The housing market in Northern British Columbia has recorded its first significant downturn of 2025, with home sales experiencing a notable year-over-year decrease in November. This trend aligns with broader provincial patterns, though the north saw a slightly steeper drop compared to its ten-year average.
Key Takeaways
- Northern B.C. saw a 13% year-over-year decline in home sales in November 2025.
- 262 transactions were recorded, 40 fewer than in November 2024.
- The region is 16% below its ten-year November average of 309 unit sales.
- Despite the sales dip, the average home price in Northern B.C. increased by 4.5% over the past 12 months.
November Sales Figures
Data released by the province's Real Estate Association indicates that Northern B.C. experienced a 13% decrease in home sales compared to November of the previous year. A total of 262 transactions were registered last month, marking a reduction of 40 sales from the same period in 2024. This figure also places the region approximately 16% below its ten-year average for November sales, which stands at around 309 units.
Provincial Context and Economic Outlook
Economist Amit Sidhu noted that this downward trend in sales was not isolated to Northern B.C., with many other regions across the province facing similar challenges. Other real estate boards, including Chilliwack, the Fraser Valley, Greater Vancouver, Vancouver Island, and Victoria, all reported year-over-year sales declines of at least eight percent. Despite the current market softness, there is hope for a stronger conclusion to 2025, with interest rate environments remaining relatively stable.
Average Home Prices
While sales volume has decreased, the average home price in Northern B.C. has seen an increase. Over the last 12 months, the average price has risen by 4.5%, reaching $437,726. In Prince George specifically, the average selling price for a single-family home in November was $521,304.
Across British Columbia, the Real Estate Board reported 5,052 residential unit sales in November 2025, a 13.3% decrease from the previous year. The provincial average residential price also saw a slight dip of 1.4% last month, settling at $965,914, down from $979,774 in November 2024.
