Housing sales in the north continue to hover around historical averages despite some global instability.
That’s according to the fourth quarter forecast from the BC Real Estate Association.
Economist, Amit Sidhu told Vista Radio while this year will likely see a slight decline for our region, we are still doing better than most of the province.
“All together we’re expecting home sales in the north for 2026 to be at around 4,000 unit sales, which is 1.6% below 2025, between 4 and 7% I believe beneath that long-term average.”
“I think that just the relative affordability of the region is really helping sort of insulate the area from some of these broader pressures because perhaps for a lot of people that financial burden isn’t as much of a pinch or a squeeze as it is in areas such as the Lower Mainland.”
As for 2027, the BCREA is projecting 42-hundred unit sales for Northern BC, which would equate to a year-over-year increase of five percent.
“When we look at 2027, we do hope some of these broader pressures—namely on mortgage rates and also on some of these inflationary pressures right now related to trade and global conflicts—we hope that some of these pressures temper in 2027.” added Sidhu.
In addition, Sidhu mentioned the north remains the only region with home prices under 500-grand and that some recent job creation is helping with the economy.
“On the economic front we’ve seen quite a resurgent economy in the northern region throughout the summer and into the fall. That’s really been tied to some very strong employment growth in the Cariboo and North Coast regions.”
In October, home sales in the north remained the same year-over-year.
Active listings in the north has spiked by 4.5 percent in the past 12 months going from 1,785 to 1,866.
The average home price in Northern BC dropped by 4.7% in the past calendar year to $424,053 after it was $444,936.
Province-wide, 5,670 residential unit sales were recorded in October, down 10.9 per cent from the same month last year.
The average residential price in BC during October was down 2.8 per cent at $949,832 compared to $977,117 in 12 months earlier.
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