V-Report for June 2010

What is the BC Construction Market Looking Like Post-Olympics and Into the Future? Economists, BCCA and General Contractors Say it’s Looking Good
June 2010


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Manley McLachlan, President of British Columbia Construction Association (BCAA) tells us that there is $180 billion in major projects inventory in B.C., but that a looming retirement influx may leave the province with a lack of skilled workers to tackle the plentiful work flow. Hear his predictions…

Anibal Valente, Vice President of PCL Constructors Westcoast Inc. says that the Olympics certainly caused a rush of construction in 2008 and 2009, but in 2010 the building market will still remain strong, after the games, due to BC’s consistently growing economy. Listen to his thoughts on what’s to come…

Helmut Pastrick, Chief Economist for Central 1 Credit Union sees a natural slow down in the construction industry this year and into 2011 due to the spill-over of the weak US economy, the new HST in B.C. and the stricter mortgage laws and interest rates. But a few years down the road, he thinks the pace will pick back up again. Hear his economic outlook…

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