Kevin Lee

While B.C.'s forecasted GDP decline of 5% for 2020 is the worst ever in the province, it's better relative to more than -7% across Canada. That's encouraging news, especially as the province forges ahead with re-opening its economy.

The Atlantic Provinces faced blows of differing magnitudes in March and April. Their respective recoveries will likely be just as diverse. With most of the impact in the past, the provinces can expect some recovery over the 2nd half of this year into 2021.

MVP Project Round 4 is now open! The joint initiative between RBCxMusic and the Prism Prize offers music video production grants to support recording artists and filmmakers collaborate to create new work. Apply now at www.mvpproject.ca. Deadline is June 15.

As always, you can rely on us to support both you and your clients throughout their home buying journey. Join us for a live webinar "Winning Strategies for the New Environment" by registering at https://bit.ly/3crdFub. Our webinar takes place on Friday, May 22, 2020 from 12:00pm 1:00pm EST. It features Chris Heller, Chief Real Estate Officer, OJO Labs, leading an interactive discussion with a panel of top producers in Canada to understand how they’re approaching their new environment.

With each province at its own pace, it will be a slow start, followed by a rebound in activity over the second half of the year continuing into 2021.

Practically overnight, thousands of bureaucrats had to pivot to working from home. They’ve been pushing out billions of dollars in support for Canadians impacted by the COVID-19 crisis almost entirely through digital channels, a first for the government.