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BIV: Economic Outlook 2019 - LNG Canada offsets real estate slowdown

Excerpts: 

“LNG, that’s huge – very big for the province,” said Ken Peacock, chief economist and vice-president of the Business Council of British Columbia. “That will in large part fill the hole created by real estate, but not fully.”

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“The weakening of the real estate market is very, very, very significant,” said Peacock, pointing out that a dramatic slowdown in that market has implications for many other industries such as the legal and  financial sectors. 

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“In 2019 you’re going to see the hiring challenges intensify,” Peacock said. In construction and trucking, for example, vacancy is already at 7% and 10%, respectively. 

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