Canadian Cities With the Fastest Growing Economies
According to a new report released by the Conference Board of Canada on March 3, 2016, Vancouver is forecast to have the fastest growing economy of any Canadian city during 2016. The "Metropolitan Outlook: Winter 2016" report predicts that Vancouver’s economy will enjoy an impressive 3.3% growth in real GDP during 2016, boosted by the construction, manufacturing, services, transportation and warehousing business sectors. This will make 2016 the third consecutive year that Vancouver has experienced real GDP growth of 3% or higher. This is good news for people who want to live and work in Canada in the Vancouver area, since 26,600 new Canadian jobs are expected to be created in Vancouver this year.
The Conference Board of Canada further reported that other cities in British Columbia are also likely to have strong economic growth in 2016. For example, the Abbotsford-Mission area southeast of Vancouver is anticipated to have 2.8% real GDP growth this year, while British Columbia’s provincial capital of Victoria is forecast to have real GDP growth of 2.3% during 2016.
Several additional Canadian cities are expected to have healthy economic growth this year, according to the "Metropolitan Outlook: Winter 2016" report. For example, strong growth in real GDP is forecast in 2016 for Halifax (2.9 percent); Toronto (2.8 percent); Winnipeg (2.5 percent); Montreal (2.3 percent); Hamilton (2.2 percent); and Quebec City (2.0 percent).
Many of the new Canadian jobs being generated in these and other cities across Canada are being filled by skilled foreign workers who have the education, job skills and other qualifications that are in high-demand by Canadian employers. Therefore, if you and your family would like to live and work in Canada, you may want to consider seeking Canadian jobs in Vancouver, Halifax, Toronto, Montreal or other cities experiencing the strongest economic growth and best employment opportunities. To find out if you are likely to qualify for Express Entry immigration to Canada as a skilled foreign worker, click here!
