Prince George housing market, Q3 2026: what the numbers say

The BC Northern Real Estate Board released its third-quarter numbers for Prince George on October 7. BCNREB reports the city every quarter as a running total from January 1, so these figures cover the first nine months of 2026. Here is what they say and how I read them.

The headline numbers

• Sales, all property types: 1,043, against 1,065 in the same nine months of 2025, down about 2%.
• Dollar volume: $531.4 million, up from $525.2 million.
• Single-family homes sold: 656, up from 630.
• Single-family average price: $539,144, down 1.2% from $545,424.
• Active listings, all types, at September 30: 838, up from 713 a year earlier. That is about 18% more.

These are City of Prince George figures from BCNREB's Q3 2026 release, not the whole board area. Fewer sales but more dollars comes down to the mix: single-family sales rose from 630 to 656, while sales of everything else (condos, townhomes, lots and the rest) fell from 435 to 387, and houses cost more.

Prices by part of town

BCNREB also reports the median single-family price in four parts of the city. For January to September 2026, with the same months of 2025 in brackets:

• North (the Hart): $590,000 on 151 sales ($585,000 on 138)
• Southwest (College Heights): $590,000 on 181 sales ($605,000 on 191)
• West: $474,500 on 178 sales ($474,000 on 173)
• East of the bypass: $400,000 on 135 sales ($419,500 on 120)

The median is the sale in the middle, so one big acreage does not drag it around the way it does the average. The spread is what I would pay attention to: about $190,000 between the east side and the Hart or College Heights. A citywide average hides that completely, which is why I never price a home off it.

A note on "benchmark" prices, since you will see them quoted for Prince George. BCNREB's benchmark, the MLS® Home Price Index, covers the entire board area from Fort Nelson to 100 Mile House to Haida Gwaii. There is no public benchmark for the city on its own. In September 2026 the board-area single-family benchmark was $458,400. It is useful for trends across the north and not much use for pricing a house in the Hart.

The third quarter on its own

BCNREB does not publish July to September by itself, but you can work it out by subtracting the half-year totals from the nine-month ones. By my math, about 363 homes of all types sold in Prince George in the third quarter, and about 229 of them were single-family homes, at an average of roughly $532,000. In the same quarter of 2025 it was about 227 single-family sales at roughly $568,000.

Treat those as close rather than exact, since BCNREB can revise earlier months. The direction is clear enough. About the same number of houses sold this summer as last summer, at a lower average price, and the board's release says seasonally adjusted sales in the city dipped from the second quarter. Part of a lower average is the mix of what happened to sell, and part may be softer pricing. One quarter is too short to say which.

Listings are up

The biggest change from last year is supply. Prince George had 838 active listings at the end of September, against 713 a year earlier. There were 703 at the end of March and 778 at the end of June, so listings climbed all year while sales stayed close to 2025's pace.

More listings with steady sales means buyers have more to look at and less reason to rush. It does not mean prices are falling everywhere. The North median is up on last year. What it does mean is that buyers can pass on the listings that are priced a little high and still have plenty to see.

Rates

The Bank of Canada's policy rate is 2.25%, where it has been since October 2025, and the next decision is October 28. Posted five-year fixed rates at the big banks were about 6.2% in early October (Bank of Canada data), and most buyers get a discount from that. BCNREB's release says five-year fixed rates are above 5% and that markets expect rates to rise in 2027. Nobody can promise that, but it is worth knowing what lenders are pricing in.

What this means if you are buying

You have more choice than at any point in the past year, and a fall or winter search usually means quieter showings. Get your pre-approval done now in case rates move, and be clear on which part of town fits your budget, because the difference between areas is far bigger than any change from last year. You can see everything listed on the homes for sale in Prince George page, or start with an area from the neighbourhood guides.

What this means if you are selling

You are up against about 18% more listings than last fall. Buyers can compare, and they will. Price from recent sales in your part of town, not from the citywide average and not from what a neighbour got in 2025. If your home needs work, either do it or price for it. If you are deciding between listing now and waiting for spring, I wrote about selling in winter in Prince George.

If you want to know what your own home would sell for in this market, start with a home valuation. I keep the running numbers on the Prince George market report page, and if you have a question about a specific street or neighbourhood, ask me.