How will market trends affect your home buying or selling experience in 2018? We talked to REALTOR® Kristine Newell and mortgage broker Scott Harriman about their predictions for real estate trends in Prince George this year.

The Market

While there is some uncertainty around market trends in BC as we start 2018, both Kristine and Scott are optimistic about the prospects for the Prince George housing market this year. Scott says:
“My crystal ball tells me that, in spite of the doom and gloom, real estate in this market will be positive for 2018. Values will go up as a result of less inventory. More new and newer houses will be absorbed into the inventory mix, and we may see some migration from other communities to Prince George as people recognize the value.”

“By all indications we should see the continuation of a seller’s market throughout Q1 and Q2,” Kristine says.  “Interest rates are still relatively low, unemployment is down, and several large resource based projects are set to continue and/or commence in the region which inspires confidence in buyers and investors.”

BC real estate news has been dominated by talk of regulatory changes coming down the pipeline, and Scott thinks these changes will impact some hopeful buyers.

“The recent changes in mortgage lending will send some prospective buyers to the sidelines, unless they can save more money for a down payment or find an alternate source that doesn’t require mortgage default insurance.”

Kristine suggests that sellers of mortgage helper properties stand to benefit from an interest rate hike. “I think single family dwellings with suites will continue to be the most desirable properties, with many first-time buyers requiring the income to offset the interest rate increases.”

The Neighbourhoods

Prince George is full of great neighbourhoods to suit everyone from single professionals to families and downsizers. The popularity of some neighbourhoods might mean a quicker sale, or more competition between buyers.

Kristine’s predictions for this year?

“I believe the Connaught area is the next Millar Addition. We’ll see increasing density in the Crescents, and traditionally desirable areas such as Heritage and College Heights will remain popular.”

The Houses

When it comes to the properties themselves, Scott thinks market trends point to Prince George home buyers being more selective this year.

“Buyers will be less inclined to purchase properties that are overpriced and require extensive repairs or renovations. The inventory shortage will push the average price up as these buyers move up in the market. Buyers will be pickier. As the existing inventory moves up in value, the jump to a new or newer home becomes more attractive.”

How can you make your home more attractive to picky buyers? One option is to make a few updates before you list. Kristine has spotted a few interior décor trends that she expects will catch the attention of house hunters this year.

“Vinyl plank flooring, big florals, wood looking wall finishes and shades of grey will likely remain trendy throughout 2018. Expect to see more bright red and coral, or bright green and olive accents in spring to add drama to all the neutrals we’ve been seeing. Clean lines mixed with rustic and antique elements will remain popular, and I see gold fixtures are making a comeback!”

Do you have more questions about market trends in Prince George? We’re here to help!

REALTOR® Kristine Newell would be happy to advise you on buying or selling your home in the current market.
Give her a call today at 250.552.5116 or find her on Facebook.

Mortgage broker Scott Harriman can assist you with any mortgage related questions or concerns you may have.

Give Scott a call today at 250.565.4969, visit his website or find him on Facebook.

Can McLeod

Pursuing a successful real estate career in beautiful Prince George has been an amazing opportunity for me. I pride myself on high standards, professionally and ethically, and I work hard to get my clients the results they are looking for. Home renovation projects are a passion of mine, and I enjoy discussing how buyers can adapt properties to suit their needs.

I like to tackle projects that are both creative and technical, and I’m often tinkering with Hot Rods and motorbikes. I also host a local radio show, which has been a great way to express myself. I look forward to the future and to working with you to achieve your real estate goals.

Contact Info

Office: 250.563.1000
Mobile: 250.981.6774
Fax: 250.563.1005

Chris Lodge

Hi, my name is Chris Lodge and I am in my sixth year of selling Real Estate in Prince George and Fort St. James. I have always loved houses, whether it be fluffing, decorating, renovating, preparing them for sale or selling them I am in my element.

I am professional, knowledgeable and personable and I would love to help you sell your home or help you find one that suit’s you needs. I try very hard to offer my clients a stress-less, drama free Real Estate experience. I will do my best to meet and hopefully exceed your expectations of a Real Estate Professional.

Contact Info

Office: 250.563.1000
Mobile: 250.614.3727
Fax: 250.563.1005
Find Us on FaceBook

Crystal Brown

My name is Crystal Brown, REALTOR® at Team Powerhouse Realty. My career as a professional agent began in May 2015. Since then I have enjoyed many successes in helping people buy and sell homes.

I have lived in Prince George for nearly 20 years. During that time I have been actively involved in the community through my business and personal life, and have also taken on a variety of volunteer positions. I have built valuable networks and a deep understanding of the city and its people. I use that knowledge every day when advising residents and newcomers on their next move. Great relationships are the foundation of true success.

