Canadian outlook to benefit Investors
With uncertainty south of our border, the economic decline in Alberta and escalating house prices in Vancouver it is only rational that the Okanagan with it’s desirable lifestyle, affordable real estate market, growing economy, premier post secondary educational institutions and international airport, is the obvious choice to locate to. 2016 statistics have recorded that the days of the Albertans’ feeding our real estate market are over for the time being, and the housing prices in Vancouver for both nationals and foreign investors is creating a new breed of “economic refugees” and we’d like to welcome them with open arms.
Doug Porter, economist for BMO presented his annual report and forecast last week with some enlightening Global and National insights:
