Real Estate Tracker, week ending July 31, 2016

Our weekly review of the listings of the local real estate agents, tracking those properties which appear to be driving the local price structure for the North Coast.

Every Monday, we look over the listing prices of the past seven days and outline the Top 10 asking prices in the area, providing a snap shot as to where the Real Estate market may be trending on a week to week basis.

The listings below are purely for information purposes, for further background on the properties recorded, see our links page for access to the individual real estate listings.

The Archive for our weekly review can be found here.

Our list of the top ten priced homes for the week ending July 31 is below:

Prince Rupert Real Estate West
Side July 31 2016

Prince Rupert Real Estate East
Side July 31 2016

One new entry marks our list to bring July to an end, with a property on the east side of town making its way to the list of ten for the week just completed.

The change to the roster means our lower range shifts upward for the week to the $439,000 value, while our top end remains at $575,000.

The balance of properties shifts for the week as well, with six properties noted on the west side of the city and four properties now listed from east of the city's McBride Street dividing line.

Below find our findings as of the Week ending July 31, 2016

2085 Graham Avenue                   $575,000  --  Remax
1724 Graham Avenue                   $545,000  --  Royal Lepage
1311-13 Sloan Avenue                  $529,000 --  Remax
333 11th Avenue East                   $485,000 --  Royal Lepage
1125 Summit Avenue                   $469,900  --  Remax
1735 Graham Avenue                   $469,000  --  Remax
112 Raven Place                           $444,900  --  Remax
947 11th Avenue East                   $443,000 --  Remax (new)
100 Alpine Drive                          $439,900  --  Remax
1538 7th Avenue East                   $439,000 --  Remax


For more items related to Real Estate see our archive page here.

For background on Housing issues in the region see our past items here.

CityWest provides dividend forecast for City Council

Monday's city Council session provided an overview of anticipated revenues coming to the city for 2015 and one item that no doubt caught the eye of Council members was the observation from the City's Financial Officer, that CityWest will deliver another 400,000 dollars in 2015.

The issue of CityWest dividends has been a lively topic at City Council sessions in recent years, as the City owned telecommunication company reduced its financial return to its only owner.

Last year's 400,000 dollars was an increase from the original proposal of a 250,000 dollar divined in the Spring of 2014, a notice that at the time put the communication company back in the spotlight for Council members.

Mayor Lee Brain accepting CityWest
dividend payment in December 2014

Late last year CityWest celebrated its delivery of the 400,000 dollars, heralding the financial return with a picture of Mayor Brain in possession of a huge novelty cheque for the event

In 2013 Council members reacted with a mixture of surprise and anger, at the prospect that no dividend would be provided that year by the communication company that year.

An alarm bell that seemed to signal to Council that more attention was required on its investment.

Last October, the City announced a number of significant changes to the CityWest Board of Directors, putting in place the majority of its upper level of City staff members into positions of oversight at CityWest.

Considering that Prince Rupert once counted its dividend returns in the millions and not the hundreds of thousands of dollars.  It will be interesting to see if Council members suggest that the CityWest Board members perhaps should sharpen their pencils and offer up a larger amount of return on investment by the time the final budget deliberations are concluded.

For more items related to CityWest see our archive page here, for other discussion topics at City Council see our archive here.