So what is FireSmart?

• Average rental unit prices have increased 66% between 2005-2020
• Average home sales prices have increased 140% between 2016-2020
• 9,440 renter households, with 3,702 registered rental units
• 655 owner households in core need

The housing needs assessment, authored by Urban Matters in 2021 and presented to city council on Monday, found that rapidly increasing sales prices and rents and limited primary rental units are putting strain on both renters and homeowners.

Additionally, complex social issues such as homelessness and discrimination are factoring into the ability of marginalized people to find and maintain housing.

The report forecasted that Prince George is in need of about 10,903 units across every housing type by 2031.

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Here is link to the official City of PG Housing Needs Report Dec.2021 -  Click Here

Booming multi-family construction permit values up nearly 70 percent over 2020’s record-breaking year

Prince George, BC - According to a staff report going to Prince George City Council later this month, building permit values registered at the City of Prince George climbed to record heights in 2021 driven largely by private sector multi-family housing construction. Traditionally, building permit values are an important economic indicator.

In 2021, the value of permits sold at the City of Prince George passed $237.6 Million, a 6.3 percent increase over the values in 2019, formerly the all-time record, which totalled roughly $223.4 Million. This total also brings the value of permits purchased in Prince George in the past five years (2017 to 2021) to nearly $1 Billion ($985 Million).

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A secondary dwelling is a self contained building that is detached, and subordinate to the principal dwelling in terms of size, scale and massing. This use is exclusively used for occupancy by one household. These dwellings may include the following form(s): 

- Carriage Housing—a dwelling that is constructed above a detached garage;

or

- Cottage Housing—a one storey dwelling that is constructed at building grade. This housing form does not include a basement or a half-storey.

Here is link to full discription - Click Here (PDF file)

These are great ideas!

By Chris Seepe -Jan 14, 2022

Despite the uninformed opinions of tenants, their advocates, some media and public housing agencies, government does not have the money to make a dent. Even the federal government’s 10-year $40-billion housing plan could generate only perhaps 18,900 units/year across Canada.

https://www.realestatemagazine.ca/how-to-fix-the-affordable-housing-crisis/#comments

A big warm hearted "Thank You" to all my family, friends & Clients for supporting and trusting me to help them with their real estate needs. It's not easy but having the trust makes it all worth while. Cheers to 2022 and may all have a Stress-Less New Year!

Reprinted from BC Assessment Authority: 

• The average house sale price was $448,035 in October, 2021. There was an increase compared to last October when there was an average house sale price of $396,383. Click here to view entire report.

Single-family homes sold for an average $455,842 in Prince George during the first half of the year, according to figures issued Friday by the B.C. Real Estate Board. 

The amount represents a $65,857 jump over the average sale price for the same period last year.

Continue with rest of story on Prince George Citizen

BC Northern Real Estate is up 22%. Here is a link to a pdf report on the most recent stats: Click Here

Aggressive sellers market all over BC. If you or someone you know is thinking of selling and would first like to start with a Market Valuation give me a call. Cheers!

I took a hour break this afternoon just to sit by the river with my drone. Turn on your volume as the ice flow today in the sun was super relaxing. In the summer hundred of people float down the Nechako on summer days.

or Here is link to YouTube video - Click Here

#PrinceGeorgeLife

#DeanBirks #StressLessRealEstate #IceFlows #RiverIce #NechakoRiver #CityofPG #PrinceGeorgeBritishColumbia

I'm forever keeping my eye out for better more secure ways to communicate with my clients. I take my clients privacy, negotiations & transaction details seriously. Even though I still use phone, text/SMS and email I have added a new highly secure option for my clients using "Signal" app. Its available for free on https://signal.org/download/

Check out their website: https://signal.org 

#PrivateCommunication #ClientPrivacy #PrinceGeorgeRealEstate #DeanBirks #Signal

• There were 66 homes sold in November 2020. There was a decrease between the two periods with 70 homes sold in November 2019.

• The average house sale price was $389,705 in November 2020. There was an increase compared to last November when there was an average house sale price of $376,027.

• There were 44 more Multi-Family Dwelling completions in November 2020 compared to November 2019.

PRESS HERE for a full report from the City of Prince George.

Prince George’s Mayor Lyn Hall says the West Coast Olefins (WCO) decision to move its $5.6-billion petrochemical plant project back within city limits is an opportunity for the northern capital.

“It’s a big opportunity for us to take a look at really what this means to our community not only from a tax base perspective, but from an employment perspective, and what that means for our labour force,” says Hall in an interview with PrinceGeorgeMatters.  

Last night (Dec. 15), WCO President and CEO Ken James announced the return of the project to Prince George where it was originally planned in the BCR Industrial area.

Click Here for full report.