Vancouver Real Estate News
Tuesday, April 3, 2012
Vancouver Economy Predicted to Slow - Vancouver Real Estate
One of the main indicators of how the Vancouver Real Estate market is set to fare is by looking at the macroeconomic growth of the Vancouver Economy. According to the Conference Board of Canada, the think tank that predicts local GDP there will be an increase in GDP for Vancouver of 2.5%. This shows an negative economic growth of 0.6% from last year 2011, and a full point below the 2010 figures which was driven by Olympic and federal stimulus spending. The board says that local businesses lost some steam last year towards the end of the year putting the local economy on a weaker footing going into 2012. It adds that consumer spending sputtered in 2011 with retail sales growth reaching a lackluster 1.8%. As a Realtor in Vancouver I specialise in helping people buy and sell their Vancouver Real Estate. When it comes to valuing your home and selling it quickly, with the least amoung to stresss, please contact Vancouver Realtor® Russell Sharp anytime on 604 437 4277 Comments
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