Energetic City’s real estate market continues to be sizzling hot, and its various flourishing industries significantly influence the trend. As big companies migrate to the region to explore its rich resources, Fort St. John, BC homes for sale are getting more valuable and in-demand. Here are three sectors that investors find profitable to explore:
One of the latest developments in the city’s agricultural scene is the new Agricultural Land Reserve panel, where two of the three members are Peace Region locals. Northern Horizon correspondent William Stodalka has more on the story:
Late last week, the Ministry of Agriculture announced that these three people – a retired farmer, a rancher and a bookkeeper – would join the Agricultural Land Commission’s North panel.
Previously, one large ALC panel made all the decisions. Now, there are six regional boards, and some of the people who previously served on the big ALC panel have gone to these other panels. However, all of the three panellists in the North are new to the ALC.
B.C. Agriculture Minister Norm Letnick said that the province’s Board Resourcing and Development Office chose the panellists around the province from over 100 applicants.
“Now that we have local panels, people who live in the area, they should have a much better appreciation of the local area and what’s happening in the region,” he said. “It makes it easier for them if they want to go on site and see what’s happening.”
Of course, even if it has expansive lands for forestry and agricultural opportunities, Fort St. John won’t be called the “Energetic City” or “BC’s Energy Capital” without its prosperous oil and gas industry. Abundant in shale gas supply, the region has been touted as a centre for drilling. Its future looks even more lucrative with the extraction and export of liquefied natural gas (LNG) to Asian markets. The approval of the Site C Dam construction project will help supply power for the provinces industrial projects and booming population growth.
Real Estate Opportunities
The industrial growth in the area fuels its thriving real estate market, and homes are getting sold to prospective residents and investors quickly. Together with a healthy economic condition, local infrastructure improvements also encourage more individuals and families to move to the city. To avoid limited supplies or high prices, new residential developments are expected.
If you need help finding homes for sale in Fort St. John, BC that you can flip or where you can settle down if you work or run a business in the region, talk to an experienced agent like Scott Sauer. As a REALTOR®, he can provide you a wide range of options. Aside from residential properties, he also has plenty of resources to assist you in looking for farms or homes on acreages and other recreational properties in the area.
(Source: New Agricultural Land Commission panel chairs for the North, Northern Horizon, October 16, 2014)