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 City of Vancouver is the first to use a new tool to help communities cover the costs of hosting internationally recognized major tourism events.

British Columbia’s economic growth is expected to outpace Canada’s in 2021 and 2022, according to projections from the Economic Forecast Council (EFC).

Targeted supports for people and businesses, increased vaccinations and the resilience of people and communities continue to drive a strong economic rebound in B.C. with second quarterly results showing a further reduction in the provincial deficit.

To better protect consumers in B.C.’s real estate market, the Province is introducing legislation that requires cooling off periods for resale properties and newly built homes.

A StrongerBC program that refunds businesses the PST paid on select machinery and equipment will be extended for an additional six months.