Affordable home prices in Northern B.C. to attract buyers

As the real estate market continues to heat up in the Lower Mainland, more and more people will be drawn to more affordable prices up north.

As the real estate market continues to heat up in the Lower Mainland, more and more people will be drawn to more affordable prices up north, says William Lacy, President of the B.C. Northern Real Estate Board (BCNREB).

“The bright spots we are seeing are the southern areas of the board, with activity up above last year’s levels,” he said. “There will be more of an impetus for people to move away from the higher-priced centres toward a more affordable area with an extremely high quality of life, which the northern part of the province has always provided.”

The BCNREB reported 859 sales with a value of $217,657,633 through the multiple listing service (MLS) in the first quarter of 2016. This compares with 856 sales worth $213,161,426 to the end of March, 2015.

As of March 31, there were 3973 properties of all types available for purchase through the MLS compared to 4023 at this time last year.

“Although we are dealing with the hurdles that come from lagging oil prices in the furthest northern reaches of our board, we are still seeing steady and strong demand for this time of year when we look at the board as a whole,” said Lacy. “Once oil bounces back and a few of the large initiatives get up and running, the northern areas will be bustling with activity.”

Burns Lake: 16 properties worth $1.4 million have changed hands since January 1. At the end of March, there were 102 properties of all types available for sale through the MLS in the Burns Lake area.

Smithers: Realtors in the Smithers area reported 44 sales with a value of $9.4 million to March 31, 2016. In addition to the 16 single family homes that sold, four parcels of vacant land, eight homes on acreage and two manufactured homes on land changed hands this year.

At the end of the first quarter there were 221 properties of all types available for purchase through the MLS in the Smithers area.

Vanderhoof: Realtors in the Vanderhoof area reported 13 sales worth $2.4 million in the first quarter of 2016. At the end of March, there were 116 properties available for purchase through the MLS in the Vanderhoof area.

Fort St. James: In the first quarter of 2016, there were 13 sales worth $2.7 million in the Fort St. James area. As of March 31, there were 67 properties available on the MLS in the area.

City of Prince George: 281 properties of all types, worth $76.3 million, have changed hands in the first three months of 2016 in the City of Prince George. At the end of March, there were 600 properties of all types available on the MLS within the city limits.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

An aerial shot of Cedar Valley Lodge this past August, LNG Canada’s newest accommodation for workers. This is where several employees are isolating after a COVID-19 outbreak was declared on Nov. 19. (Photo courtesy of LNG Canada)
52 positive COVID-19 cases now associated with LNG Canada site outbreak

Eight cases still active, 44 considered recovered

Questions around rail safety, firefighter safety, cleanup near the rail yards and tracks, whistle cessation, etc were raised during the RDBN meeting with CN. (File photo)
‘Lot of our concerns are still not being heard,’ say RDBN directors on CN’s response

Frustrated over lack of solutions, despite communicating their concerns to CN

Barbara Patrick. (Submitted/Lakes District News)
Former Burns Lake local to play the first Indigenous character in a Hallmark movie

Barbara Patrick, a former LDSS student takes a huge step for the Indigenous community

The Burns Lake RCMP is supportive of having a ticketing bylaw in place even though there would be limitations on what they could ticket on. (Priyanka Ketkar photo/Lakes District News)
Burns Lake might be getting a ticketing bylaw

Will help extend RCMP’s authority to attend to noise complaints

A B.C. Ambulance Service paramedic wearing a face mask to curb the spread of COVID-19 moves a stretcher outside an ambulance at Royal Columbia Hospital, in New Westminster, B.C., on Sunday, November 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. records deadliest weekend of COVID-19 pandemic with 46 deaths; more than 2,300 cases

Provincial health officer Dr. Bonnie Henry provides COVID-19 update

B.C. researchers launch study to test kids, young adults for COVID-19 antibodies

Kids and youth can often be asymptomatic carriers of the novel coronavirus

A sign is seen this past summer outside the Yunesit’in Government office west of Williams Lake reminding visitors and members to stay safe amid the COVID-19 pandemic. (Rebecca Dyok photo)
B.C. First Nation leaders await privacy commissioner decision on COVID-19 information

Release of life-saving data cannot wait, says coalition of First Nations

MLA Jennifer Whiteside is B.C.’s new minister of education. She is speaking out against Chilliwack school trustee Barry Neufeld and asking him to resign. (Black Press)
New education minister calls on Chilliwack trustee to resign

Whiteside echoes former minister’s promise to look at options to remove Barry Neufeld

Peter Beckett. ~ File photo
Supreme Court of Canada to decide if it will hear appeal in 2010 wife murder trial

Peter Beckett has stood trial twice for murder in connection with the death of his wife, Laura Letts-Beckett

Tabor Home in Abbotsford. (Ben Lypka/Abbotsford News)
B.C.’s largest COVID-19 care-home outbreak records 19 deaths, 147 cases

Tabor Home in Abbotsford has been battling outbreak since Nov. 4

Ash and Lisa Van carry a freshly cut Christmas tree while wearing personal protective masks at a Christmas Tree Farm in Egbert, Ontario, Sunday, Nov. 29, 2020 THE CANADIAN PRESS/ Cole Burston
‘Everyone wants a tree and they want it now’: Christmas tree sales on pace for record

Anticipated demand for Christmas trees has sparked a rush by some to purchase more trees wholesale

Business groups have been advocating for years that local approvals for construction in B.C. are too long and restricted, and that B.C.’s outdates sales tax deter business investment. (Black Press Media file photo)
B.C. residents worried about COVID-19 deficit, business survey finds

Respondents support faster local approvals, value added tax

Most Read