According to MoneySense, Fort St. John is the best place to live in BC and the territories – and 15th best city in Canada.
“Fort St. John accomplishes the difficult balance of offering both a strong economy and affordability, ranking in the top 25 per cent of all cities in affordability and low taxes.
Fort St. John has an average household income of $124,000 and an unemployment rate in March 2018 of 5.7 per cent, thanks to its oil, natural gas, forestry and agriculture industries. It takes just 3.1 years of the average resident’s household income to purchase the average primary residence in Fort St. John, valued at $386,000.”
According to the Alaska Highway News, Black Diamond Group is the latest oilfield service company to announce success in a flurry of contract awards for the Coastal GasLink Pipeline, which will service the LNG Canada project.
The company announced Monday it has secured a conditional $42.5 million contract for remote workforce accommodations for Coastal GasLink.
Trev Talks, Trevor Bolin spoke with business owner and Realtor Graham Pitzel about what affect LNG Canada has already had on Kitimat. He also spoke with the Mayor of Kitimat, Phillip Germuth. A final investment decision on the LNG Project is still expected this year.
Combine the end of a market glut of LNG with the approaching BC Government November 30 deadline to claim as much as $6 billion in tax breaks for the Kitimat LNG project and what do you get? A flurry of activity in Kitimat around the CA $40 billion LNG terminal.
According to Bloomberg, “The action is unmistakable in Kitimat, British Columbia, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights are on, shades open and SUVs parked outside a 49-unit apartment complex built to house Shell executives, which sat mostly darkened for the last two years. Local workers have left jobs at a Rio Tinto Plc smelter nearby to join contractors ramping up for the LNG project. Landlords are raising rents and houses are selling twice as fast as they used to in anticipation of a flood of workers coming to town.
“I would put money on it — it’s going ahead,” says Phil Germuth, mayor of Kitimat, who recently hosted a banker from Barclays Bank Plc visiting from the U.K. to examine the project. Germuth also met a group of officials reporting to the board of Mitsubishi Corp., one of the project’s five partners, who visited the site in May.”