Thursday, December 20, 2007
the grab bag reprised
William Sauder, formerly of Interfor, and the philanthropist who with a gift of $20 million funded the founding of the Sauder School of Business at UBC, has died. He was 81 years old.
The Sauder data has been the go-to source for RE information for many commentators on RE in Vancouver. The death of Mr. Sauder will not mean the end of the Sauder School of Business, nor the information found there. Condolences to his family, and all of those affected by his passing.
In other news;
Yesterday on CBC, it was said that the pine beetle infestation of BC's boreal forests will lead to an economic recession for BC. Carol Taylor, BC Minister of Finance, said a couple of weeks ago that BC will likely go into recession if the US does, and as the building industry in the US suffers under the housing slump south of the border. A couple of months ago, forest industry commentators said that the forestry sector is already in recession. I did not catch all of the facts, but I believe that I heard that forestry is responsible for between 2% and 3% of the BC economy, and 9% of the workforce. That seems like a small number to me, and my searches have failed to turn up more concise information. I guess that RE is now the dominant part of the BC econmy.
The numbers over at Rob Chipman's appear to be positively nutty. On Monday, the sell/list ratio was 267.09%. Bullish, or just the result of a seasonal slow-down in listings? Fish is not even bothering with numbers until the New Year, and I am not reading anything into them either. I really do look forward to Spring to see what will happen though. I believe that we have topped, and ought to see a cooling in the Spring. Note that I am not vainly calling a top though, I just think that we have finally topped.
I'm sorry for the paucity of posting as of late, it's been a rough, and very busy week. Lil solipsist is fully ambulatory, and really keeps me hopping. I hope that all have a great Crassmess, and that we see some real excitement in the New Year. I will continue to post as I am able.