Blog by Andrew Peck

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BC Budget Keeps Us Working

BC Budget Keeps Us Working

Vancouver (February 18, 2009) – The best social program is a job, and to reduce the impact of the provincial economic recession, Finance Minister Colin Hansen plans to create 88,000 jobs so that individuals, businesses and communities can work our way to recovery.

This plan is part of the overall provincial Budget delivered yesterday. The jobs will be mostly in infrastructure, building hospitals, roads, schools, hospitals and housing.

“I’m optimistic that at least some of those new job holders will end up buying first homes, or renovating the homes they own, or trading up to new homes”, says Andrew Peck, vice-president and general manager, Royal Pacific Realty.

Indeed, this is possible, given the state of the Metro Vancouver real estate market, where homes are now more affordable than they’ve been for some time.

“What this means to our communities and our neighbourhoods is significant. Every time a home changes hands, the transaction generates significant spin-offs for the economy,” explains Peck.

To create these new jobs and sustain long-term growth, Minister Hansen will spend $14 billion on infrastructure projects, some in partnerships with federal and local governments.

These projects, explains Peck include renovating, retrofitting and upgrading existing buildings to make them energy efficient, capital projects such as recreational facilities and flood and infrastructure projects in partnership with local governments, including schools, roads, bridges and healthcare facilities.

For more information contact:
Andrew Peck, Vice-President and General Manager
604-266-8989; andrew@andrewrpeck.com

 

For printable PDF: Press Release - February 18th, 2009

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