Listen Live
Listen Live

PG and Northern BC housing market tightens in April: BCREA

If you’re still waiting to find your dream home in Northern BC, you might be out of luck.

Active listing across Prince George and Northern BC dropped 19% last month when compared to the same time last year.

“If you look at that ratio between supply and demand markets across the north are much tighter today than they were a year ago and that signals prices are going to be increasing at the two to three percent range,” says Cameron Muir, BC Real Estate Association Chief Economist.

Just under 400 properties were sold across the region compared to 350 within the same period last year.

Muir adds the north seems to be bucking the trend when compared to everybody else.

“Home sales are actually up around 12.5% when compared to a year ago and the north is certainly fairing much better than the southern half of the province, the southern half is being impacted by the new mortgage rules and regulations.”

“Home prices across the north are up around 2.5% and that’s in April compared to a year ago and when we look at the first four months of the year it’s up about 3.5% and that’s right around expectations.”

Northern BC is also way more affordable than most other parts of BC leading many younger professionals up this way and finding desirable employment.

“Affordability is important but what is also important is jobs, we’ve seen the province get near full employment when it comes to jobs so there are lots of opportunities that arise out of the north in terms of the resource industry, manufacturing can attract younger, footloose residents into the northern region and help underpin overall housing demand.”

The average home price for the region is now $291,100.

Prince George’s average price is still a bit higher at $320,000.

The northern capital is still expected to lead the region in 2018 due to its diverse economy and abundance of services and educational opportunities at CNC and UNBC.

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.

Continue Reading

cjci Now playing play

cirx Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hartley’s Sports Shorts; Monday, September 15th

Prince George Kodiaks  35  Valley Huskers (Chilliwack)  35   (Saturday tie)The Huskers scored the go-ahead touchdown to make it 35-34 with 40 seconds left in the game, however the Kodiaks tied the game with 4.8 seconds remaining on a missed 15-yard field goal that went for a single point.

Prince George’s Terry Fox Run brings in $16,000 and counting

Hundreds of Prince George residents put shoes to pavement for the 45th Annual Terry Fox Run this morning (Sunday) in Lheidli T'enneh Memorial Park."We have made it bigger and better this year," said Organizer Sylvia Masich. 

City Council to discuss e-scooter pilot project

Prince George City Council will be taking a look at a pilot project that would bring electric kick scooters to the City. At this week's meeting, taking place on Wednesday, City Council will discuss a report on the pilot project, which is being put on by the Province. 

Cougars drop final preseason matchup in Quesnel

The Prince George Cougars capped off the preseason with a 3-2 overtime loss to the Kamloops Blazers at the West Fraser Centre in Quesnel. Dmitri Yakutsenak, a new import player for the Cougars, opened the scoring 15:17 into the opening frame, with Kayden Lemire and Carson Carels picking up assist. 

Wild fourth quarter ends in a tie for Kodiaks and Huskers

Possibly the most anti-climactic finish to an exciting final few minutes, the Prince George Kodiaks and Valley Husker fought hard to a 35-35 draw."Tough team, Chilliwack's a good team, we found a way to hurt ourselves again, that's eight games in a row of hurting ourselves," said Kodiaks Head Coach Jamie Boreham. 
- Advertisement -