The BC Northern Real Estate Board has released their first quarter results with the Cariboo region showing a significant increase.
Owner-Managing Broker of Cariboo Sutton Realty, Court Smith says we’re maybe seeing some influence from the Vancouver market.
“The value of properties in the lower mainland have become prohibitive for many people and with the internet and people able to work remotely from their place of employment, housing alternatives or places like up country British Columbia, Williams Lake, Quesnel, I think there is a push from the lower mainland for sure.”
100 Mile House has seen 71 sales in the first three months of 2016, up from 50.
Those sales are worth 14.6 million dollars, which is also up from $10.5 million.
Williams Lake has seen 75 sales so far this year, up from 58, worth $14.2 million dollars, which is up from 13.2
Quesnel’s sales have jumped from 28 to 50 and the value of those sales has increased from $5.1 million to 8.7.
Court says the Northwest region-Prince Rupert in particular has seen an increase as well.
He says Fort St. John meanwhile has taken a significant hit selling only 74 properties far compared to 176 last year.