Hurry up and wait.
There is, as usual, three types of news; Good News, Bad News and No News.
The good news is that the market has picked up in the last couple of weeks. We have gone from stagnant to trickling in very short order. We are a long way from raging busy but at least there are signs of life at last.
The bad news is that interest in investment properties remains low. A few tentative enquiries from out of town but nothing that has led to any activity. This is true for residential property such as duplexes and commercial property both storefront and otherwise. Everyone appears to still be waiting for the good news regarding Ports, Potash and Pulp Mills.
The No News is regarding Ports, Potash and Pulp Mills.
No News about the second phase of Prince Rupert Port going ahead.
No News about Canpotex investing in Prince Rupert.
No News about the bids for the Pulp Mill.
This means that the associated industries that would spring up to support these major projects are also on hold awaiting confirmation of one, some or all of the above.
If we do get all three announced this year I imagine I will be having a very busy time!
As things develop I will update you and my blog.
Many thanks,
Keith Lambourne
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