Thursday, May 26, 2011

Pat Bell's Top 10 for May 20, 2011

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 produced at the W.A.C. Bennett Dam, with only five per cent of the reservoir area.

- Site C would foster economic development by creating approximately 7,000 person-years of direct construction employment through the seven-year construction period. The project is estimated to create up to 35,000 direct and indirect jobs through all stages of development and construction.

- Congratulations to the Northern Development Initiatives Trust this week on reaching a new benchmark in their efforts. To date, $100 million has been committed by Northern Development into eight hundred and three individual projects totalling over $1 billion in total project investments in central and northern BC. These investments were made 'by northerners - for northerners' and funds have flowed into projects where communities, First Nations and businesses are taking leadership in growing jobs, revenues and quality of life.

- A recent project is the Wind Turbine Maintenance Program Training Tower - Northern Lights College - $100,000 grant, and $38,320 loan toward the $494,000 project

- Northern Lights College will build a training tower for use in the Wind Turbine Maintenance Technician Program on the Dawson Creek campus adjacent to the new 'Energy House' facility that houses this program as well other courses related to renewable energy. The tower is designed to duplicate conditions faced by wind turbine technicians when repairing, maintaining, installing, or otherwise working on a wind turbine system "at height" (on top of a supporting tower). Students will take courses in confined space entry, wind turbine safety, high angle rescue, climbing, and proper use of protective gear. This highly specialized training will provide access to certified technicians for wind energy companies operating throughout BC.

- This past week a new Treaty was introduced into legislation. The Yale First Nation Final Agreement includes self-government provisions and phases out tax exemptions. The treaty will provide Yale with a capital transfer of $10.7 million, economic development funding of $2.2 million and 1,966 hectares of land owned in fee simple, made up of 217 hectares of former Yale Indian reserves and 1,749 hectares of Crown lands.

- The Final Agreement clearly defines Yale First Nation’s ownership and management of mineral, forestry and other resources on treaty settlement lands. The Final Agreement also defines Yale’s rights related to fishing, gathering and harvesting.

- Soccer fever will hit BC as fans gather to enjoy international women’s soccer at BC Place early next year: eight teams from across the western hemisphere, including squads from Canada and the United States will compete to qualify for the 2012 Olympic Games.

- The Province has provided $250,000 to support the Canadian Soccer Association’s successful efforts to host the prestigious Confederation of North, Central American and Caribbean Association Football (CONCACAF) tournament.

- Canada’s National Women’s Soccer Team, currently ranked sixth in the world, includes British Columbia athletes: team captain Christine Sinclair of Burnaby, Karina LeBlanc of Maple Ridge, Emily Zurrer of Crofton, Brittany Timko of Coquitlam and Sophie Schmidt of Abbotsford.

- A program that I helped start in 2005 is growing! More B.C. children will have access to fresh, B.C.-grown fruit and vegetable snacks in the classroom thanks to a $3-million expansion of the BC School Fruit and Vegetable Nutritional Program.

- Starting in September 2011 through the 2012-13 school year, the program will be available to all B.C. public schools and will expand from the current 1,172 public schools to 1,402 schools, which includes most public and First Nations schools in British Columbia. In addition, $2.5 million from the Ministry of Health’s healthy eating in schools budget has been allocated to support student access to fruit and vegetables for the next two years. One-time grants will also be available to schools to purchase fridges and salad bar equipment to support local solutions to increase fruit and vegetable access for students.

- The best of B.C.’s responsible and sustainable mining industry were honoured with the 2010 Mining and Sustainability Awards. Presented by the Mining Association of B.C. and the Province, the winners for 2010 are Northgate Minerals’ Kemess South Mine and the Northwest Community College’s school of exploration and mining (SEM). The school of exploration and mining came about as a result of the Mining Plan that I developed in 2004/5 when I was Minister of State for Mining so it’s great to see it working well!

- More than a quarter million British Columbians participated in 11 HST telephone-town hall meetings in communities across the province in the last three weeks. Of the 417,464 British Columbians who answered the tele-town hall calls – 66 per cent – or 276,504 people, participated in the calls and stayed on the phone for almost 17 minutes on average.

 Great news for the Prince George Exhibition this past week as they were provided with a grant of $27,000 to help with this year’s X!

The above was provided by MLA for PG North - Pat Bell
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Best regards

Dean Birks

Top Office Producer 2010

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

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog

Prince George Real Estate - Market update for May 26, 2011

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 will stay level and only start to rise once we see larger forms of new employment occur.

As for economy, it looks very good for Prince George and area. I see nothing in the next 5 years but good. Prince George is even hosting the 2015 Canada Winter Games! That’s the next big thing after the Olympics. We also have two recently elected MP’s that represent the newly elected majority party in Canada which also is good for this area. Mining, Pipelines, Forestry, Hydro, Health and Education are all in growth mode around here.

