Vancouver Real Estate Market Insight

Despite the bleak news from the US, and a slowing Canadian economy, 863 major capital projects, worth an estimated record $169.7 billion, were planned or underway in B.C. between April and June 2008.Seventeen major projects have broken ground, with the largest being the Royal Jubilee Hospital, the Patient Care Centre in Victoria and the River Rock Casino expansion in Richmond. Thirty-three projects valued at approximately $1.9 billion completed their construction phase, including the Abbotsford Regional Hospital and Cancer Centre, and the Creekside Residential Development in Whistler. Insight: After the Olympics, exapect a major lull in construction activity and the inevitable effects that will have on employment and housing activity in BC. It looks like we may have several years in the valley before the market returns to it’s former glory. Plan and invest accordingly. Dow you have a long term real estate investment plan ?