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August 2013 B.C. Economic Fundamentals

Ally

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Lower Mainland property sales bloom in summer sun




Prospective homebuyers who stayed home in the darker days of winter and spring appear to have come out in July`s summer sun, pushing a boost in sales across the Lower Mainland.




For the Real Estate Board of Greater Vancouver, July was the hottest month of the year so far, and the busiest July since 2009, the board says.





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Ally

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A BC town's second chance





VANCOUVER -- Tumbler Ridge Mayor Darwin Wren predicts that the quality of British Columbia coal will keep his northeastern B.C. community afloat.



In 2001, Mr. Wren moved from Fort Nelson to Tumbler Ridge, where he bought a house for $28,000, just months after the nearby Quintette coal mine closed amid depressed prices for the commodity. Hundreds of houses were auctioned off in the fall of 2000 as the closing of Quintette triggered fears that Tumbler Ridge would turn into a ghost town.





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Ally

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Guildford mall grows to meet demand




The kids have wallets, and they don't want to wait.




As Surrey's Guildford Town Centre unveils a $280-million expansion this week - with 70 new stores and a 1,034-seat food court - general manager Peggy White says that online shopping does not pose a real threat to modern shopping centres like hers.




When fashion-conscious 15-to 25-year-olds go shopping, "they want to take (their purchase) home and wear it that night. Sometimes they wear it right out of the store," White said.





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