate for May 2026

The BCREA Nowcast estimate for provincial economic growth, measured as year-over-year growth in real GDP, indicated a 1.4 per cent increase in April 2026. By comparison, the Canadian economy saw a year-over-year growth of 1.1 per cent in April. Our preliminary estimate for May suggests that year-ove

Mortgage Rate Forecast (June 2026)

Canadian borrowers were effectively denied a period of lower rates that should have extended through much of 2026. The drop in bond yields seen earlier this year has been erased, as the Iran conflict and ensuing oil shock have driven yields back to early‑2025 levels.   With the Strait of Hormuz rema

Canadian Inflation (May 2026)

Canadian prices, as measured by the Consumer Price Index (CPI), rose 3.2 per cent on a year-over-year basis in May, following a 2.8 per cent increase in April. On a seasonally adjusted monthly basis, the CPI was up 0.5 per cent in May, equivalent to a 5.9 per cent increase on an annualized basis. Th