Latest Headlines
Home / News / Real estate board sees bright spots across northern BC

Real estate board sees bright spots across northern BC

The BC Northern Real Estate Board says it’s seen some surprisingly bright spots across the northern housing market.

Board President William Lacy says there are still some concerns in the mid-year numbers released this week, but he says many areas are up over last year which bodes well for the north.

A total of 2389 properties were sold through the Multiple Listing Service during the first six months of 2016, up slightly from 2376 during the same period in 2015. The value of the properties was $611 million compared with $601 million in 2015.

Lacy says, ideally, a couple of major project announcements in the latter half of the year will provide a spark for markets.

Kitimat, Terrace, Prince Rupert, and Williams Lake all saw increases in the year-to-date average selling price for a single detached home while Quesnel, Smithers, Fort St. John, and Fort Nelson saw declines.

About Bill Fee

Leave a Reply

%d bloggers like this: