B.C. non-residential construction projects expected to swell

[SpongeG]

Spending on non-residential construction projects is expected to swell to $17.3 billion by 2008 from $11.4 billion in 2006, Credit Union Central B.C. anticipates in its latest economic forecast released today.

Credit Union Central economist David Hobden said the growth will be about 8.8 per cent a year driven by spending on transportation and power infrastructure, industrial buildings and Olympic venues.

"B.C.'s boom in non-residential construction is being driven by many factors, including robust growth in provincial [gross domestic product], consumer spending, disposable income and employment," Hobden said in a news release. "Moderate growth in population, relatively low and stable interest rates and China's surging economy are other significant factors."


http://www.canada.com/vancouversun/news/story.html?id=09f7501c-e965-4800-87f8-7a366ef543d4&k=57484

[squeezied]

too bad office construction is a tiny factor in our "booming non-residential construction"

[SpongeG]

yah

i wonder what they mean - like retail shopping places? schools etc?

[raggedy13]

Ya, it's a real shame there isn't some more office construction to balance it out. It seems like the economy is doing good in almost every way yet we still can't attract office-related big business. I really hope Vancouver takes a long hard look at how to deal with that in upcoming years.

[Coldrsx]

is vancouver that bad without it???? Edmonton is doing ok, as is Portland, San Diego, Ottawa, Halifax, and many other cities in this wonderful world.

*those have some yes, but much less of a reliance than others.