House sales

Some homes selling in the $1 million range in PG

Apr 22, 2022 | 1:50 PM

PRINCE GEORGE – Homes prices across Canada are at an all-time high, with some homes even selling in the million-dollar price range in the Prince George market. These prices, for many, are somewhat of a first for this market.

President of Remax Core Realty, Shauna Lynch, has seen the average house price in Prince George creep into areas we have not seen before. Some homes have even broken through the million-dollar mark.

According to Elton Ash, Executive vice president, of Remax Canada, Prince George’s housing market price is no different than other communities across the nation.

Ash says one of the reasons the home prices are on the rise in communities like Prince George is because people are moving out of the bigger cities looking for a lifestyle change.

Toronto and Vancouver lead the country regarding real estate valuations and market activity. Currently, the market activity is going through another change.

The average selling price for a single-family detached home is around $520 thousand dollars in Prince George, increasing from approximately $470 thousand back in February 2021.