“I talked to someone in construction management recently who said that his company and too many other companies were finishing big jobs right now with no jobs lined up once they’re done.”

Vansanity at vancouvercondo.info 22 Feb 2010 at 10:56 am“I have a couple friends that are moving away this week. Both were in construction and their last projects are complete and they can’t find work. Another works for a glass supplier that worked on most the towers downtown and they have 3 projects they’re currently wrapping up and see nothing else coming up.”

grandmaster G at vancouvercondo.info 22 Feb 2010 11:05 am“Same in my circle, lost one guy to South America: “Vancouver is nice, but I need more sun. Also I need people that are real and not so full of themselves.” Another one headed off to the east coast, Montreal. He was laid off here and couldn’t find a new job (entertainment software industry). The third one was laid off as well and moved to the Okanagan (entertainment software industry).”

betamax at vancouvercondo.info 22 feb 2010 12:31 pm – “I talked to someone in construction management recently who said that his company and too many other companies were finishing big jobs right now with no jobs lined up once they’re done. He also said that any new contracts were bid so competitively that the winning bids probably won’t make any money. They’re just trying to stay in business.”

And this observation -

M-, at vancouvercondo.info 22 Feb 2010 2:11 pm – “This is crazy– it looks like BC’s building as though we’re going to grow 11% in a year! BC’s population is just under 4 million people. 186,000 housing starts per year, at 2.3 people per unit, is enough capacity for 428,000 people. Or, to put it differently, 11% population growth! Given that our growth is more like 1% or so a year, it seems like there’s a lot more job loss to come in the construction sector….. (Admittedly, some of those units are “replacing” old housing stock– such as, 6 houses knocked down, 50 townhouses go up in place, but still…)”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s