Eurocan announcement brings 390 million dollars in lost values on Kitimat homes

Since the announcement of West Fraser Timber’s plans to close it’s Eurocan pulp operations in Kitimat, the value of housing in that community has taken a steep drop. With the anticipated drop in value of homes there to be around 25 to 30 percent or 390 million dollars in declining value.

That was one of the impacts outlined to Prince George radio station CFIS FM on Monday, as Kitimat Mayor Joanne Monaghan updated radio host Ben Meisner on what was happening in the community since that October announcement that shook the town…

(from  the blog a town called podunk, click on the link below to see the entire article … 1704352870 )