VREP #516 | Inside BC's Slow-Motion Economic Crisis with David Williams

About this episode

David Williams discusses BC's economic challenges and implications for real estate.

After five straight credit downgrades and a record deficit, BC is at a turning point. David Williams, VP of Policy at the Business Council of British Columbia, sits down with Adam & Matt to unpack how the province went from fiscal powerhouse to cautionary tale in just half a decade. From the end of four mega projects to a ballooning public sector and outmigration not seen since the 1990s, the conversation cuts to the heart of what's really happening behind the numbers. Are tax hikes and public sector layoffs now inevitable? Why is Canada projected to be the slowest growing economy in the OECD for a generation? And what does the mortgage squeeze mean for Vancouver real estate? Don't miss this one!

People in this episode

Hosts: Adam Scalena, Matt Scalena

Guest: David Williams

Topics covered

• economic crisis
• BC economy
• public sector
• real estate
• tax policy
• outmigration

Keywords

• credit downgrades
• deficit
• fiscal policy
• mortgage squeeze
• OECD growth
• public sector layoffs

Mentioned in this episode

Organizations: Business Council of British Columbia

Places: BC, Canada, Vancouver

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