Check out the Regional report...
As leaders in analysing and validating information, CPAs are often called upon to provide independent, fair, and objective information to assist in decision-making. It is with this goal in mind that CPABC prepares the BC Check-Up each year.
This annual economic report uses selected economic and social indicators to evaluate BC as a place to work, invest, and live. To provide context, BC’s progress levels are compared with those of Alberta and Ontario, as well as Canada as a whole.
BC’s economy enjoyed another year of solid expansion in 2015, with a real annual GDP growth rate of 3.1%1. This was the highest rate in Canada, slightly ahead of Ontario’s real GDP growth rate of 2.6%, and well head of Canada’s 1.1% 2 READ MORE
Last year was the sixth in a row of positive job creation in BC, with 27,800 new jobs added to the economy, a percentage gain of 1.2%. While the export market did not grow significantly, with only a 0.5% increase in value due to a slump in energy exports, consumer spending swelled at home. A growing population and strong consumer confidence drove growth in retail sales, services and the housing sector. A low unemployment rate and continued positive in-migration were also instrumental in boosting sales activity and prices in the housing market.
BC also remained in solid fiscal shape, running its fourth government surplus in a row in 2015/16. It has one of the lowest debt per capita ratios in the country, and enjoys a high credit rating, which augurs well for future capital investment.
The good news continued into early 2016, as British Columbia’s economy continued to outperform those of the other provinces. Nevertheless, only five of our twelve work, invest, and live BC Check-Up indicators showed improvement in 2015, while one did not change.
BC’s economy enjoyed another year of solid expansion in 2015, with a real annual GDP growth of 3.1%. Learn more...