Prince George real estate market: fall 2026

I wrote the first version of this post in March, when the spring market was just getting going. Nine months of numbers are in now, so here is the update: what actually moved in Prince George through the first three quarters of 2026, and what I would do with it heading into winter.

One correction first. The spring version put the average detached price at $490,000 to $510,000. The real first-quarter average turned out to be $526,262, so that range was low. Everything below comes straight from the BC Northern Real Estate Board's quarterly releases for the City of Prince George.

The short version

• Sales are close to last year. 1,043 homes of all types sold from January to September, against 1,065 in the same months of 2025.
• Prices are roughly flat. The single-family average is $539,144, 1.2% below the same stretch of 2025.
• Listings are up a lot. There were 838 active listings at the end of September, against 713 a year earlier.

How the year unfolded

BCNREB reports the city every quarter as a running total from January 1. Here is how those totals moved:

• End of March: 226 sales (279 a year earlier). Single-family average $526,262, up 3.9%. 703 active listings, against 565 a year earlier.
• End of June: 680 sales (691 a year earlier). Single-family average $542,905, up 1.9%. 778 active listings.
• End of September: 1,043 sales (1,065). Single-family average $539,144, down 1.2%. 838 active listings, against 713.

So the year started slow, with first-quarter sales well behind 2025, caught up through the spring, and has run close to last year's pace since. Working back from those totals, roughly 454 homes sold from April to June and roughly 363 from July to September. Single-family prices rose early in the year and gave a little back over the summer.

Listings are the clearest trend. They were well above last year at the end of March and again at the end of September, and they kept climbing in between.

Prices by part of town

The citywide average hides a big spread. BCNREB's median single-family prices for January to September, with the same months of 2025 for comparison:

• North (the Hart): $590,000, up from $585,000
• Southwest (College Heights): $590,000, down from $605,000
• West: $474,500, about level with $474,000
• East of the bypass: $400,000, down from $419,500

The Hart had a strong first half, with a median of $622,000 at the end of June, and eased back from there. East of the bypass is the one area clearly below last year. And the gap between the east side and the Hart or College Heights is close to $190,000 at the median, which is far bigger than any change from one year to the next.

You will also see a "benchmark price" quoted for Prince George on some websites. That figure is BCNREB's MLS® Home Price Index for the whole board area, from Fort Nelson to 100 Mile House to Haida Gwaii. There is no public benchmark for the city on its own, so I stick to the Prince George sales figures.

Rates

The Bank of Canada has held its policy rate at 2.25% since October 2025, and its 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). Most borrowers get a discount from the posted rate, and the best insured five-year rates are in the mid-4% range. BCNREB's third-quarter release says five-year fixed rates are above 5% and that markets are expecting rate increases in 2027. Nobody knows that for sure. If you need to buy in the next few months, get a pre-approval with a rate hold now.

If I were buying this fall or winter

This is a reasonable time to be a buyer here. There is more to choose from than a year ago, and winter showings are quieter. What I would focus on:

• Pick the part of town first. The price difference between areas matters more than any month-to-month move.
• Use the extra listings. See more homes in your range before you commit, and compare within the same area.
• Keep your subjects. With this much inventory, an offer with inspection and financing conditions is normal. You rarely need to waive them to compete.
• Look at homes in winter. The furnace, the windows and any ice damming are easier to judge in January than in July.

You can see everything active on the homes for sale in Prince George page, or browse by area from the neighbourhood guides.

If I were selling

You are competing with about 18% more listings than last fall, and buyers will compare you with all of them.

• Price from recent sales in your own part of town. The citywide average is the wrong anchor in a city where areas are $190,000 apart.
• Fix it or price for it. A buyer with choices skips the house that needs a furnace, unless the price already accounts for it.
• Think about timing honestly. Listings usually thin out over the winter. Last year they fell from 713 at the end of September to 591 at the end of December, so a well-priced home listed in winter has less company. I wrote about selling a home in Prince George in winter.

If you want a number for your own home in this market, start with a home valuation. I keep the running figures on the Prince George market report page too. And if you just want to talk through what this means for your situation, reach out. No pitch involved. Just data and a conversation.