From Business in Vancouver:
British Columbia’s gross domestic product increased 3.7% in 2016, Statistics Canada announced May 1, giving it the highest economic growth in the country last year.
The increase was led by a 3.5% increase in service-producing industries, but the goods-producing sector also grew 4.6%.
Strong demand in the Lower Mainland housing market drove a 17% jump in residential construction last year. This supported an increase in offices for real estate agents and insurance carriers.
The retail sector increased 5.4%, with all store types seeing growth. Transportation and warehousing grew 5.7%, and electric power generation, transmission and distribution increased 4.7%.