Exactly, and why do you think that is? Why were there two major housing slumps in the nineties? If the national and global economies were far more toxic during the current recession than in the late nineties, which they are, why did our province fair better this time? What's different?
In terms of global and national economics, the tech bubble was minuscule compared to the current recession.
I'd think oil sands which weren't up and running profitably til this last decade and the olympics were a big part of it. I'd say at least half.
The liberals did stimulate development but at what cost? The province is the least affordable it's ever been. Secondary education is more expensive, housing is more expensive. Taxation is hardly better, just different. Income hasn't improved for the better really either.