The Province says B.C.’s economy is expected to see steady, moderate growth over the next few years, according to the latest outlook from the Economic Forecast Council.

Finance Minister Brenda Bailey met with the 13-member panel of independent private-sector forecasters, who say B.C.’s role as a major trade gateway continues to give the province an edge, even with tariffs creating pressure on several export-dependent industries.

“Uncertainty from changes to U.S. trade policy has undoubtedly affected our economy,” said Bailey.

“We’re taking bold action to build on our strengths, creating good jobs and economic growth that will help communities across the province.”

Forecasters note that lower immigration levels and U.S. tariffs will likely temper B.C.’s near-term growth, especially in sectors like forestry that have been directly targeted.

However, they say B.C. is positioned to capitalize on its natural-resource base, major projects, and a diversified export market.

The council also reviewed housing trends, labour-market conditions, and ways to boost innovation and attract investment.

Looking ahead, the group expects B.C.’s real GDP to grow by about 1.4-percent in 2025 - matching the Province’s own projection - and 1.5-percent in 2026.

Over the medium term, they anticipate growth closer to two percent.

To learn more, visit Government of British Columbia.