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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Sep 06, 2005
Page
6
The writer fondly recalls Bowen Island near Vancouver, describing its wild beauty and daily life. A rumored cougar spawns local warnings while a Kenyan tycoon builds an $8 million estate and a Vancouver lawyer sparks controversy with an island bridge dream.
The piece argues that ignoring history led to bubbles in stocks gold and real estate. It notes dot com hype post 9 11 real estate boom cheap debt and rising prices create risk and asks who will buy future values while warning of mortgage debt dangers and a looming rate rise.
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