Wednesday, December 24, 2008

Prince George Airport YXS - New Logistics Park Video

Here is a great new promotional video of the logistics park and plans for the Prince George Airport. - Click Here

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.

Friday, December 19, 2008

Economic Profile ending 2007

Economic Profile

Prince George is a city that welcomes investment, promotes growth and hosts a competitive business climate.

Located in the centre of beautiful British Columbia, this college and university city with a manufacturing base is strategically connected to the Asia-Pacific Gateway. A city where knowledge and research, natural resources, industry, transportation, health, urban amenities and an active four-season lifestyle meet.

Prince George is a city with a passion for a sustainable future. Embedded within a picturesque natural landscape, all the residents of this community share a proud history of exploration supported by a solid pioneer work ethic.

Average income
Overall, labour force participants in Prince George (including full and part time workers) earn higher average incomes than their counterparts in other areas of BC.

Incomes for full-time employment in Prince George are generally higher than those in the province as a whole. Persons working full time earned a median income of $45,852/year in 2005 (Statistics Canada 2006 Census) in Prince George.

Housing Starts
1995 - 292
1996 - 441
1997 - 402
1998 - 273
1999 - 166
2000 - 138
2001 - 77
2002 - 100
2003 - 103
2004 - 309
2005 - 284
2006 - 320
2007 - 328

Source: CMHC, Starts and Completions Survey

Average New Home Prices (Single-detached)
1996 - $201,475
1997 - $196,436
1998 - $183,829
1999 - $176,961
2000 - $180,575
2001 - $213,741
2002 - $204,981
2003 - $213,530
2004 - $213,402
2005 - $238,452
2006 - $273,013
2007 - $348,066

Source: CMHC, Starts and Completions Survey

Average MLS Prices by Region (Single-detached)
1996 - $133,698
1997 - $138,561
1998 - $136,319
1999 - $126,454
2000 - $121,338
2001 - $116,581
2002 - $120,606
2003 - $118,319
2004 - $129,761
2005 - $147,828
2006 - $195,943
2007 - $240,245

Source: BC Real Estate Association & BC Northern Real Estate Board

1996 - 78,239
1997 - 78,426
1998 - 77,368
1999 - 76,990
2000 - 77,018
2001 - 75,568
2002 - 74,742
2003 - 75,559
2004 - 76,208
2005 - 75,028
2006 - 74,810
2007 - 75,375

SOURCE: Population Section, BC Stats

Prince George BC is a great place to invest!

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 -10C and average July temperature is 22C, though most years bring temperature extremes above 30C and below -20C 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 to all residents in social, cultural and economic capacities.

Education – Prince George educational institutions include the internationally recognized University of Northern British Columbia, the main campus of full-service College of New Caledonia, two additional community colleges, numerous trades and technical education facilities, close to 50 regional public schools and an assortment of private schools and specialty programs.

Newcomers – The Immigrant and Multicultural Services Society, the Multicultural Heritage Society of Prince George, Le Cercle des Canadiens Fran├žais de Prince George, the Prince George Native Friendship Centre, the Welcome Wagon, and numerous employment service providers assist newcomers in getting settled in Prince George.

Shopping – From a seasonal Farmers’ Market to malls and big box establishments, Prince George offers a complete variety of shopping experiences.

Recreation – Eighteen outdoor and six indoor soccer fields, seven ice rinks, two aquatic facilities (one deemed world class), numerous gyms / self defense / dance clubs, 120 parks in city limits, 1600 lakes and streams within one hour, downhill and cross country ski facilities and much more…Prince George is known to be sports crazy!

Transportation – Home to an international airport (YXS), VIA Rail daylight passenger train service, Greyhound and other charter bus services and an ever improving highway infrastructure, there are many ways to travel into and out of Prince George.

Real Estate - Click Here for home and investment information.

Sunday, December 14, 2008

Real Estate Investors - Have your say in the next Federal Budget.

Here is a great chance for Canadians to voice there concern and have input to the next Federal Budget. As for Real Estate here in Canada may I suggest one idea you add in the 'Other' comments.

Ask the Federal Gov't to add in the budget that Canadians who invest in Real Estate and sell their investments that they can 'Roll Over' or suspend paying Capital Gains as long as they invest in another Real Estate investment. This would be big for investors to move their Capital Gains (Profit) to the next Real Estate investment without paying tax yet.

CLICK ON THIS LINK to access the questionnaire -

Have a great day and Merry Christmas to all!