Warning: call_user_func_array() expects parameter 1 to be a valid callback, class 'AGPressGraph\manipulator' does not have a method 'httpsCanonicalURL' in /home/cfnrfm/public_html/wp-includes/class-wp-hook.php on line 286
Latest Headlines
Home / News / Northern real estate numbers steady despite energy slump: report

Northern real estate numbers steady despite energy slump: report

Northern real estate numbers steady despite energy slump: report

The BC Northern Real Estate Board remains optimistic despite a reduction in sales volume during the first nine months of the year compared to 2014.

Vice President William Lacy says it’s reassuring to see that overall numbers are holding strong despite a slump in energy prices and an overall economic lull.

The board says 3833 properties worth $979.3 million have changed hands in the first 9 months of 2015 compared to 4195 properties worth $1.07 billion sold in the same period last year.

Lacy says some areas have been hit harder while others are showing bumps in price and overall activity which has helped to create a balanced third quarter result.

The average selling price for a single detached home in Kitimat dropped by about $15,000 compared to the same period last year while Terrace saw the average selling price increase very slightly. Prince Rupert saw its average selling price jump by about $34,000.

The real estate board says it is looking for a solid close to the year and for increases to resume next year.

The BC Northern Real Estate Board third quarter report can be found here.

About Bill Fee

Leave a Reply

%d bloggers like this: