The Bank of Canada's lack of movement on prime is the best action or "non-action" to take at this time.  Mark Carney's most important comment was:  "there are too many unknowns".  World markets are struggling and we are greatly affected by their ability to do business with us.  Especially when it comes to selling our goods.  The value of our dollar determines if our customers can buy from us.  Our biggest trading partner to the south is expected to flounder for well into 2012.  Shifting our business to other markets takes time.  It will take a good act of balancing growth and maintaining what we have.

This translates into interest rates will remain at their lowest ever and may even drop further.  Currently variable rate:  prime minus .75% = 2.25% or 5-year fixed @ 3.59%

Those who have their feet firmly planted on the ground (good credit, proven, reliable income and some savings) and know what they want to do can take advantage.  Home...


This Top 10 is coming from Shanghai China as I lead the largest ever BC Lumber trade mission. Altogether we have 38 attendees including CEO's from Canfor, West Fraser, Conifex, Interex (representing Carrier and Dunkley), Tolko, Hampton and Interfor.

This mission represents phase 3 of our plan to open the Chinese market to BC lumber. Phase 1 was building code development and product knowledge. Phase 2 included wood frame construction training and building a distribution network.

Phase 3 starts now and is about marketing to large developers that are capable of using significant volumes of our lumber. That brings me to the week’s Top 10, the inside story on some of the 40 developers we are meeting with and I'm sure you'll be impressed. For translation purposes 100 square meters is about the size of a newly constructed apartment in China and is approximately 1,000 square feet.

Have a great week! Pat Bell -

1)     Vanke Co. is China’s...


Friday was not a great day for our forest industry as the US Softwood Lumber Coalition launched another challenge targeting BC’s Industry. It seems like every time we sign off on a deal they just can’t live with it. They have very old and inefficient mills in much of the US and can’t compete with the high quality mills here in BC. In my view we should be working together to expand the use of wood into China, India and into nontraditional uses in North America.

Other than that pretty good numbers here in BC so let’s stay positive!

Have a great week! Pat Bell -

1.   My Colleague Steve Thomson (Minister of Agriculture and Lands) is off to China along the Federal Agriculture Minister, Alberta’s Agriculture Minister and representatives from the BC Cattlemen’s Association (including local ranchers Mark Grafton and Roland Bauman) to try and get greater access to the Chinese market. I have had our Forestry folks working with...


As of today the single family homes listed in Prince George city limits is at 430 (on MLS®) which is quiet a bit less than normal. So tracking the numbers if listings continue to stay low the market may move from a slight buyers market to a sellers in the next while.

Best regards

Dean Birks


Royal LePage Prince George

Phone (Direct): 250-612-1709

Prince George Real Estate


Oh, by the way. I'm never too busy for your referrals!

Categories:   about prince george, yxs, central bc, british columbia, | about prince george, yxs, central bc, british columbia, nechako river, ice flows, | affordable housing, solutions, ideas, real estate | awards, | awards, dean birks, top producer, top realtor, city of prince george, royal lepage, free market evaluations, list your home, | BC Assessments, Prince George, YXS, Home values, | bc housing, real estate, report, yxs. prince george, northern bc, home prices, | BC Hydro | BC Natural Resources | BCR, petrochemical, prince george, olefins, yxs, | BCREA | building permits, | Canada Q1 2023 | carriage house, cottage house, prince george, secondary housing, | city of | cn rail, prince george cougars, whl, hockey, family day, cn centre, city of pg, | covid, virus, reports, stats, british columbia, pandemic, real estate, | covid-19, virus, | CREA | dinosaur, prince george, museum, yxs, british columbia | dp todd, school district 57, prince george, expansion, yxs | Eco | econo | econom | economic | economic conditions | economic development, indicators, city of prince george, real estate, employment, report, | economic update, city | economic update, city of prince george, dean birks, top realtor, | economic update, city of prince george, yxs passengers, building permits, home sales, employment, | government policies | home ownership, tips, suggestions, real estate, canada, prince george bc, | home prices | home prices, increase, mls, single family home, prince george, yxs, | housing needs, prince george, yxs, city report, real estate, | housing supply | hyatt, prince george, yxs, downtown, hotel, | interest rates | Kelly Road, School, Hart Highway, SD57, Kelly Rd, High School, | listing, selling, home values, prince george, yxs, dean birks, top realtor, royal lepage, covid, | LNG, Mega Project, Central BC, Prince George, Hub, | mls sales data, bcrea, fall sales, august sales, dean birks, prince george real estate, yxs, | new construction, new home, building, costs, | Nordic ski | Olefins, petrochemical, natural gas, lng, western canada, prince george, yxs, | population, infrastructure, | predictions | Prince George | Prince George & area | prince george life, | prince george, building boom, lng, building permits, yxs, prince george real estate, dean birks, | prince george, conference board of canada, economic outlook, jobs, unemployment, building permits, real estate, | Prince George, Investment, real estate, central bc, Western investor, | prince george, yxs, film festival, | Property tax, deferral, ptd program, | real estate agent | real estate market | Real Estate related | real estate report, city of prince george, november 2020 update, | Real Estate stats, yxs, prince george, | recovery, real estate, BCREA, MLS, Stats, covid-19, | repayment, rent, tenancies, delinquency, bc, rent control, | Signal, secure communication, private, real estate, dean birks, prince george, | Simon Yu | stats | student housing, prince george, faction projects, downtown, unbc, cnc, | Summer Games | telus, fibre optic, network, prince george, yxs, | Terrace | Tourism | Transmission line | Twinning project | Uncategorized | West Coast Olefins, petrochemical, plant, yxs, prince george, ken james, | winter, check list, maintenance, home, repairs, ice, | Woman World Curling