Housing market in Vanderhoof

Vanderhoof's housing market is down from last year but is expected to pick up for the last half of the year.

The BC Northern Real Estate Board released its second quarterly report for 2013 which revealed that so far this year it’s a buyers market.

The BC Northern Real Estate Board reports 2,363 properties sold in the first six months of 2013 down from 2,483 the year before.

“The North and in particular the Northwest regions of our Board area continue to experience a strong housing market,” said Gisela Janzen, board president in a news release. “While the market in the Central and Southern regions of the Board remain stable and fairly unchanged due to the overall slow economic recovery throughout the rest of the province. With interest rates remaining relatively low coupled with a large supply of homes for sale, it is a good time for buyers to enter the market.”

Vanderhoof is included in the Central region of the board, the region which remained “fairly unchanged.” Realtors in the Vanderhoof area sold 42 properties worth $9.7 million in the first six months of 2013. In 2012 there were 54 sales for $10.6 million. This makes a decrease of 23 per cent in units but only a 9 per cent drop in capital.

The downward trend shouldn’t alarm any residents according to Stan Irvine, owner of RE/MAX Vanderhoof.

“We’re a little behind last year as far as dollar volume and sales but what often happens is when April, May and June, sometimes our busiest months of the year, when they’re not busy we tend to have busier months later on. Everything levels out by the end of the year, we find that happens quite a bit. As long as interest rates stay down which I think they’re going to for the next couple years, I don’t see the market slowing down too much.”

Irvine added that he believed Vanderhoof was going to have a pretty good housing market for the summer and fall. He said that as long as Vanderhoof’s mills and mines stay strong then the town has a very good future.

The numbers were down in Fort St. James as well. The Fort had 10 properties worth $2.2 million in 2013. In the year before they sold 17 properties worth $3.6 million. That’s a decrease of about 40 per cent in both units and sales.

Gisela Janzen and the board forecast an improvement in overall sales activity due to an improving economy during the second half of the year.

The board released the information using properties sold through sold through the Multiple Listing Service.

Just Posted

The Binche Fishing Derby at Stuart Lake is fast approaching. (Binche Fishing Derby Facebook photo)
Binche shares excitement for upcoming fishing derby

“It’s more than just fishing,” says Dave Birdi

A person receives a COVID-19 vaccine at a vaccination clinic run by Vancouver Coastal Health, in Richmond, B.C., Saturday, April 10, 2021. (THE CANADIAN PRESS/Jonathan Hayward)
Local youth vaccination clinics underway

Pfizer vaccine will be used

Priya Sharma. (Submitted)
Column: Why ultimatums don’t work

By Priya Sharma It is a common misconception that people can choose… Continue reading

Marco Mendicino, Minister of Immigration, Refugees and Citizenship during a press conference in Ottawa on Thursday, May 13, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada to welcome 45,000 refugees this year, says immigration minister

Canada plans to increase persons admitted from 23,500 to 45,000 and expedite permanent residency applications

Barbara Violo, pharmacist and owner of The Junction Chemist Pharmacy, draws up a dose behind vials of both Pfizer-BioNTech and Oxford-AstraZeneca COVID-19 vaccines on the counter, in Toronto, Friday, June 18, 2021. An independent vaccine tracker website founded by a University of Saskatchewan student says just over 20 per cent of eligible Canadians — those 12 years old and above — are now fully vaccinated. THE CANADIAN PRESS/Nathan Denette
At least 20% of eligible Canadians fully vaccinated, 75% with one dose: data

Earlier projections for reopening at this milestone didn’t include Delta variant

This undated file photo provided by Ernie Carswell & Partners shows the home featured in the opening and closing scenes of The Brady Bunch in Los Angeles. Do you know the occupation of Mike Brady, the father in this show about a blended family? (Anthony Barcelo/Ernie Carswell & Partners via AP, File)
QUIZ: A celebration of dad on Father’s Day

How much do you know about famous fathers?

Emily Steele holds up a collage of her son, 16-year-old Elijah-Iain Beauregard who was stabbed and killed in June 2019, outside of Kelowna Law Courts on June 18. (Aaron Hemens/Capital News)
Kelowna woman who fatally stabbed teen facing up to 1.5 years of jail time

Her jail sentence would be followed by an additional one to 1.5 years of supervision

Cpl. Scott MacLeod and Police Service Dog Jago. Jago was killed in the line of duty on Thursday, June 17. (RCMP)
Abbotsford police, RCMP grieve 4-year-old service dog killed in line of duty

Jago killed by armed suspect during ‘high-risk’ incident in Alberta

The George Road wildfire near Lytton, B.C., has grown to 250 hectares. (BC Wildfire Service)
B.C. drone sighting halts helicopters fighting 250 hectares of wildfire

‘If a drone collides with firefighting aircraft the consequences could be deadly,’ says BC Wildfire Service

A dose of the Pfizer-BioNTech COVID-19 vaccine is pictured at a vaccination site in Vancouver Thursday, March 11, 2021. THE CANADIAN PRESS/Jonathan Hayward
NACI advice to mix vaccines gets varied reaction from AstraZeneca double-dosers

NACI recommends an mRNA vaccine for all Canadians receiving a second dose of a COVID-19 vaccine

A aerial view shows the debris going into Quesnel Lake caused by a tailings pond breach near the town of Likely, B.C., Tuesday, Aug. 5, 2014. THE CANADIAN PRESS/Jonathan Hayward
Updated tailings code after Mount Polley an improvement: B.C. mines auditor

British Columbia’s chief auditor of mines has found changes to the province’s requirements for tailings storage facilities

A North Vancouver man was arrested Friday and three police officers were injured after a 10-person broke out at English Bay on June 19, 2021. (Youtube/Screen grab)
Man arrested, 3 police injured during 10-person brawl at Vancouver beach

The arrest was captured on video by bystanders, many of whom heckled the officers as they struggled with the handcuffed man

Most Read