All of which, then, translates into the creation of 228,000 jobs in British Columbia over the next four years, directly or indirectly generated by the resulting estimated CAD $12-billion volley of economic activity. And all this frenzy is expected to promote an influx of approximately 100,000 people per year into the Metropolitan Vancouver area so that its population will reach 2.2 million by 2010 – and that does not even take into account tourists and visitors which will be flocking in from the four corners of the world, but mostly from Ol’ Uncle Sam’s country of residency. Which, besides creating a gargantuan traffic jam, will push prices of condos in Downtown from the present CAD $500 per square foot to about $1,000 per square foot, thus catapulting Vancouver, BC from the present fifteenth most expensive place in the world to live in, to the seventh. And, considering that in Downtown we have just run out of space entirely … I believe it!

So, if you are one of those investors who likes to purchase real estate away from home, before you consider Timbuktu as your next investment destination you may be better off to take a closer look at what’s happening right here, in Vancouver B.C. And since I so happen to be involved, by grace of God, into real estate sales (boy, isn’t this your lucky day ...) and know this market like the back of my hand, if there are any questions, clarifications or merely additional info requested or required, just go to my blog - the Real Estate Chronicle - and send me an e-mail, which I will be more than thrilled to answer.

Luigi Frascati