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City releases economic update

The City’s latest economic update is out.

On the real estate side of things, the number of newly constructed houses jumped in November, with 23 units, compared to 16 in 2014.

But total home sales in Northern BC came out at 266 units, down 3.5 percent from a year ago.

The Average home price from 2015 was near $259,301, which also represents a decrease of 3.5 percent from November 2014.

The report also found Prince George s unemployment rate decreased slightly to 6.5 percent in November 2015, from the previous month’s 6.6 percent.

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That’s a 2.1 percent jump from November of 2014.

The rate is much higher than the provincial average, but is in line with the national rate.

When it comes to travel through YXS, travel was down by a very marginal level, (.02 percent), though there was a spike in traffic going through Vancouver.

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