A loss of $89 billion - in just one year - is a sobering number. What's next in real estate?
The B.C. real estate market continues to slow, thanks to unprecedented government intrusion into the market. One recent report estimated the loss of equity at $89 billion over the past year alone – a number which would have a staggering impact on both the B.C. economy and the provincial treasury.
Ryan Berlin is the senior economist for Rennie, and joined Rick Cluff in studio to talk about where we’re at.
Rick Cluff is an award-winning journalist who hosted the popular CBC Radio Vancouver morning program “The Early Edition” from 1997 until his retirement in April of 2018.
He has conducted more than 50,000 interviews and asked more than half a million questions, of prime ministers, premiers, presidents and some of the world’s biggest sports and entertainment personalities.