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BC CHAMBER NEWS

BC Chamber of Commerce

CDN CHAMBER NEWS

Canadian Chamber of Commerce
Think Positive BC PDF Print E-mail

·        IMF predicts Canada will lead the G7 countries in growth at 1.2% in 2009.
·        Canada has 18 domestic banks, the US has 8000.
·        The Oct 9, 2008 Prestigious World Economic Forum declared Canada has the soundest banking system in the world out of 134 countries, US ranked 44th.
·        BC's Employment rate is 95.4%, text book perfect!
·        BC's Consumer Price Index is 1.9%.
·       
Residential building permits in BC for 2002 were $2.8 billion, and finished 2007 at $8.6 billion, a 271% increase, and 2002 was a great year!
·        BC Commercial building permits in 2002 were $1.1 billion and for 2007 $2.6 billion.
·        Average (single family and condo) home sale prices in 2002 were $250,000 and $453,000 in 2008, a 'mere' 81% increase. Even with a BCREA forecast of $413,000 in 2009, the appreciation would be just '65%' over 7 years.
·        BC now has the lowest prov. personal tax rate of any province. Prov. corporate taxes are 1/3 less today than in 2001.
·        Provincial government investment in education has grown 30% in the past 7 years, and investment in health care has risen 60% in the same period.
·        Out of all Canadian provinces, BC is least dependent on the US market.
·        Mining drilling rights sold in BC this year in the first 6 months of 2008 doubled the previous annual record.
·        Energy companies, in 2007, discovered almost twice the amount of natural gas as British Columbia produced during the year, raising provincial gas reserves to a new high.
·        B.C. set a record for the auction of exploration drilling rights with companies bidding $1.8 billion by July with total lease sales expected to raise close to an eye popping $3 billion (combined with the annual royalties paid by natural gas and oil producers). There's a good chance that within the next five to 10 years B.C.'s gas production will exceed Alberta's gas production.
·        BC's inward migration plus births increased by 20,215 people.
·        BC's population grew 1.7% during the twelve-month period ending July 1st, 2008, rising to 4,381,603
. The Canadian population as a whole expanded only 1.2%.
·        2010 - The largest television audience in history! Three billion people will watch the Vancouver Whistler Winter Olympics in 2010.
·        A new RBC study conducted during the market turmoil in October finds Canadians overall have intentions to purchase a home in the next two years, which remains steady at 22% and has not changed since January 2008.
·        Forestry is the largest industry. Forest covers half of B.C.
·        B.C. has the largest and oldest trees in Canada.
·        B.C.'s mountains, parks and beaches attract many tourists.
·        Mining is the third-largest industry (copper, coal, gold, silver, zinc, sulphur, and asbestos).
·        B.C. has the largest fishing industry in Canada (salmon, halibut, clams, cod, crab, oysters, rockfish, shrimp and herring).
·        Fraser Valley has cattle and dairy farms and farms that grow fruit and flowers.
·        There are many orchards in the Okanagan Valley (apples, cherries, peaches, apricots, and plums).
·        The province is Canada's third-largest generator of hydro electricity.
·        B.C. is Canada's second-largest natural gas producer.
·       
B.C. is the third-largest film and television production centre in North America (after New York and Los Angelos
·        The loonie's tumble serves up a 20% advantage for Americans buying Canadian investment and recreational real estate.      

 

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