The average year to date selling price for residential detached homes in Prince George has gone up $57,315 since 2016, according to third quarter data from the BC Northern Real Estate Board.
“The Prince George market, and the northern BC market in general, is always on the rise,” explains BCNREB Director Shawna Kinsley.
“We don’t have great big peaks and valleys like the lower mainland does but we are pretty steady upward in Prince George. That’s always been the trend and probably will continue.”
To the end of September in PG, 1,082 properties worth $341.3 million changed hands, down from the 1,238 worth $358.5 million at this point last year. 
This should not be the case, says Kinsley, bringing up the alternative of renting. She notes people can often pay more renting than owning a home and reminds potential buyers to do two things.
“Start saving for a down payment and be aware that when you’re getting into a market with increases over the years, that’s a good thing too. That does show a strong economy and it does make for a good investment when you’re getting into the market.”
BCNREB President, Court Smith, issued a statement on the current real estate landscape as it relates to the third quarter numbers. In it, he notes “the economy in the north and north central regions of the province remains strong” and “BC Northern real estate markets overall have been steady and doing well when compared to the southern areas of the province”.
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