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BC Claims Fastest Growing Metropolitan Areas in 2018: Conference Board of Canada

Vancouver and Abbotsford-Mission are forecast to be the fastest growing census metropolitan areas (CMAs) in Canada this year, and Victoria is also expected to rank in the top 10, according to The Conference Board of Canada’s Metropolitan Outlook: Winter 2018.

“The pace of growth in Vancouver and Victoria’s economies are expected to moderate this year, with the slowdown led by housing and consumer spending, but strength in other areas will keep the pace of expansion above 2 per cent in each metro area,” said Alan Arcand, Associate Director, Centre for Municipal Studies, The Conference Board of Canada. “In contrast, Abbotsford-Mission is projected to see real GDP growth accelerate this year, bouncing back from a subpar 2017 when it notched its weakest performance since 2009.”

According to the Conference Board report, Victoria’s real GDP is forecast to rise a solid 2.2 percent this year, although this pace will be the slowest in four years. Sustained gains in most industries will underpin this ongoing growth.

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