The west continues to lead provincial growth

British Columbia and Alberta will be joined by Prince Edward Island and Newfoundland and Labrador in leading provincial growth in 2018.

The Conference Board of Canada’s winter outlook forecasts BC’s economy to grow 3.1% this year, with growth of 2.8% forecast for Alberta and P.E.I., and 2.6% for Newfoundland and Labrador.

“British Columbia’s economy still has a lot of momentum and will be the only province to see economic growth above 3 per cent this year,” said Marie-Christine Bernard, Director, Provincial Forecasting, The Conference Board of Canada. “Most provinces will perform well, though some will see their economic growth moderate this year.”

Ontario and Quebec will see their economic performance moderate from close to or above 3 per cent growth last year to around 2 per cent in 2018.

More Mortgage Guide