Manley McLachlan, Anibal Valente, Helmut Pastrick

B.C. construction market post-Olympics

It’s looking good
Saturday, June 19, 2010

Manley McLachlan, president, British Columbia Construction Association (BCAA) is positive about the future of construction in B.C., and suggests there will be enough work to go around.

Anibal Valente, vice-president, PCL Constructors Westcoast Inc. says things won’t entirely slow down post-Olympics, even though it is going to be tougher than usual due to a poor economy and private sector investors finding it more difficult to access financing.

Helmut Pastrick, chief economist, Central 1 Credit Union predicts the growth rate in B.C. will naturally decrease from 3.5 to 2.5 per cent in 2011, due to the slow down of the U.S. economy, which will spill over into Canada.

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