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Tuesday, November 11, 2008

Real Estate In Victoria BC - Victoria vs Kelowna

Just about every one you talk to has an opinon about real estate and the stock market. What is it going to do, up, down or sideways. It seems like every one has a crystal ball. A recent article in kelownaCapNews.com takes a look at some peoples opinons. It reads:

While blue skies and picturesque lakes certainly drew people to this valley, its postcard-perfection hasn’t been enough to stave off the effects of worldwide economic trouble.

The first signs came when water-cooler talk changed from estimating real estate gains to lamenting losses in retirement plans and higher costs for just about everything.

Legitimate concerns about the state of the economy made consumers nervous and more thrifty, despite assurances of “strong economic fundamentals” from Canada’s economists and political leaders.

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