Tagged : property news

Waning business and consumer confidence, runaway housing costs, commodities nosedive among issues eroding economic optimism

February 16th 2016, the BC government will release the new budget.

"Is the economy important to you?” the Facebook ad from the BC Liberal Party asks. “Should we stay at #1?” 

The answers are “yes” and “not sure,” and the implication is that if you want the B.C. economy to stay “#1” among Canadian provinces, you should vote for the BC Liberals and their small-c conservative strategies of keeping taxes and public expenditures low while boosting an exciting new liquefied natural gas (LNG) industry for the province.

B.C. led the country in economic growth in 2015 and is forecast to have the highest growth again in

During a recent visit to New York, Simon Henry chatted with a real estate broker who was trying to negotiate the sale of a Manhattan apartment to a wealthy buyer from China. The seller refused to drop below $5.2-million (U.S.) and the buyer was equally adamant that he wouldn’t go above $5-million.

The frustrated broker couldn’t understand why the buyer was being so intractable. The Chinese businessman explained that he was buying the apartment for his daughter to live in while she attended school and he insisted on strictly adhering to the budget he had set.

“Anything over $5-million, I’m afraid it will go to her head,” he said.

As the co-founder of the Shanghai-based real estate portal Juwai.com, it’s the type of anecdote that Mr. Henry hears