Housing assessments in Prince George down slightly year-over-year

“Compared to previous years, the region’s real estate market has mostly softened and that is reflected with the 2024 property assessments.”

Overall, North Central BC’s total assessments increased from about $90.4 billion in 2023 to over $95.2 billion this year. A total of about $1.72 billion of the region’s updated assessments is from new construction, subdivisions, and the rezoning of properties.

In communities outside Prince George like Quesnel, there was no change with the average single-family home assessed at $330,000. In Vanderhoof, assessments dropped two percent to an average assessment of $319,000.

But in Mackenzie assessments were up 8 percent to an average assessment of $179,000 and in Fort St. James assessments went up four percent to an average assessment of $207,000.

The highest assessed property in North Central B.C. was located in Dawson Creek and is located at 6653 Lakeshore Drive Moberly Lake. It was assessed at $4,572,000. The second highest assessed property was located in Prince George at $3,252,000 and is located at 7765 St. Dennis Place.

by Greg Fry

Housing assessments in Prince George down slightly year-over-year

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