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The Buyer’s Market in Prince George is Coming to an End!

The Buyer’s Market in Prince George is Coming to an End!

PrinceGeorgeRealEstate

According to a recent report from the British Columbia Real Estate Association, Prince George is experiencing the tail-end of a buyer’s market, with home prices expected to increase substantially in the coming year. Members of the organization “anticipate that prices in the region will rise, perhaps by as much as 10 per cent next year.” Citing current economic conditions as well as the approval of the $40 billion LNG Canada Project, the authors suggest that “the fortunes of the North have perhaps never been brighter.” 

What this means for aspiring homeowners.

If you’re interested in purchasing a home in Prince George, now might be the perfect time to make your move! With growth on the horizon and mortgage rates as low as they are, choosing to buy now could be one of the best financial decisions you ever make! Home prices — including those offered in our two Prince George communities — are likely as low as they will ever be.

In addition to paying a low price, you can expect your home to appreciate substantially in the coming years!

Currently, our NewRock Developments Team is building two exciting communities in Prince George. Both offer residents the chance to live maintenance-free: for a low monthly strata fee, you can ditch the shovel, sell the lawn-mower, and spend more time doing what matters most to you!

Ridgestone Villas

Located in the thriving College Heights neighborhood, Ridgestone Villas is a community of townhomes designed to make homeownership as awesome as it is affordable. At present, we’re building and selling the Fourth & Final Phase. Popular among the families and first-time homeowners of Prince George, we’re expecting to sell out and finish the project by the summer of 2019!

If you’re currently interested in purchasing an affordable home in a growing neighborhood, your timing couldn’t be any better! Take advantage of our low prices today, and cash in on your increased equity as Prince George home prices continue to rise!

Ridgewood Landing

Designed for Exceptional Adult Living, Ridgewood Landing is a community of luxurious bungalow condos now being built in the University Heights neighborhood. Featuring three spacious floorplans — the Newport, the Westport, and the Bridgeport — and a long list of available options and upgrades, homes at Ridgewood Landing are ideally designed for downsizers and active retirees!

Phase 1 and Phase 2 are nearly sold out, and our construction team has been making steady progress on this up-and-coming community. Discover Exceptional Adult Living in Prince George today — while prices are low! And in the meantime, check out these photos from other Estates-Style Communities throughout Western Canada!

To learn more about either community or to schedule a tour of one of our showhomes, give us a call at  (250) 617-6844!