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Housing sales in Northern BC continue to surge well into the fall

It’s been a fruitful fall for Northern BC home sales, as the region experienced a 25% spike last month when compared to October 2019.

In addition, the average home price in the north reached 345-thousand last month, an 12.6% increase from last year, while the average price in PG remains higher at 409-thousand.

Brendon Ogmundson with the BC Real Estate Association told Vista Radio the majority of the sales occurred in some of the smaller communities.

“There are some interesting regional differences too as Prince George was pretty much flat year-over-year where the rest of the region is up considerably. Perhaps, we are starting to see a slow down while other areas are going strong.”

He expects demand to remain high in our region heading into next year as major projects such as LNG continue.

“I think that is going to continue especially with some of their major projects in relation to LNG that’s really going to start to drive them in and then you combine that with affordability in the region.”

“We don’t expect there to be any serious lockdowns or anything that’s really going to affect the market in a long-term way, we might see some hiccups here and there but overall, over the next year, we expect to see some pretty strong sales.”

In BC, the average residential price was just shy of 813-grand, which is a record – that’s a jump of 12.5% from the same month last year.

Something going on in the Prince George area you think people should know about?
Send us a news tip by emailing [email protected].

Brendan Pawliw
Brendan Pawliw
Since moving to Prince George in 2015, Brendan has covered local sports including the WHL’s Prince George Cougars, Prince George Spruce Kings, UNBC Timberwolves, Cariboo Cougars AAA, and Northern Capitals U18 female hockey teams. Career highlights include play-by-play during the Spruce Kings' BCHL championship runs in 2018 and 2019, including the Doyle Cup win. He also covered the 2019 National Junior A Championship, the 2017 Telus Cup, the 2022 World Women’s Curling Championship, and the 2022 BC Summer Games. Brendan is the news voice on 94.3 The Goat and Country 97 FM, reporting on crime, real estate, labour, and environmental issues. Outside of work, he officiates box lacrosse and fastball, sits on the Prince George Sports Hall of Fame board, and co-hosts the Hockey North podcast.

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