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YXS - The New Transpacific Logisitics Alternative
The Runway Expansion Project has transformed runway 15/33 from 7,400 ft. to 11,450 ft., complete with centre line (LED) lighting, dual ILS navigational systems and a dedicated de-icing refueling pad for wide body aircraft. Once completed, the Runway Expansion Project will allow the PGAA to market the airport as a new transpacific logistics alternative, providing carriers the opportunity to make Prince George a destination of choice for refueling and transshipment of cargo.

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Canadian Mortgage Industry in the Media 
- Nov.2008

In recent weeks, there have been numerous articles in the national media on the state of the Canadian mortgage industry. Issues regarding the impact of longer amortizations and a perceived failure to anticipate the effects of various mortgage products have been at the forefront.

CAAMP Members Should Be Aware Of The Following Important Facts 
1. Arrears and default rates remain low in Canada particularly when compared to the U.S. Canadian mortgage holders have on average over 50% equity in their properties. For all home owners, (those with and those without a mortgage), the equity ratio exceeds 70%;

2. Longer amortization periods and 100% LTV mortgages do not equate to subprime or alternative mortgages which are based on a borrower's credit worthiness. Relatively few outstanding mortgages in Canada have 40 year amortization periods – only six percent or just over 300,000 mortgage holders out of 5.25 million;

3. Mortgage products...

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Population – Prince George is home to 83,225 people (census agglomeration) and 313,556 people in the trading area.

Housing – Average cost of purchasing a home in Prince George in 2007 was $240,245. Average cost of renting an apartment or townhome in 2007 was $650.

Climate – Prince George enjoys a dry climate with four complete seasons – lots of sun between May and September and lots of snow between November and March. Average January temperature is -100C and average July temperature is 220C, though most years bring temperature extremes above 300C and below -200C on occasion.Earnings – Average annual labour force income is nearly $40,000, significantly higher than the BC average.

Employment - Employment rate in Prince George is 69.9% (2007).

Commute – Maximum commute to downtown Prince George from most residential areas is 15 minutes.

Culture – A variety of active ethnic and cultural groups exist in Prince George to provide programming and assistance...

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