Prince George will see a 25% jump in new housing starts this according to the BC Real Estate Association.
Chief Economist, Cameron Muir believes one thing is responsible for the increase.
“Prince George’s economy today is much more diverse than it was in the past, so it can withstand a downturn in global commodity price shocks than some of the smaller communities in the region that rely on one or two resource industries and when they face some weaknesses, the housing market struggles with demand.”
Housing markets in the north should see a jump in unit sales by 3% despite the downturn in the resource sector.
Something going on in the Prince George area you think people should know about?
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