CN Rail signs 10 year deal with Canpotex

CN Rail, the company with exclusive rail access into Prince Rupert have signed a 10 year deal to ship potash volumes from Saskatchewan. This is the first time CP Rail has not possessed sole rights to this contract and provides further encouragement to those in Prince Rupert who eagerly await news of Canpotex's proposed export facility being built at Ridley Island.
The CEO of The Potash Corporation of Saskatchewan has stated that no final decision on the Prince Rupert project has been made and the environmental assessment and public consultation periods are still ongoing. However a large part of CN Rails sales pitch to Canpotex consisted of trumpeting their exclusive access to Prince Rupert which would indicate an elevated degree of importance being attached to the project.

2011 Real Estate Sales Figures

The official figures from the British Columbia Northern Real Estate Board are below. They clearly show that the decline in real estate caused by the recession is over. Figures for 2011 are almost identical to those for 2010 which means that it is reasonable to expect the market to head into more positive territory in 2012. With the amount of commercial and industrial investment into Prince Rupert expected to surge in 2012 this current balanced market may suddenly turn into a seller's market during the next twelve months. If you are looking to buy the value is to be had now.
In Prince Rupert 116 properties worth $19.3 million changed hands in 2011 compared with 117 properties worth $18.9 million in 2010. Half of the 96 single family homes sold in 2011 sold for less than $165,000. In addition 5 parcels of vacant land sold in 2011. At year end there were 226 properties of all types available through MLS® in the Prince Rupert area, the same as this time last year.