David Doyle makes a very important point.

Note that the recent leadership of BC & Ontario as centres of economic growth in Canada is in each case driven by an urban residential real estate bubble which is inherently unstable, is materially adding to the social problems in its metropolitan areas & is making it increasingly difficult for current & prospective employers & employees to locate & provide real, stable & productive alternative growth opportunities in the Province.

In the case of BC, for example, credible estimates have it that about 30% of the Province's current GDP is directly or indirectly dependent on real estate development.  This contrasts sharply with any reasonable image of a stable, healthy economy.