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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (44811)	5/22/2008 11:52:37 AM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69592

There is definitely a psychological shift happening. People are going from freely spending to saving and paying down debt. I know someone in the restaurant equipment business. It is suppose to be the start of their busy season. It is really quite slow right now though. His take is that the high cost of housing locally (average price of a house in Vancouver right now is $700,000 and requires 70 percent of the average families income) combined with the high price of gas is leaving little disposal income. Some sectors like construction locally is still going strong due to the Olympic construction and the backlog of condo projects pre-sold during the boom times. Real estate price locally are predicted to increase only 3 percent to flat this year for the first time in a many years after years of double digit growth.