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"If you are going through hell, keep going." -Winston Churchill
Video of the week: Ozzie discusses the implications of the Liberal win on BC's markets
Facts by Email: Checklist for LPs ... Phoenix in a bubble? Edmonton industrial ... The effect of the Liberal win on the real estate markets of BC
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LOSERS = 23 ... WINNERS = 7
Half of B.C. regions will lose population to 2005. While the population of British Columbia is projected to increase to 4,275,000 by 2005 from 4,100,000 today, at least 16 regions and more than two dozen cities, towns and villages will continue to lose population during the same period. This means more than half of the 29 regional districts in the province are seeing a decline in population and the trend is accelerating in most resource areas. It could be seen as a new crop of ghost towns in the making.
Virtually all rural regional districts will have less people living there by 2005 than they did in 1996. The statistics, just released by BC Stats, provide a grim prognosis for the future in the heartland of B.C., where a downturn in the resource sector and a subsequent hemorrhaging of population have become defining characteristics.
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