Despite a partial recovery in H2 2020, Canada’s GDP contracted by 5.4% last year with a secondary wave of COVID-19 infections slowing growth. All provinces are still in various stages of lockdown but after a slow start, vaccinations have accelerated. We assume that vaccinations in Canada will be complete by September, allowing pre-COVID-19 levels of activity by end-2021.
To learn more about our predictions for Canadian cities, watch our video below. If you would like to learn more about this topic, complete the form to download the full report.
Topics: Cities, Video, Canada, Coronavirus, GDP, North America, Recovery, Metros