instability of the
But the plummeting cost of oil and the resulting instability of the Canadian economy could hurt domestic demand and spell bad news for resort areas such as the Okanagan, which rely on people from Alberta buying vacation homes.Dan Scarrow, vice president of corporate strategy at Macdonald Realty Ltd., who is based in Shanghai for the Vancouver real estate company, said he has been talking to clients in mainland China about the dropping Canadian dollar and what it means for their plans to buy real estate in Vancouver.”From their perspective, it’s nothing but good news because it means a 20 per cent decrease in prices in renminbi terms. Even clients who a year ago thought the market was overvalued are seeing more of a bargain now. It’s just the reality,” he said.”I was talking to a client yesterday who has been looking at a (Vancouver) property for a month.
And it’s surely not going to drop in my lifetime. I have had no children other than the several thousand I have had the honor to serve as an English teacher and librarian. Not asking for sainthood here, but do feel the need to throw this out to those who question where teachers live and to which municipality they pay taxes and how much.
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September 20th, 2010