Content about Economic Review

04.29.10
Economic Recovery Underway by Dave Hobden, Economist at Central 1 Credit Union

The international financial crisis that emerged in June 2008 is largely over. There are early signs of a global economic recovery and confidence in financial institutions is returning. The market value of many risky assets is rising as investor confidence builds. The global economy is forecast to continue recovering, although high levels of government and household debt in most mature economies will subdue the rate of growth.

01.30.10
BCREA Real Estate Review - In Like a Lamb, Out Like a Lion

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 132 per cent to 5,703 units in December compared to the same month last year. More homes were sold last month than in any December on record except 1989 when 6,014 units were sold.

12.29.09
Market Strength Extends Through 2010 - BCREA Fall 2009 Housing Forecast

BC interior housing markets are also experiencing robust consumer demand as low mortgage rates and stronger market confidence drive home sales higher.

10.24.09
Recovery Prospects

Signs of economic recovery are emerging after one of the most severe financial crisis in decades. The strength and durability of any recovery are natural concerns given the depth and breadth of the recession and on its policy-driven sources. For example what happens when some fiscal stimulus expires? Will the economy generate self-sustaining growth? Is a fallback into recession, the double-dip recession, likely? Closer to home, how are the East Kootenays faring and what are its recovery prospects?