BC Monthly Real GDP Estimate for July 2025 & Preliminary Estimate for August 2025

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July was 1.3 per cent. For comparison, year-over-year growth in the Canadian economy in July was 0.9 per cent. Our preliminary estimate for August shows year-over-year growth of 1.6 per cen

Canadian Economic Growth (July 2025)

Canadian real GDP rose by 0.2 per cent in July, after declining by 0.1 per cent in June. Goods-producing sectors rose by 0.6 per cent, while service-producing industries increased by 0.1 per cent. Sectoral growth was led by mining, quarrying, and oil and gas extraction (1.4 per cent),

Mortgage Rate Forecast - September 2025

Highlights: Canadian mortgage rates have remained steady amidst a volatile bond market, but are expected to fall over the next three months. Economic slowdown is being driven by lower exports and business investment due to tariffs. The Bank of Canada cut its key interest rate for the first ti