Housing Prices Dip in Region
The data indicates that in October, the average home price in the Northern Region ( which includes Prince George) was $265,459. That’s down from the $276,137 average price recorded in the same month a year ago.
The year to date average price also showed a slight decline, as the January to end of October average price in the region was $263,617, down less than 1% from the average price of $265,852 recording in the same ten months a year ago.
“Housing demand remained mixed across the province in October,” said Cameron Muir, BCREA Chief Economist . “Home sales across the Lower Mainland were down from the elevated levels of one year ago, but stabilized on a month to month basis. In contrast, home sales on Vancouver Island and in the interior of the province continue to post strong year-over-year gains.”