Canada's Fastest-Growing Metropolitan Economy Is This West Coast City

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Keep on trucking, Vancouver.

The West Coast city ranks first among Canada's fastest-growing city economies in a report released Thursday.

Vancouver is expected to come out on top this year, with an estimated GDP growth of 3.3 per cent — outpacing the 1.8 per cent the Canadian economy is projected to increase overall.

The Conference Board of Canada's "Metropolitan Outlook: Winter 2016" is an annual analysis of economic growth in 28 cities.

Canada's Fastest-Growing Metro Economies
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Vancouver's growth will be fueled by sectors such as construction, transportation, manufacturing and warehousing.

"Growth in the construction sector will be fuelled by large mixed-use and non-residential projects, such as the Trump International Hotel and Tower and the expansion of the Vancouver International Airport, as well as stable new home construction," said a news release.

Meanwhile, a federal shipbuilding contract for Seaspan will boost local manufacturing, as well as exports driven by a faltering Canadian dollar.

halifax nova scotia
Halifax, N.S. (Photo: Getty Images)

Halifax came second on the list, with expected growth of 2.9 per cent.

The increase was attributed to shipyard work connected to Arctic offshore patrol ships.

Projections were far less rosy for Western Canadian cities and others dependent on oil.

calgary canada
Calgary, Alta. (Photo: Constantine Androsoff/Shutterstock)

Edmonton and Calgary are expected to see negative GDP growth of 1.3 per cent and 1.2 per cent, respectively.

The trends come as oil continues to drag on Alberta's economy.

Saskatoon is feeling similar pain, as the Conference Board projects 1.1 per cent GDP growth this year.

The news comes after Statistics Canada recorded better-than-expected GDP growth of 0.8 per cent for the last three months of 2015.

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