Scotiabank released an economic report this week. It mentions that the western provinces are driving the national real estate trends. This is not surprising. As we all know, easterner's have been flocking here for years, and there is no end in sight. Work BC is holding four job fairs in southern Ontario over the next week. The organization, made up of BC's top 100 employers estimates there will be 1 million new jobs to fill over the next 10 years in British Columbia. Alberta isn't far behind in these expectations, and Saskatchewan's demand is rising as well. The report also finds that the last decade of real estate cycles is the strongest and most sustained in history. These trends should be just as strong for another 10 years. The report states that we are not in over our heads and have little to be concerned with in regards to the U.S. mortgage meltdown. Only in Western Canada eh?
Wednesday, February 27, 2008
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