Prince George with a population of around 77,000 is facing an economic downturn. This is mainly due to the softening of the lumber industry.
The City is a centre for mining companies that operate in Central B.C. There are reports that indicate along with the current mining of minerals the area is showing promise of petroleum resource potential.
Prince George is also at the cross-roads to the northwest coast where there are a number of new projects in play to support shipping to the orient.
Century 21 reports that values are essentially flat year over year while the B.C. Northern Real Estate Board claims the average Prince George house price is up six per cent this year.
CMHC reports the vacancy rate as of October 2007 for all apartments in the city stood at just 1.9 per cent down from 2.6 per cent the year before.
Housing starts were down slightly in March and also year to date however this is not indicative of a trend this early in the year.
Prince George is also a major shopping centre for many surrounding communities within a one to two hours drive.
Final though: A quick MLS search showed a multitude of housing options under $200,000
The City is a centre for mining companies that operate in Central B.C. There are reports that indicate along with the current mining of minerals the area is showing promise of petroleum resource potential.
Prince George is also at the cross-roads to the northwest coast where there are a number of new projects in play to support shipping to the orient.
Century 21 reports that values are essentially flat year over year while the B.C. Northern Real Estate Board claims the average Prince George house price is up six per cent this year.
CMHC reports the vacancy rate as of October 2007 for all apartments in the city stood at just 1.9 per cent down from 2.6 per cent the year before.
Housing starts were down slightly in March and also year to date however this is not indicative of a trend this early in the year.
Prince George is also a major shopping centre for many surrounding communities within a one to two hours drive.
Final though: A quick MLS search showed a multitude of housing options under $200,000
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