Vancouver to lead growth in 2016—report

by Ephraim Vecina09 Mar 2016
The Vancouver train is showing no signs of stopping, and now is a good time as any to get into the ride.
This according to the figures provided by a Conference Board of Canada report released on Thursday (March 3), which showed that the premier city would maintain its momentum to finish strong this year.
The “Metropolitan Outlook: Winter 2016” report projected Vancouver GDP to grow by 3.3 per cent, far beyond the predicted national average of 1.8 per cent.
Vancouver real estate, which has been acknowledged by multiple experts and observers as Canada’s best performing housing market, is anticipated to benefit plenty from this development.
“Growth in the construction sector will be fuelled by large mixed-use and non-residential projects, such as the Trump International Hotel and Tower and the expansion of the Vancouver International Airport, as well as stable new home construction,” according to a Conference Board of Canada news brief, as quoted by HuffPost Business Canada.
Other expected major contributors to Vancouver’s growth this year include manufacturing, transportation, and warehousing.

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