Goodbye Vancouver. Canada’s Great Housing Boom Is Shifting North
- Central 1 predicts Shell LNG to shift provincial growth north
- North Coast will be province’s hottest housing market to 2020
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Forget Vancouver. British Columbia’s housing boom is set to shift to the province’s rugged north as Royal Dutch Shell Plc’s $31 billion liquefied natural gas project sparks an economic boom in the remote region.
British Columbia’s North Coast -- a sparsely populated region usually synonymous with untamed wilderness, black bears and glacial fjords-- is set for a turnaround as Shell and its four partners ramp up activity on Canada’s largest infrastructure project ever, according to Bryan Yu, deputy chief economist at Central 1 Credit Union.