This article also contains some useful information about the current economy in BC.
See this Amp at http://amplify.com/u/bs0c2
"Even and yet the new run-up in prices of upper-end properties in British Columbia and the major appreciation in the Canadian dollar have weakened demand for comfort real-estate in the population, the upper-end market still remains quite strong. Demand is coming from several classes of investors and provincial homebuyers who are trading up their residences. The financial reflection, coupled with the repossession in energy, expensive metals, and commodity prices will likely revive demand for upper-end real-estate in the country. "