So in conclusion I feel now is about the cheapest we will see the cost of buying a home or investment property. That cost is either the ‘price of the home’ or ‘cost of borrowing’ or ‘both’.

Cheers!

Best regards

Dean Birks

Top Office Producer 2010

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

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog

Tuesday, May 10, 2011

Just a few new super listings found on my site www.DeanBirks.com

Here is 2 great new listings.
1 - 2396 Farrell Dr - Waterfront property on Fraser River in city limits. What a cool home!
2- 6255 Frenkel Rd - Fully updated rancher on 5.2 acres with shop and more.

Best regards

Dean Birks

Top Office Producer 2010

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

Prince George Real Estate

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog

Thursday, April 28, 2011

Top 10 from Pat Bell - BC update

Here is Top 10 I just received from Pat Bell - MLA for Prince George North   1.  British Columbia’s jobless rate dipped to 8.1% in March 2011, down 0.7 percentage points from a month earlier.  While the change in the unemployment rate was driven by a decline in the number of job searchers (−0.6%), employment in the province also expanded (+0.2%). Private sector employment climbed by 0.7% in March, marking the first increase since November of 2010, and was the primary source of increase in the number of jobs. Meanwhile, the number of people working in the public sector fell 1.3%. The unemployment rate of youth aged 15 to 24 climbed 0.7 percentage points to 15.2%, while the jobless rate for workers aged 25 and over dipped to 6.9% (-0.9 points)   2.  The average weekly wage in B.C. in March 2011 was $827.55. For B.C. youth between the ages of 15 and 24, the average weekly wage was $385.89—third highest in Canada. (Prepared by BC Stats, Source: Statistics Canada, Labour Force Survey)   The average hourly wage in B.C. during March 2011 was $23.14 – more than 2.8 times the minimum wage, and almost 28 per cent above 2001's average wage of $17.98. For B.C. youth between the ages of 15 and 24, the average hourly wage was $13.59 – third highest in Canada. (Source: Statistics Canada)   1.  British Columbia’s Consumer Price Index (CPI) increased 1.8% from February 2010, after a 2.3% increase in January. Consumers paid substantially more for fuel oil & other fuel (+19.1%), gasoline (+12.6%) and food purchased from restaurants (+7.8%). (Prepared by BC Stats, Source: Statistics Canada)British Columbia's annual inflation rate was 1.3% in 2010, significantly lower than the national rate of 1.8%. Lower-than-average increases in the cost of shelter and transportation helped offset higher-than-average increases in the cost of food and a few other goods and services.   2.  Total retail sales in B.C. rose 0.7% (seasonally adjusted) in February, erasing the slip at the beginning of the year (-0.5% in January). Canadian sales were also slightly higher (+0.4%), largely the result of higher volume (in volume terms, sales were up 0.4%). Quebec (-0.8%) and parts of Atlantic Canada posting losses in February.   3.  Manufacturing sales in British Columbia rose 0.9% (seasonally adjusted) in February, building on a 2.3% increase in the previous month. Despite weaker shipments by makers of paper products (−4.8%), sales of non-durables moved ahead (+0.2%) due to gains made by the beverage & tobacco (+6.2%) and food (+0.7%) product industries. Durables were up 1.6% as flagging sales by wood (−0.8%) and machinery (−1.9%) manufacturers were offset by a jump (+9.2%) in shipments by producers of primary metals.   4.  Travel from overseas locations inched ahead 0.7% in January, driven by a larger number of visitors from both Asia (+1.4%) and Europe (+1.0%). The increase in European arrivals is the first after four straight monthly declines. Entries from other overseas locations were down 1.4% in January.   5.  The population in British Columbia reached 4,554,085 as of January 1st, 2011. In the fourth quarter of 2010, population growth was at its lowest since 2006, up 1.2% compared to the same quarter in 2009.   6.  B.C.’s economy is expected grow moderately over the next year according to B.C.’s independent Economic Forecast Council. On average, the council forecasts B.C.’s GDP growth at 2.7 per cent for this year.   7.  The Dominion Bond Rating Service, Standard & Poor, and Moody's Investment Service have all reconfirmed B.C.'s strong credit rating. The most recent report from Moody's notes the Province's debt reduction efforts of the past few years have put British Columbia in a stronger position to face the economic downturn. DBRS rates B.C. AA (High); Standard & Poor, AAA; and Moody's, AAA.   8.  421,200 jobs have been added in British Columbia since December 2001, of which 323,700 are full-time positions.

Copy courtesy of:
Best regards

Dean Birks

Top Office Producer 2010

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

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog