April 14, 2008 - NEWS RELEASE

ICBA Commentary: Investment in Non-Residential Construction

Vancouver, B.C. – The Independent Contractors and Businesses Association (ICBA) offered the following commentary on today's Statistics Canada release of investment in non-residential construction for the first quarter of 2008.

“Construction activity in B.C. continues at a healthy pace,” said Philip Hochstein, president of the ICBA. “The decline in investment in B.C. shows the natural pattern of construction activity where some projects are finishing and others are beginning.”

“The industry expects this kind of ebb and flow,” continued Hochstein. “Today’s B.C. numbers represent just a snapshot of a strong construction market.”

Hochstein also added that the B.C. market has a number of projects in the pipeline, both public and private. “We are still very busy in B.C. and our construction market continues to outperform the nation.”

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For more information, please contact:
Philip Hochstein, ICBA President
Office: 604.298.7795
Cell: 604.561.9402
Email: philip@icba.ca