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Use the link below to find out some great information regarding selling or buying a home - excellent reference material

http://www.linkedin.com/redirect?url=http%3A%2F%2Farchive%2Econstantcontact%2Ecom%2Ffs074%2F1103604999154%2Farchive%2F1105376143389%2Ehtml&urlhash=B3X8&_t=tracking_disc

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Baytex spending millions more in 2012!!!
http://www.prrecordgazette.com/ArticleDisplay.aspx?e=3411294#.TwOpAkICmls.email

On December 6, Baytex Energy Corp announced the approval of its 2012 capital budget of $400 million for exploration and development (E and D) activities.

"It will be a record year for our operations in the Peace River Oil Sands," said Brian Ector, Vice President of Investor Relations at Baytex.

"2012 will be the largest exploration and development cap program in our company's history being directed into the Peace River region."

The company's budget saw an increase of $45 million from its 2011 budget, which rang in at $355 million......  - to read the rest of what is happening in the Peace River area click on the link above to take you to the story

Peace River is beginning to move - and with the newly create Centre of Excellence soon to be in place to help those looking for opportunities in the oilfield industry  the future looks very bright ahead

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Mackenzie Pipeline has Federal Approval!

This pipeline appears to be headed for construction - now it wont happen for a few years but it is coming into Northern Alberta and other than High Level, Peace River is the most logical choice for workers, managers, etc.  If you look at my previous blog it will show the proposed routes and the southern one goes right in the Peace While the Northern on comes down by Zama it looks like.  Either way its more developement in Northern Alberta

Click on the link below for the full story 

http://www.calgaryherald.com/technology/Regulator+gives+final+approval+Mackenzie+Valley+pipeline/4418275/story.html

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Baytex buys Prosper Petroleum land interests in Seal Lake

On Jan 14 2011 Baytex anounced a multimillion dollar purchase in the Seal Lake area - and allocated about 60% of over 250 million in capital works to this area -  it may bit happen tomorrow but it will happen!! There is an estimate 5.6 billion barrels in the land area.  Better to be a part of the front runners than left catching up  For more information regarding Peace River and the Seal Lake area contact me at 1-780-618-5757 or email andygauvreau@peaceriverrealty.com

Follow these two links for the complete story - the second link will show a map of the area where the land acqusition was - Seal Lake is getting bigger by the day 

http://www.calgaryherald.com/business/Baytex+Energy+announces+million+acquisition/4113924/story.html 

http://www.baytex.ab.ca/operations/heavy-oil-acq-jan-2011.cfm 

 

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Mortgage rules change!!

In the next few months the Finance Minister of Canada will be changing the rules for financing mortgages - the 35 year mortgage will no longer be an option with  the maximum term being 30 years.  This will have a multiple effect on you the borrower .  For example, the amount of monthly payment will increase - for example a 30 year, 5%, $300,000 will cost about $1600 per month and will require a total minimum income of about $65,000 - $75,000 and a 35 year, 5%, $300,000 mortgage would cost about $1500 per month and would require a combined income of  $60,000 - 68,000.  If you are thinking of buying a home in the next few months talk to your lender and make sure your qualifications are intact if the rules change

 

The link below will give you the article for your information - read it and determine where you are

http://www.calgaryherald.com/business/Ottawa+toughens+mortgage+rules/4117842/story.html

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Oil price hit $90 barrel - activity is sure to increase

With all the news of the recession and job loss - you have to believe prices of this nature will only fuel the demand for oil and gas.  This article in the Calgary Herald shows what I anticipated all along and I believe will make the next year a great year in the oil industry.  Maybe not the high demand and crazy prices of 2007-2008 but still it will bring in demand for real estate and property.  Go to the site below and read the article

http://www.calgaryherald.com/business/Crude+prices+breach+barrel/4014358/story.html

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Mackenzie Valley Pipeline gets approval - proposed route by Peace River area

Great new for Northwest Alberta and the Peace River area - this article spells out the what has happened and after many years it looks like its going forward.  Look at my maps here that show the route and the natural gas hub tie-ins that will be the beginning of great things for Northern Alberta

 

http://www.calgaryherald.com/story.html?id=3989014

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Attachment(s): Map_NorthernPipeline.pdf

Oil activity in the Peace River area

As of July 2010 this is the latest map on the activity in Alberta.  If you have seen the last map I posted it was for 2008 and this map shows all the newest activity - its incredible when you see the sheer number of new projects and proposed project, billions will be spent

 

Click on this link to see the newest chart from the Alberta Department of Energy

 

http://www.energy.gov.ab.ca/LandAccess/pdfs/Projects_Jul2010_11x17_final.pdf

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Proposed and Existing Oil Projects in Peace River

As of July 2010 this is the latest map on the activity in Alberta.  If you have seen the last map I posted it was for 2008 and this map shows all the newest activity - its incredible when you see the sheer number of new projects and proposed project, billions will be spent

 

Click on this link to see the newest chart from the Alberta Department of Energy

 

http://www.energy.gov.ab.ca/LandAccess/pdfs/Projects_Jul2010_11x17_final.pdf

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Buyiny a home...

This article shows how important it is to have your finances in order when you are looking to buy a home

Follow the link below and read the article

http://www.vancouversun.com/business/Owning+home+becoming+more+affordable+Canada/3899091/story.html

by Andy Gauvreau | 0 Comments

These are some simple things that can help sell your house

Whether they are eager to sell their property so they can move to another location or simply want to downsize into a low-maintenance lifestyle, home sellers are often frustrated when their home won't sell or won't yield the cash they want from the sale. A good real estate agent will usually know the reason that a home sits on the market for too long or receives offers that don't meet the sellers' needs. The following mistakes sellers make might be among the reasons your home is still sitting on the market.

