BC property benefits from LNG plans
The potential for a provincial boom from proposals to export liquefied natural gas has led to growth in property values in northwest BC. The latest BC Assessments figures show that Kitimat, Terrace and Prince Rupert have seen a period of increase from 2011-2014 and has been attributed to the prospect of an LNG fuelled boom. Kitimat saw a 124 per cent increase in prices in the 3-year period while Terrace and Prince Rupert saw a relatively modest 52 and 34 per cent respectively. However the effects won’t last without energy firms’ plans turning into reality. There have been initial engineering and exploration works taking place but firm commitments are lacking.