September was a resurgence of sorts for home sales in Northern B.C. and across the province.
According to the B.C Real Estate Association (BCREA), 368 units changed hands last month, a 17.6 percent spike year-over-year when compared to September of 2024 (313).
Active listings in our region saw a five percent dip in the past twelve months going from 2,127 (September 2024) to 2,018 (last month).
Economist, Amit Sidhu told Vista Radio, our region continues to be resilient in the face of some economic uncertainty.
“I think buyers are starting to get more and more encouraged to actually come off the sideline, which is something that we expected to have happen. But in the case of the north as we have talked about, this region has been resistant to everything that has gone on.”
“Year-to-date, the north has around 32-hundred unit sales and they are 4.2% above the same time last year.”
The only thing standing in the way of even more sustained success are some potential industrial headwinds that could impact the economy.
“There are some worrying signs in the economy and the face that our now forecast estimate has seen negative growth for the last two quarters and we think that is reflected in the all of the tariff uncertainty, which impacts some of the commodity faces, which the north specializes in.”
The average house price in Northern B.C. was $441,465, an uptick of 2.6 percent when compared to the same month last year $430,430.
That price was a bit higher in Prince George at $545,424.
Provincially, 5,782-unit sales were tallied in September an increase of 4.4 percent on a year-over-year basis.
The average residential price in the province last month was up 0.4 per cent at $948,296 compared to $944,298 in September 2024.
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