 

1. Setting the Price Too High Even home sellers who follow their local real estate market often assume their house is the one that has kept its value while others in the area have dropped. Or they believe that the condition of their home or the improvements they have made put them above the competition. But home prices are based only on what a buyer will pay, not what the seller wants. Work with a knowledgeable local real estate agent who will provide you with realistic, recent comparables for homes currently on the market - your competition - and then price your home accordingly. (For more, see Top 4 Things That Determine A Home's Value.)

2. Forgetting to Clean One of the quickest turn-offs for buyers is to see someone else's junk in a home just when they are trying to picture themselves in it. Not only do they not want to see your children's art projects (no matter how terrific they are), they don't want to see fingerprints on the walls, dust on the mini-blinds or dishes in the kitchen sink. The reality of selling your home means that you can't live the way you usually do. Even the neatest households find the level of cleanliness required when a home is on the market to be burdensome. Consider hiring a professional cleaning service just before you put your home on the market and try to keep your home in that sparkling clean condition when potential buyers arrive. Buyers may be comparing your home to a model home in which everything is new, so aim to have your walls, floors and surfaces as clean as the competition.

3. Forgetting to De-Clutter Buyers are looking at homes because they are trying to see if the space and amenities will accommodate and enhance their lives. If they walk into a home in which running shoes and hockey sticks fill the foyer, the closets are overstuffed with boxes or clothes and the kitchen counters are full of small appliances or collections of coffee mugs, the buyers will assume the house doesn't have enough storage. As a seller, one of the best and cheapest things you can do to entice buyers is to clear out your closets. Since you are intending to move anyway, this is a great time to pack up your belongings and get rid of unnecessary items. If you don't have the space to store your boxes in your home, consider renting a storage unit or asking a friend to keep a few things until you move. A few empty closet shelves and a cleared kitchen counter will make it easier for buyers to visualize their own belongings in the space. Better yet, they will assume the home has plenty of storage if you don't need to use it all. 

4. Not Letting Buyers or Real Estate Agents In If your home is already on the market, you know how inconvenient it can be to have the property presentable and available at all hours. Sellers sometimes try to limit the hours the property can be visited, but potential buyers and their agents will simply skip looking at a home if they can't get into it when they are ready. Buyers, particularly if they are from out-of-town, will often have a small window of time in which to view homes. Buyers who work full-time need to come by at dinnertime or on the weekend, just when the sellers want to be home, too. Try to remember that the easier your place is to see, the more likely more real estate agents are to show your home. Be sure to leave when the potential buyers arrive. Buyers find it extremely uncomfortable peeking into your closets, bedrooms and baths while you hover around, and are likely to spend less time in the property.

5. Spending Too Much on Remodeling or Repairs Don't be tempted to put in a new kitchen or a new bathroom before you put your home on the market. "The 2009 Remodeling Cost Vs. Value Report", produced annually at the end of each year by Hanley Wood LLC, Remodeling Magazine and Realtor Magazine, lists projects and the typical return on the investment in that project. Try to find low-cost improvements you can make to your home, such as replacing the kitchen faucet or painting the cabinets, rather than redoing the entire room. A real estate agent can give you advice on what must be done, such as painting a room or two, and what is unnecessary. 

The Bottom Line Avoiding these mistakes won't necessarily guarantee a quick sale at a desirable price, but sellers who are better prepared should have a greater chance of getting to the settlement table.

Here is some more information to help you determine the value of your home 

Top 4 Things That Determine A Home's Value
at http://www.investopedia.com/articles/mortgages-real-estate/08/housing-appreciation.asp

 

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For Sale in Industrial Park West Side of Peace River

• 13,499 sq. ft. single story industrial Building L061308 - MLS®  - Large Industrial Property

 -  Large industrial building located on the west side of Peace River with good highway access to all points. Building is 13499 square feet which can be isolated into 3 separate areas. Area 1 is about 3200 square feet, area 2 is about 3600 square feet and area 3 is about 6700. Area 3 is currently rented out at $5000 per month with approx 4 years left on the lease. Included with the building are two large outbuildings that can store large bulk supplies. The 2 lots together encompass the corner area and offer about 100,000 square feet of space. In the past this location housed on of the largest road construction/oilfield service companies in the area so the uses can encompass some of the largest construction equipment and tractor trailer units. Area 1 also has a 30 ton hoist that is operational but has not been certified (all chattels are sold as is the condition they are in at this time)

Property information

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Peace River Oilsands Project
 

Alberta's Oil Sands Projects - Alberta Energy

 

I found this pdf file while looking for some information on what was happening in the Seal Lake area and Murphy Oil.  This shows the activity and the proposed activity in the three big areas - Ft MacMurray, Cold Lake and Peace River.  There is no doubt that this area is set for some activity in the next few years and from all the discussion on the streets of Peace River, the activity seems to be going already.  I have been told by a oil field service contractor that a employee of the Country estimated truck traffic in the Seal Lake area on the main road that has recently been paved to be 600-800 vehicles per day - and this is just on one road into the area for access from Peace River.  It can only get bigger and better

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Single Story For Sale in South End Peace River

DSC02822

• Single Family - One level - MLS® L061184

 

Property information

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Interest rates and steady pricing

Here is a housing article out of Toronto - unfortunately not everything tracks the same in the east as it does in the west but I think in general the article shows that housing has stabalized after dropping for a year and a half.  I however think that next year will be a great year to sell or buy property as the Bank of Canada doesn't see a rate increase in the next little while which will help housing sales

 Read this article as it has some very good points

Low interest rates and steady pricing support stable housing market: economists

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