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Central and Northern B.C. communities continue to have volatile populations and housing markets, but the current building trends are mimicking past practices that don't cater to the needs of changing demographics, especially with seniors. - See more at: http://www.princegeorgecitizen.com/news/local-news/northern-housing-market-volatile-homes-outdated-1.2927808#sthash.eKaj4TVj.dpuf

Prince George Housing & Community Profile (PDF) http://prod-admin1.glacier.atex.cniweb.net:8080/fileserver/file/958014/filename/prince%20george%20housing%20profile%20.pdf

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Ottawa, ON, November 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in October 2016.

Highlights:

  • National home sales rose 2.4% from September to October.
  • Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016.
  • The number of newly listed homes edged up 1.7% from September to October.
  • The MLS® Home Price Index (HPI) in October was up 14.6% y-o-y.
  • The national average sale price climbed 5.9% y-o-y.

The number of homes trading hands via Canadian MLS® Systems rose 2.4 percent month-over-month in October 2016.

Activity was up on a month-over-month basis about 60 percent of all local markets, led by the Fraser Valley, Calgary, Edmonton, Hamilton-Burlington and Montreal.

“The expanded stress-test for home buyers who need mortgage default insurance took effect in the middle of October,” said CREA President Cliff Iverson. &...

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That strong BC economy we keep hearing about is alive and well in Statistics Canada’s economic report for 2015.
“British Columbia did have the best economic output of the western provinces and, in fact, it was the best economic output in 2015 of all Canadian provinces and territories,” says Matt McDonald with Statistics Canada. “We saw that gross domestic product expanded 3.3% in 2015. This was actually the sixth consecutive annual increase for British Columbia. Economic output has been quite strong relative to other regions in Canada recently.  
 
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