March MLS Stats

Time for the MLS listings update for March, 2008.

It looks like listings have gone up in Kitimat slightly, and have decreased in Terrace by a minor margin.

Doesn't look like spring will be here for a few more months, so housing activity will be slow while the northwest is in a virtual deep freeze both weather and economic wise.

Anyone going mining or gambling?

Project Canned?

Rumor has it that the project on the old TLC lands that has been proposed by WestCoast Hospitality Inc. has fallen through.... Project details below, courtesy of the Terrace Standard.

THE OWNERS OF the new gaming centre in Prince Rupert say they've struck a deal with the Terrace Lumber Company to buy 20 acres of its former sawmill site. And they say they have an option to purchase the remaining 53 acres that are up for sale.

WestCoast Hospitality Inc. says it wants to build a hotel, convention centre and entertainment complex on the 20 acres.

It says additional lands would be used for small retail, restaurants, box stores and residences.

In addition to the just-opened Chances casino in Prince Rupert, WestCoast Hospitality owns the Coast Hotel in Prince Rupert and it has a majority interest in the Treasure Cove Hotel in Prince George.

"Terrace has a tremendously bright future and with the developments in Prince Rupert (container port), Kitimat (Alcan) and mining to the north, Terrace is perfectly situated to continue to be the service centre of northwestern B.C.," says WestCoast president Craig Briere.

Link to article.

Going Mining

One of our contributors wrote in to ask when Terrace is going mining, as is clearly indicted on the signs posted at the new Skeena Bridge, and downtown. That's a good question, because at this point in time it is really debatable if Terrace is really going mining, such as to the signs put up by the Terrace Economic Development Authority (TEDA), would lead you to believe.

With one mining project suspended, another one on the verge of closing (Kemess), and not much else on the immediate horizon, we really need to question the value of these signs. Sure, they might bring hope to some, but that's really about it folks. I doubt they would even make good firewood.