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January 2012 B.C. Economic Fundamentals

Ally

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Draft guidelines for New Prosperity mine review open for public comment



The public comment period on two documents related to Taseko Mines Ltd.'s controversial New Prosperity gold and copper mine southwest of Williams Lake is underway.





The Canadian Environmental Assessment Agency (CEAA) is accepting comment until Feb. 22 on the draft environmental impact statement guidelines and the draft terms of reference, both of which will be used during the project's review panel.





The guidelines provide direction to the proponent and identify the information that is required in the environmental impact statement





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Ally

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Evergreen Line puts Tri-Cities on fast track for development





The Tri-Cities are preparing for a rush in development applications after the province announced Wednesday that pre-construction would begin on the $1.4-billion Evergreen Line, following years of delays.




B.C. Transportation Minister Blair Lekstrom said the province has signed deals with two contracting firms - Pedre Contractors Ltd. and Hans Demolition and Excavators - to, respectively, install under-ground power lines and remove vacant buildings to prepare for construction of the 11-kilometre transit line linking Burnaby, Port Moody and Coquitlam.






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Ally

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B.C. real estate market set to stabilize in 2012




The British Columbia Real Estate Association's first-quarter forecast, released Friday, predicts that the average residential home will be listed at $548,500 in 2012, down 2.2 per cent from last year, while the average price of Greater Vancouver homes will drop 3.3 per cent to $754,000.





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Ally

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Demographics diverge for Cranbrook and Kimberley




`Two-thirds of everything.`




Back in 1996, that`s how University of Toronto economics professor David Foot explained the power of demographics in a book that became a best seller, a rarity for the `dismal science` known as economics. The 313 page Boom, Bust and Echo book was subtitled `How to Profit from the Coming Demographic Shift` and it sold more than 300,000 copies and remained on the best seller lists for years.




Foot explained how the `Baby Boomers,` the 32 percent of the Canadian population born after the Second World War, dominated Canada for three generations after the war but were now giving way to Generation X, the boomers` children or `bust generation` which make up 18 per cent of the population and hot on their heels the `Echo Generation,` 23 per cent of the population and now the children of the Digital Age





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