Looking to invest in the real estate market? For prospective real estate investors in Canada, Fort St. John is definitely the place to be. North Eastern British Columbia’s major service centre is rife with mega projects at its doorstep, such as the liquefied natural gas (LNG) from shale gas in the Horn River Basin, Site C Hydro Dam, and the gas collection and processing structures in Liard Basin and Montney field.
Indeed, Fort St. John is blessed in resources, and investors are lining up. Four LNG export facilities are expected to be built in northwest BC. The first of them is a $36 billion LNG export terminal at Prince Rupert, a project helmed by Malaysia-based gas giant Petronas, along with its subsidiary Pacific NorthWest LNG.
With massive projects popping up left and right, people are starting to move into the Fort St. John community at a speedy pace. Workers transferring into the city need accommodation, and the real estate market is the first order of business for most of these professionals. Housing will have to keep up with demand, which can cause house prices to rise even more.
According to stats released by the B.C. Northern Real Estate, homes in Fort St. John cost over $400,000 on average in 2014. From January to October last year, homes for sale in Fort St. John, BC averaged a whopping $414,445, yielding a $43,710 increase from the previous year’s rate during the same period.
Petronas wants its Prince Rupert facility in operation by 2019. An expected offshoot of this is that housing prices in Fort St. John are going to skyrocket. Those who would like to own a piece of property in the area should therefore realize that now’s the time to invest in homes for sale in Fort St. John, BC.
Potential investors stand to benefit the most from working with prolific a REALTOR® like Scott Sauer. Real estate agents such as he have honed their craft from many years of experience in the business, so they’ll know what to expect and how to navigate the Fort St. John real estate market adeptly. They’ll also know the area you’re interested in like the back of their hand. Suffice it to say, these agents will be armed with the expertise you need to help you get the best price for the properties you’re looking to invest in.
(Source: Northern communities scramble to upgrade roads, bridges for LNG, Business in Vancouver, Nov. 11, 2014)