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Will more BC residents relocate to Prince George?

Many BC homeowners are thinking about selling their homes to take advantage of lower property costs elsewhere.

That’s according to an Insights West poll, where nearly three-quarters of respondents believe house prices and interest rates will rise in the next two years.

In addition, 17% of homeowners are thinking of selling in the next two years.

Bob Quinlan with RE/MAX Core Realty spoke with MyPGNow.com.

“I tend to agree with everybody that interest rates are going to go up. But, low-interest rates are what is driving this market, and as interest rates go up people can borrow less and afford less so price increases will also be a little bit less.”

“We are starting to see more homes come on the market and sellers who are swinging for the fences with high prices.”

The poll also states 29% of BC homeowners polled are looking to downsize, cash out, or move to a cheaper location in the next five years.

Quinlan noted we’re already seeing this trend in the northern capital.

“Baby boomers who are possibly downsizing, moving to easier living homes and we are also seeing people who are relocating to Prince George because of the possibility of employment and the cost is less.”

“We are becoming a greater diverse type of city. I have to agree with these numbers overall – when you total up the numbers overall, it looks like about 40 or 45% are thinking and moving in the next couple of years and if you add to that in the next year, there is probably going to be about 10 or 15% that are going to have to move. Those are healthy numbers.”

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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