Good day everyone,

I finally have made some time to crank out an update as to what is happening in the Prince George Real Estate market. The real estate market is still well balanced with relatively low buyers and also low inventory but as I write this, every day the listing count is climbing as it does in spring time. There are a number of listings though, that are in need of renos or repairs that most buyers are not in the mood to buy. It seems over the past year or so that most buyers want to buy homes already renovated or move in ready. So the homes that do require renovation or updates sit on the market or take a hit on the pricing. I don’t think this will last for much longer but with the interest rates so low most buyers seem to say “let’s buy something done” and pay with low mortgage rates verses buying a fixer upper and have to spend their cash or a more expensive form of lending such as lines or credit plus their time to do the work. Home prices, I feel...

This week was another week in Victoria in the Legislature debating a series of Ministry budgets as well as a variety of bills. The biggest news of the week though was the entry of the “Site C” Dam into the Environmental Assessment processes of both the Provincial and Federal Governments. This project will have enormous economic benefits to our region in the coming decade and deserves all of our attention. The project has been upgraded from 800 to 1,100 megawatts of power and the price has increased from $6 billion to $7.9 billion but the power continues to remain as affordable as we can find in today’s market.

I’m looking forward to being home this weekend although the weather’s not looking the best.

Have a great week!

Pat Bell

- As the third project on one river system, Site C would gain significant efficiencies by taking advantage of water already stored in the Williston Reservoir. This means that Site C would generate approximately 35 per cent of the energy...