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Home sales are up compared to last year
Courtesy of terraceinfo.ca

Home sales are up compared to last year

Numbers are up for homes sold during the first six months of this year when compared to last year.

The BC Northern Real Estate Board noted numbers are up except for a few locations.

For Terrace 118 properties sold so far this year compared with 134 last year to date. For Kitimat sales stand at 29 this year compared with 47 last. For Houston, 24 have sold this year where last year to date 33 properties sold and Fort St James had 29 sales this year while last year the sales number was 33.

For the other locations sales are up and in some cases substantially.

For Prince Rupert sales numbered 120 this year compared with 101 last. Smithers saw 149 sales while last year to date that number stood at 126, Burns Lake sales this year number 40 while last year 34 properties sold, Vanderhoof sales numbered 60 so far this year while in 2016 the number stood at 49, Fort Nelson had 25 properties sold so far this year compare with 81 last year.

According to John Evans who is the president of the Northern Board, June was a very strong month for sales and in fact it was the fourth highest June for sales over the past 10 years.

Not all the news is positive. Evans points out communities dependent on oil and gas or were counting on LNG development found sales numbers were down year to year. Continued employment at the site “C” dam coupled with recent hiring on a few other small projects has helped the market. Evans notes Prince Rupert is going strong banking on the Altagas Propane Terminal Project.

Keep in mind however, the sales number in Prince Rupert were calculated before the Pacific Northwest LNG project was canceled.

About Dave Bondy

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