By 250 News

Monday, March 28, 2011 07:45 PM 

Prince George, B.C.-  A new subdivision has been approved for  Prince George.  It is  phase 6 of the Westgate development and will  cover 41 hectares of  property, that is about 10% of the  415 hectares which make up the South Ospika Neighbourhood plan.

The plan  for  phase 6,  predicts   construction spread over  10 to 15 years.  It calls for  development that would see  residential construction  of which 74%  is  dedicated to single family homes and 26% to multiple family.   In all, there would be  475 residental units made up of 260 single family homes, 30 two family residences, and 185 multi family units.

One resident, who lives near the  new  plan  says he is concerned about  an area which he referred to as a "temporary fill"site.  Tony Muldor told Council the  fill was supposed to be  ...


Here is some information I received from Bob and thought some of you may find this interesting. Cheers! Dean


Mortgage shoppers crave certainty, so they continually question brokers or bankers about where interest rates are headed. If this is something you’re prone to doing, first ask yourself if your broker or banker can predict the next global catastrophe, war, financial crisis, or sovereign insolvency. If not, you may want to rethink your question.

Unforeseeable events impact mortgage rates at unforeseeable times. The events of this past week are the latest reminder of how fluid rate expectations can be…. A month ago, some economists were contemplating a BoC rate hike as soon as May.

Now, you see: 
- the benchmark 5-year yield plummeting Wednesday to 2.43% (bond rates determine how fixed mortgage rates are set)
- deeply discounted 5-year fixed rates falling back to 3.79% 
- market rate-hike expectations being pushed out to September/October...


By 250 News

Monday, March 14, 2011 01:09 PM

Prince George, B.C. – Christy Clark has been sworn in as B.C.’s 35th Premier.
Her cabinet has also been sworn in, and there are major changes.

Local MLAs, Shirley Bond  and Pat Bell  are part of the cabinet although they are in very different posts.  Bond is now the  Minister in charge of Public Safety and the Solicitor General.  Bell is now the Minister of Jobs, Tourism and Innovation.

Clark has welcomed back Blair Lekstrom not only to the Liberal  caucus but to Cabinet as well.  She has also rewarded  Harry Bloy, the lone member of the Liberal Caucus, who supported her leadership bid.

Cabinet is smaller, "Our new cabinet will reflect the priorities of British Columbians and put families at the centre of all our decision-making," said Premier Clark. "Together, we will focus on creating jobs and building a strong economy because that is the single most important thing we can do to
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