B.C.’s First Quarterly Report shows the province’s economy is proving resilient amid challenges, including a devastating wildfire season, high interest rates and costs, and a slowing global economy.

Despite global uncertainty, B.C. ended fiscal 2022-23 with a surplus and higher-than-expected revenue that the Province put to work helping people and communities with higher costs and growing needs.

The Government of British Columbia is providing more than $4 million for 12 new mass-timber demonstration and research projects, which builds on B.C.’s global leadership in this area.

A new provincial funding commitment of $14.8 million is supporting the operations and growth of non-profit housing providers to bring more housing and services to people in B.C.

People and businesses in British Columbia will benefit from new jobs, diversified supply chains and a stronger, cleaner economy following the Province’s successful trade mission to Asia.