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Here is a copy of  the TOP 10 from Pat Bell

Hi All

What an exciting week for Mackenzie and Prince George this week with the Olympic Torch coming through our towns. Friday night saw the biggest crowd I have ever seen in Prince George. Estimates ranged from 5,000 to 15,000 and the real number was in between those places I’m sure. On to Mackenzie for Saturday morning at 6:30 a.m... Despite the early time 800 people turned out to cheer the 5 Torch Runners and celebrate the Olympic flame.

With January coming to an end the Throne Speech is just around the corner. That means another busy travel week for me with Cabinet and Caucus meetings thrown in for good measure.

The economic indicators around us appear to be sending a message that we are in recovery. As challenging as it’s been for the past 16 months BC is well positioned to come out of the recession and this week’s Top 10 focuses on these economic indicators.

Have a great week!

Pat Bell – MLS Prince George North...

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Real Estate Sales Expected to Go Up by 8% This Year

By 250 News

Friday, January 29, 2010 07:58 AM


Prince  George, B.C.- The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the first quarter of 2010 today.


BC Multiple Listing Service® (MLS®) residential sales in the Northern region, which includes Prince George, are expected to increase by 8 % this year, before slowing to a further 3% in growth in 2011.


The forecast also predicts the average price of a home in the Northern Real estate region will increase by 2% this year, to $216,000, and a further 3% in 2011 to $222 thousand.


Higher home prices and rising mortgage interest rates will provide a constraint on home sales next year.



Copy courtesy of:
Best regards
Dean Birks


Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132
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Download now or preview on posterous

BCREA Nov.09 Analyst.pdf (140 KB) 


Hey everyone,
I was reading the latest BCREA analyst report on list to sell ratios and explanation on how they impact home prices and thought some of you may enjoy the information. See attached one page pdf doc.


Cheers!


Best regards
Dean Birks


Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132
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Evidence of Forestry's Recovery Buoys Bell

By 250 News

Monday, January 25, 2010 11:04 AM


Prince George, B.C.- Minister of Forests and Range ,Pat Bell, says there are signs forestry is on the road to recovery. He says the latest commodity markets show lumber at an averaged price of $274 dollars per thousand board feet,   “That is an 18 month high. I am hearing that some producers have low inventories and have indicated some concerns about being able to fill their orders.” Bell  says  producers  are telling him they shipped more lumber in  the first  week of January  2010 than in  the entire month  of January  2009.


Bell says the November exports of lumber to China continued the upward trend, and he fully expects the annual exports to China will exceed 1.6 billion board feet, up from 729 million board feet in 2009 and from 329 million board feet shipped in 2008.
Still, that hasn’t prevented the sting of job cuts within...
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Things are business here in Prince George with buyers (both home buyers and investors) looking for that home or duplex that fits their needs. I have posted here 2 graphs from BCREA. One is for BC Prov MLS® Sales ending 2009 and also the BC Northern average MLS® price.


PS - Interested in MLS List to Sell ratios, Average time on market & Sold reports on one page?


Best regards
Dean Birks


Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132

 

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Sent from Canadian Business. To get Canadian Business on your own BlackBerry device today, visit http://canadianbusiness.com/mobile 


---------------------------
Canada's central bank releases monetary policy report
By: THE CANADIAN PRESS 

OTTAWA - The Bank of Canada says the economic recovery is becoming more solidly entrenched. 

The bank says Canada's recovery started off a lot slower than anticipated, largely because Canadians were buying foreign products, but is making up ground and likely grew 3.3 per cent in the last three months of 2009. 

This year, it projects the economy will expand 2.9 per cent, followed by a 3.5 per cent pickup in 2011. 
Best regards,
Dean Birks - REALTOR
Royal LePage Prince George 

Sent via BlackBerry

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10 Tips for Turning Your Home into an Income Property

If you’re looking for a way to increase your income, you may need to look no further than your own home.  These days, more and more Canadians are turning their homes into income properties.  An income property is a home that is bought or developed in order to generate income, typically by renting it out in part or in its entirety.  Renting can be a financially rewarding experience, either to provide extra income, or to help pay off a mortgage.  So if you’re thinking of going the income property route, here are 10 important steps you should take:

  1. Contact your local or municipal government to first determine if you are legally permitted to turn your home into an income property.  Work with them to ensure the unit adheres to all existing building and fire codes.
  2. Get to know the landlord-tenant relationship regulations in your province. (For BC Click Here) These laws will give you a better understanding...
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Prince George, B.C.- Expect to see some activity around the University Hospital of Northern B.C. (PGRH) next week as preparations start for the construction of the new Northern Cancer Centre... View entire article (pdf).

Best regards
Dean Birks

Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132
Your MLS Prince George REALTOR®

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Mt. Milligan Mine Construction Could Start This Summer

By 250 News

Thursday, January 14, 2010 09:42 AM
Prince George, B.C. - After three and half years of work, Terrrane Metals is optimistic it will be able to start construction on the Mount Milligan Mine in late July or early August of this year.
Speaking on the Meisner program on CFISFM ( and through live streaming audio on Opinion 250) Terrane Metals VP Corporate Affairs Sustainability, Glen Wonders, says construction of the mine will take a little over two years.
During construction, the project will create hundreds of jobs, peaking at about 700 .
Wonders says while a “camp” will be constructed for the duration of the construction period, that camp will be deactivated. “When the mine is up and running, we expect the workers will live in the communities of Mackenzie, Ft, St. James and Vanderhoof, and enjoy all those communities have to offer.”
The Mt. Milligan Mine is about 155 Km northwest of Prince George. With an...

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The Mount Milligan Mine project has cleared another hurdle as the Board of Directors has approved a decision to proceed to construction on the Mt. Milligan Project. The project will provide about 400 direct permanent jobs and significant long-term economic benefits for the region. See full attached article.



PS Has the Prince George Market Stabilized? Get a FREE, customized report emailed to your inbox.


Best regards
Dean Birks REALTOR®


Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132
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Just a quick market update for the Prince George Real Estate Market. The phones have been ringing and people are out looking which should lead to a very good spring compared to last year this time. Here is the latest graph of the sales trends and as you can see its heading in the right direction.


I have also just posted a video update so watch for that. Cheers!


PS Has the Prince George Market Stabilized? Get a FREE, customized report emailed to your inbox.


Best regards
Dean Birks REALTOR®


Royal LePage Prince George
Phone: 250-612-1709
Fax: 1-888-870-4132
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