Canada's Housing Market is Poised...

Over the past 6 months there has been a lot of worry about how tightening mortgage rules will impact the Canadian housing market.  If you’ve been reading any newspaper you will have come across headlines to the contrary….even the Chicago Tribune recently published “A year of pleasant surprises for the housing market”.

HomeForSale5detail_Jan 14

BMO Capital Markets Assessment states Canada’s  housing market “is cruising at an above-normal altitude”.  The concensus Calgary is the place to be :

It is the strongest major market in Canada, with house sales 20 per cent above historic norms and benchmark prices up 8 per cent, virtually making up for the 16 per cent decline in prices from 2007 to 2009.  Prices remain at more reasonable four times median family income and demand remains extraordinarily high.

BNN Rebound in continues in Canada’s housing market – Home sales continued bo be strong in a number of major cities in November, with preliminary local data indicating that the country’s housing market is still rebounding.

The Globe and Mail Housing market on solid footing

The Financial Post What soft Landing? Bullish realtors see no slowdown

What is the prognosis?

Think house prices are unaffordable now? It gets worse – Globe & Mail

One thing for sure you can’t bet on a sure thing and you have to rely on the fundamentals when making your decision to purchase real estate.


A Busy Summer In BC's northeast...

 

Major investments in BC’s northeast and northwestern Alberta make these areas prime real estate investment markets.
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A Busy Summer…

This summer’s articles are mostly related to BC’s burgeoning LNG (liquefied natural gas)  industry. And while we follow many investment markets, not a week passes without announcement of yet another major investment in the development of this resource… what is more important is the impact that it is having on real estate in Northeastern BC and Northwestern Alberta making these markets prime investment areas.

One of the articles below references a report stating that BC’s LNG industry could provide 75,000 permanent jobs moving forward as well as a large number of construction jobs to get things going. This number does not include the potential 33,000 direct and indirect jobs created by BC Hydro’s Site ‘C’ Dam project. With Dawson Creek and Fort St. John having a combined population of under 35,000, you can imagine the impact on the housing markers resulting from the influx of workers into these areas.

Furthermore, with housing supply limited by the agricultural land reserve (ALR) surrounding these cities (very difficult and time consuming to pull land out of the ALR) and a short building season, I believe the circumstances are prime for investing in real estate in the area.

As always, If you have any questions about the area or our cash flowing investment properties in Fort St. John or Dawson Creek, I’m here to help. Hope you enjoy the articles.  If you are interested in seeing first hand what is happening in the area join us September 21st on Western Canadian Properties Investor Tour to Fort St. John.

Contact me to receive property brochure for our NEW pre-sale investment properties.  If you would like to join us on the trip, please call NOW as there is limited space available.

Regards,

Cynthia Aasen

Strategic Investment Realty

604-764-5647

Pacific Northwest LNG CEO on BNN discussing their $10,000,000,000 project in Prince Rupert.

Development of LNG promises transformative prosperity for the province.

Richard Coleman: In British Columbia, we have a unique opportunity to capitalize on our most promising resource to generate revenues in excess of $100 billion over the next 30 years, while enabling the world to benefit from one of the cleanest-burning fossil fuels on the planet.

Continue Reading >>

Exxon joins West Coast LNG race, seeks 25-year export permit.

ExxonMobil Corp. has joined the race to export liquefied natural gas from British Columbia with a monster proposal that would process the equivalent of nearly one-third of Canada’s current daily production…

Continue Reading >>

B.C.’s LNG export industry could provide 75,000 permanent jobs

In its latest bid to demonstrate the potential scale of its nascent liquefied natural gas industry, the province has unveiled a scenario that shows the sector could support a permanent workforce of 75,000…

Continue Reading >>

Cynthia AasenStrategic Investment RealtyC 604.764.5647E cynthia@strategicinvesmentrealty.com

 

 

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Asian countries look for gas supplies

Japan is looking for more natural gas supplies to make up for the loss of nuclear power in the wake of the Fukushima disaster in 2011. Japanese use of liquefied natural gas set a record in January 2012 of 9 billion cubic feet per day, 2 billion cubic feet more than the same period for 2011. Japan has no natural gas reserves of its own.

The Japanese government said it was ready to provide $10 billion in loan guarantees for its companies working in the Canadian natural gas sector. Canadian officials are eager to develop west coast terminals to facilitate overseas LNG deliveries.

Read more: http://www.upi.com/Business_News/Energy-Resources/2013/04/09/Japan-investing-in-Canadian-natural-gas/UPI-29131365512272/#ixzz2Q2bY6LRL


Why Invest In Dawson Creek BC

Recent employment numbers show BCs Northeast outperforming the rest of the country!

“The Northeast has performed very, very, well over the last number of years,” said Pat Bell minister of jobs, tourism, and skills training, and minister responsible for labour.

“The unemployment rate is so low … it’s considered to be a net zero unemployment rate. I think the good news is that, that continues to provide robust local economy.”  read more