Pursuits
British Columbia Tops Canada Growth Ranking as Alberta Falls
- Red-hot housing market boosts GDP in westernmost province
- Energy rout pushes oil-producing neighbor into last place
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British Columbia took over as Canada’s fastest growing economy last year on the back of its red-hot real estate market, while Alberta fell to last place.
Gross domestic product in the westernmost province grew 3 percent in 2015, the fastest since 2006, led by a 5 percent gain in real estate-related services. It marks the first time -- according to this particular series of data that goes back to 1997 -- the province has led nationally. Alberta’s GDP, meanwhile, fell by 4 percent on the energy rout.