In Prince George, owning a home has always meant more than having a roof over your head. It’s been a symbol of stability, a place to grow families, build memories, and settle into the northern lifestyle we love. A recent national report shows that across Canada, very few people regret becoming homeowners — and in communities like Prince George, the benefits have been especially strong.
From College Heights to the Hart, from Heritage to the Bowl, long-term homeowners in PG have seen steady growth, stronger equity, and the kind of financial stability that helps shape a lifetime. Home ownership here has always carried a sense of pride and possibility.
Why Home Ownership Still Matters in Prince George
In a city where neighbours still wave, where families grow roots, and where people choose Northern BC for its balance of affordability and lifestyle, buying a home remains a meaningful milestone. Even with challenges in today’s market, Prince George continues to be a place where ownership feels achievable, worthwhile, and connected to community.
But today’s buyers — especially first-time buyers — are feeling the squeeze. Rising costs and tighter lending rules mean many PG residents need more time and more planning to take that leap.
What’s Making Things Tougher?
Across Prince George, first-time buyers face real hurdles:
• High interest rates
• Stress-test challenges
• Saving for a down payment while renting
• A shortage of affordable starter homes
• Increased demand from people moving north for affordability
• Rising costs of living in everyday expenses
Even though Prince George remains far more affordable than many parts of BC, these pressures can make the dream harder to reach.
But here’s where PG shines: people in this city don’t give up. They plan. They adjust. They find community support. Families help one another, seniors transition into new chapters, and homeowners make room for the next generation of buyers. Prince George has always been a city that moves forward together.
What Needs to Change for Future Buyers
The report highlights several ideas that could help ease the path to home ownership:
• Longer amortization options for first-time buyers
• Reducing the extra buffer required in the mortgage stress test
• Lowering or removing land-transfer taxes on entry-priced homes
• Cutting red tape so builders in Prince George can create more housing
• Streamlining zoning and approvals so new homes can be built faster
These changes would help future generations step into homes with more confidence and fewer barriers.
Prince George Isn’t Slowing Down
Even when markets cool, PG doesn’t lose momentum. People retire, move, downsize, upsize, help family, or return home to the North. New construction continues, neighbourhoods grow, and communities evolve. We’ve always been a city that adapts and welcomes new beginnings.
As a senior relocation specialist in Prince George, I see every stage of this journey — families helping aging parents move closer to support, downsizers finding simpler living, young buyers exploring their first townhouse or single-family home, and long-time PG residents planning the next chapter of their lives. Every move tells a story of resilience, optimism, and northern pride.
Thinking About Your Next Step in Prince George?
Whether you're buying your first home, helping a parent downsize, or preparing for a future move, I’m here to help you navigate the Prince George real estate landscape with patience, care, and a few cat puns for good measure.
Let’s talk about where you’re headed next — in a city that always has room for one more great story.
Jason Luke
Prince George Realtor and Senior Relocation Specialist
jasonlukehomes at gmail dot com
250-301-9960