The British Columbia Real Estate Association’s first quarter housing update for 2016 provides a positive outlook for Prince George.
Chief Economist, Cameron Muir says the city is doing better than the rest of the north due to one thing.
“In Prince George the economy is much more diversified so we do see sales doing better than the north as a whole and we also see prices still rising nut at a modest rate within the two percent range.”
Muir adds with BC being one of the best performing economies right now it will drive a lot of migration from other parts of Canada including Alberta.
From the pricing side of things the Northern BC will see a price reduction of up to 5% in that area with Prince George being the only exception.
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