It is anticipated that
a continuing tight labour market, robust income growth and high levels of consumer confidence will help to offset the dampening effect of rising mortgage carrying costs on the demand for new and existing homes in B.C. Housing starts should decline from 39,195 units in 2007 to 33,250 in 2008 and 31,700 in 2009.
Not exact matches
Household spending
continues to grow solidly, supported by a relatively
tight labour market, with the unemployment rate remaining at historically low levels.
Household consumption
continues to be a key contributor to overall growth, propelled by a relatively
tight labour market and rising house prices, which are up by around 15 per cent over the past year.
«Employment levels
continue to improve, resulting in
tight labour markets and increasing salaries; and stable interest rates have led home buyers to feel confident that the cost of borrowing won't spike any time soon.»