Real Estate prices continue to rise across northwest B.C.

Vancouver

2022/01/28

Real Estate sales in Kitimat and area grew in 2021, indicate year-end statistics released by the BCNREB. In 2021, 190 properties sold worth $68M, of which 115 were single-family homes with the median value of $365K.According to statistics, Terrace continues to dominate the charts with the highest avg sales price in northern B.C.Terrace saw 412 properties sell in 2021 which were worth $173.2M, of which 213 were single-family homes.The avg price for the 213 homes sold in 2021 was $467K, a healthy ↑ YoY on avg. The Real Estate board says a combination of very strong sales and record low listings is pushing prices up to record amounts.