Bob's Speech Third
! BOB RENNIE’S UDI SPEECH MAY 21, 2009 INTRODUCTION –New Economy, Two Distinct Markets – Downtown and Everywhere Else, Times Have Changed…………………………………………………………………...…2 VANCOUVER DT STATS – Only 53 Weeks Ago, Gordon Campbell Never Left, 2007- Beyond 2012 ……………………………………………………………………………………...4 MILLENNIUM WATER - The 2010 Olympic Village, Handing Over Finished Homes to Vanoc, On-Site Tour on June 27 and June 28, South East False Creek Inventory, Green is Still a Foreign Language……………………………………………………………………....8 POSITIVE MEDIA COVERAGE – What if Everyone was Negative for 10 Minutes a Day for A Year, 8Tracks versus IPods…………………………………….……………….……....11 STOCK MARKET– Most Accidents Happen?..................................................................12 OLD ECONOMY – Boomers, US Housing Stats at a 50 Year Low, They Can See the Bottom, We Overestimated Consumer Confidence, We Have Deposits!.........................13 TIP OF THE ICEBERG OF CONFIDENCE – Woodward’s Closings, Inventory Will Continue to Decline, Population Growth Stats, Supply and Demand, Is 2009 the New 1999?................................................................................................................................15 MORE STATS– East Vancouver, Richmond, Surrey/White Rock……...…………………16 BACK TO BASICS – Fundamentals of Vancouver and Canada, Cash Is King For Now, Joe Segal Buys The Grosvenor Building, Whether it’s a “V” or “W” or a Nike Checkmark, They All Include the Word “Recovery”…………………………………………………...……19 NEW DEVELOPMENTS – CrossRoads, Shangri-La, Ritz-Carlton,
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