The Fort St. John and Northeast BC economic outlook is outstanding. Most of BC throughout 2013 experience population declines; the Northeast is growing and bursting at the seams. New home construction can not keep up with demand, retailers are short of staff and heavy industry is moving full steam ahead. Fort St. John is the economic heart of BC producing huge royalty's for the government from all the natural resource extraction in the Montney play. This has had a huge influence on historic high BC Assessment values, up 10.3% year over last. In this rising real estate market there is good news for first time home buyers.
"The real estate sector has been lobbying for tax relief, and there was a relatively small break announced in the provincial property transfer tax for eligible first-time home buyers. Those who qualify could save up to $7,500 on buying their first house, as long as that property is acquired for $475,000 or less, up from the previous threshold of $425,000."
With prices on the rise and good homes hard to find, it is crucial to have a market expert in your corner. I work with RE/MAX Action Realty in Fort St. John and my office sells around 60% of all the homes in town, dominating the local market. To have the inside edge on new hot listing and deals in Fort St. John real estate, contact me today 1-250-794-1515 cell. If you are a first time home buyer, I will explain to you all the government grants and RRSP programs available to you, saving you money on your home purchase.
If you have purchased real estate before and are in the process of finding a different home, investment property or expanding your business I can help. With 10 years experience and 700 sales under my belt I will give you the right advice to help you achieve your goals. You may be surprised to find out what your home is worth, call me for a free no obligation market evaluation. Residential real estate in Fort St. John is a great investment and the city is a vibrant place to call home.
(Source: B.C. pegs population growth to rebounding economy, The Globe and Mail, February 8 2014)