[quote=“jesus”]Uhh alcan is real. Its a multi billion dollar project that is really going on and is driving prices. Its not speculation its real. If nothing else comes prices will come down but right now there is a reason beyond pure speculation for the prices. The piss ass projects in rjpert like the pellet plant just dont compare.
The port was operational long before the price jump so you cant say that has anything to do with it. These high prices are not a result of development or prosperity like in kitimat. If something goes ahead great you will make money. if nothi.g does there will be a massive correction. Houskng in terrace is much more reasonably priced than rupert and therefore if nothing goes forward in kitimat you stand to lose less money than in rupert because the correction will be smaller. Imo now is the time to sell assets in rupert and buy elsewhere where prices are undervalued.
Kitimat has as many projects proposed as rupert if not more and if i recall correctly they are closer to realization than the ones in rupert. So please tell me why should i risk MORE money in a notoriously business unfriendly city that currently has nothing going for it but the usual hopes and dreams? Big things are comi.g right? Well why wouldnt i choose to risk less money that will gain the same if not bigger return? The risk is the same its a no brainer[/quote]
Both BTHEDOG and I both said other than Alcan what else is going on, and your first words were “Uhhh Alcan is real”. Nothing Jesus is guaranteed with LNG for either areas, we could have missed the boat on that. I have lived my whole life in the Northwest I have seen it all, spending my youth in Terrace and adult life in Rupert. I beg to differ about house prices in Terrace, they are not more reasonably priced. Terrace is not a union town so the wages earned are not as high. There is no crystal ball telling us what exactly is going to happen, its a wait and see game.[/quote]
Other than nothing what is driving prices in rupert? Speculation. There is a reason for kitimat prices and none for rupert prices. As for the work reduction yes there will be a reduction in alcan employees mostly through retirement. There will however be maintenance contraxtors that will be employing people. The modernization is less about automation and more about being able to create more product for less money.
Prince rupert is its own worst enemy. Its your money do what you want but I wouldnt touch that highly inflated market. Terrace is a good investment imo but almost amywhere is better than rupert right now.