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BMO ‘net Bullish’ On B.C. Economy Despite Signs Of Slowdown: CEO

BMO ‘net bullish’ on B.C. economy despite signs of slowdown: CEO

By Tyler Orton for Business in Vancouver

The Vancouver housing market is in for a slow-down this year.

An industry that’s still one of the province’s primary economic drivers — and sources for anxiety — is poised to see home sales fall 25.7% in 2017, according to an August 20 forecast from the B.C. Real Estate Association (BCREA).

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Despite signs of a slow-down, BMO Financial Group CEO Darryl White remains “net bullish” on the B.C. economy.

“We’re very comfortable with our positioning, we’re very comfortable with our risk,” White told Business in Vancouverin a July meeting, adding B.C. is benefitting from a trifecta of high growth, low unemployment and a solid credit rating.

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