Real Estate Market Resilient As Economy Worsens The Vancouver Life Real Estate Podcast

Despite growing concerns about Canada's economy, including a meager increase in GDP and dwindling consumer confidence, the Bank of Canada (BOC) has yet to implement a rate cut. The lack-luster GDP rise of 0.2% in February fell short of the projected 0.4%, with early data for March indicating stagnation. As a result, Q1 GDP growth is expected to reach only 0.6%, marking the sixth consecutive quarterly decline and a 2% annual contraction in per capita GDP.Despite these troubling indicators, the...