Editorial: B.C. has two economies

Today's high house prices could make the next recession problematic: CIBC report

"Given larger average mortgage principals that have been needed to pay for more expensive housing, the Bank of Canada's ability to raise rates during the upswing of the cycle will be severely constrained," says Avery Shenfeld, Chief Economist, CIBC ...
http://rock.ly/pjy2o


Editorial: BC has two economies

House prices remain strong - a mixed blessing - and although still small, our high-tech sector continues to grow. ... The same divide exists on Vancouver Island. ... At $10.85 an hour, B.C.'s current rate is below the Canadian provincial average of ...
http://rock.ly/4n0a2




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