Vancouver Courier: Metro Vancouver home values to drop this year, but recover in 2021: poll

February 22, 2019
Hide Ozawa

Pavlov’s co-panellist, Ken Peacock, chief economist of Business Council of B.C., referred to the real estate industry as “the oil of the B.C. economy.” He observed that the downturn in the real estate market was having wider-reaching effects on the provincial economy, including a reduction in retail sales in sectors such as home improvement and furniture.

Peacock added that he found it “a bit alarming” for a provincial government to be celebrating falling real estate values and taking credit for this outcome.

READ FULL STORY

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram