Thoughts on BC Politics and More

Older British Columbians, especially those who don’t own their own homes, are increasingly struggling with debt , according to a new report. Nearly 44 per cent of respondents to the BC Consumer Debt Study were aged 55 or older, up from 26 per cent in 2012. Eight in 10 were renters, with homeowners making up just 7.6 per cent of respondents ... CLICK HERE for the full story

  Canada may avoid a full-blown recession, but it is facing a protracted economic slowdown, with B.C. expected to be hit especially hard due to higher mortgage lending rates and high consumer debt.   “There is a lot of fear about a deep recession coming in Canada, but we are only expecting a mild slowdown in the second half of the year,”  Richard Forbes, senior for the Conference Board of Canada, told BIV News.   According to the Conference Board’s new three-year outlook, B.C., along with most other provinces in Canada, is in for a protracted economic slowdown, with population growth – driven mainly by immigration – masking a fundamental lack of business productivity ... CLICK HERE for the rest of the story