February 2015 B.C. Economic Fundamentals

Ally

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Mar 24, 2009
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#21
There’s far more good news
than bad in TransLink numbers


Stuart Ridgway isn’t suffering from buyer’s remorse, having purchased his Chestermere, Alta., house in January, right after the once hot real estate market took a hit due to a drop in oil prices.

In fact, he sounds remarkably blasé, even though he’s seeing signs of a slowed market all around him and heard from his long-time real estate agent that there’s been a 40-per-cent reduction in sales. (Bloomberg reported a 44-per-cent drop since November).

Read the full article here.
 

Ally

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Mar 24, 2009
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Langley
#22
Canada to reduce taxes for LNG projects

Canada is cutting taxes on liquefied natural gas projects in an effort to spur the industry.

Prime Minister Stephen Harper made the announcement in Surrey, British Columbia, on Thursday.

Read the full article here.
 

Ally

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Mar 24, 2009
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Langley
#23
BC will be among leaders in economic growth, Conference Board of Canada reports

Exports, fuelled by strong U.S. growth and a weaker Canadian dollar, will make British Columbia a growth leader in the national economy, the Conference Board of Canada reports in its latest provincial outlook report.

Nationally, the economic think-tank said the big story is how the steep plunge in oil prices is rippling through the economy and rebalancing expectations of both the more energy-dependent provinces of Alberta, Newfoundland and to some extent Saskatchewan, and less-energy dependent economies such as B.C., Ontario and Manitoba.

Read the full article here.
 

Ally

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Mar 24, 2009
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#24
BC's boring budget worthy of excitement

VANCOUVER — Boring is the most common adjective I’ve heard describing the provincial budget tabled earlier this week. Even seasoned reporters in the budget lockup were complaining that there was nothing interesting to ask about. My colleague called it a Seinfeld budget. Devoid of fancy themes, the main feature of the budget is that it’s balanced.

Balanced budgets are a basic feature of a sound economy and are widely supported by the public. In B.C., we might be tempted to take balancing the budget for granted as this is the third one running. We shouldn’t.

Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
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48
Langley
#25
Terrace prepares for growth with housing action plan

TERRACE - A new housing action plan will help the City of Terrace address future housing needs as the community grows due to economic development.

The City of Terrace completed the plan together with the provincial government, the Northern Development Trust Initiative and industry partners. The plan identifies future housing needs and includes 18 recommendations to ensure Terrace has adequate, affordable housing as opportunities for new jobs arise. Of the 13 recommendations directed at the provincial government, action is underway to address each of them.

Read the full article here.