I continue to look ahead to the future of real estate with excitement and determination as I see many opportunities for growth in my business, as well as in my community.

Contact Info

Office: 250.563.1000
Mobile: 250.981.4620
Fax: 250.563.1005
Find Us on FaceBook

Mark McVey

I am a long-term resident of Prince George and have been selling real estate here since 1997. I am CEO at Team Powerhouse Realty, a company I co-founded in 2007. I have a passion for helping people, and get great fulfillment out of negotiating the best terms for my loyal clientele.

I love sharing my real estate skills and knowledge with others, and am a Buffini & Company Certified Mentor. In addition to my busy work schedule, I am also actively involved in men's soccer, the Cinema CNC Film Festival and PG Roadrunners. I am also a RYT200 Certified Yoga Instructor.

Contact Info

Office: 250.563.1000
Mobile: 250.649.6275
Fax: 250.563.1005

Website
Find Us on FaceBook

Brad Messum

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.552.9860
Fax: 250.563.1005

Brian Steinhauser

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 778.349.0520
Fax: 250.563.1005
Website

Keven Braet

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.613.6370
Fax: 250.563.1005

Ashley Quickfall

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.960.8152
Fax: 250.563.1005
Website

Kristine Newell

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.552.5116
Fax: 250.563.1005
Website
Find Us on FaceBook

Lindsey Kuemper

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.613.7031
Fax: 250.563.1005

Lori Cruddas

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.961.9707
Fax: 250.563.1005
Find Us on FaceBook

Matt Steinbach

BIO Here

Contact Info

Office: 250.563.1000
Fax: 250.563.1005

Melanie Lupul

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.614.6955
Fax: 250.563.1005

Rick Kerbrat

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.552.5465
Fax: 250.563.1005
Find Us on FaceBook

Rick Mayhew

BIO Here

Contact Info

Office: 250.563.1000
Fax: 250.563.1005

Robin Choi

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.617.0321
Fax: 250.563.1005

Tim Higham

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.617.3444
Fax: 250.563.1005
Website
Find Us on FaceBook

Don Kehler

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.613.9553
Fax: 250.563.1005

Harry Backlin

BIO Here

Contact Info

Office: 250.562.8952
Mobile: 250.961.3671
Fax: 250.562.2182

Matt Vigue

BIO Here

Contact Info

Office: 250.596.2100
Mobile: 250.961.7727
Fax: 250.563.1005

Steve Andersen

Like most realtors I began my real estate career doing residential sales, and since I live on a rural property I really enjoy doing the more complicated country property sales.

While I still enjoy helping buyers and sellers with their housing needs I have transitioned over to doing more commercial sales and leasing. I find this both interesting and challenging and feel my skills are well suited to dealing with complicated commercial/industrial/business real estate transactions.

I endeavour to provide exceptional professional service to my clients putting their needs first so they trust me, enjoy dealing with me and recommend me to their friends and acquaintances.

On a personal level I am married with two children, have lived in Prince George since childhood and have always been a real outdoorsman. Prince George has so much to offer, is a great place to raise children and I really enjoy taking the family on camping and fishing trips throughout the Prince George area and our beautiful province.

Contact Info

Office: 250.563.1000
Mobile: 250.617.3926
Fax: 250.563.1005

Rolf Van Driesum

Rolf was born and raised in Prince George, BC. A previous career in construction and current involvement in the mining industry provide him with an unparalleled insight into market trends and commercial opportunities throughout the region.

Rolf is driven by a desire to provide leadership in a number of capacities, both locally and internationally. He is engaged in development opportunities in Thailand, Myanmar, and the Dominican Republic as well as in British Columbia. Rolf joined Team Powerhouse Realty in 2011, and has since become part of the management team.

Rolf is also a husband, father to four and grandfather to four. He is a member of the Westwood Church.

Contact Info

Office: 250.563.1000
Mobile: 250.613.8777
Fax: 250.563.1005

Ashley Woods

BIO Here

Contact Info

Phone: 250.961.2305

Sarah White

BIO Here

Contact Info

Office: 250.563.1000
Mobile: 250.552.4188
Fax: 250.563.1005

Rebecca Worthington

I work by referral helping buyers, sellers and investors stay focused on their big picture goals while I focus on the details. Exceptional client care, current market expertise and strong negotiating tactics are paramount to my business. I specialize in family homes and investment properties.

My husband and I were both born and raised in Prince George and are now raising our beautiful four daughters here. This is a wonderful community to be a part of as it has so much to offer.

Contact Info

Office: 250.563.1000
Mobile: 250.961.4508
Fax: 250.563.1005

Find Us on FaceBook