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Vancouver : Office Snapshot - Q1 2014

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Vancouver : Office Snapshot - Q1 2014

In March 2014, the Bank of Canada maintained its target for the overnight rate at 1% weak inflation due to excess capacity in the Canadian economy and increasing competition in the retail sector.

After two years of weak growth in BC, the government has forecasted the economy to improve and GDP to grow by 2.0% in 2014, 2.3% in 2015 and 2.5% in 2016. This is based on stronger US and global economies that drive demand for BC’s exports, a weaker Canadian dollar, and LNG projects going forward.

Source : Cushman & Wakefield

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