Residential Development & Housing

Pouce Coupe’s assessment roll increased from approximately $46.7 million in 2007 to $54.1 million in 2008; the residential portion increased from approximately $38 million to 43.1 million.  This growth reflects changing markets values for many properties but also includes new subdivisions, zoning changes and new construction.

The Peace River assessment roll increased from about $11.0 billion in 2007 to $12.7 billion; the petroleum industries portion went from $3.3 billion to 3.6 billion.

Residential home sales in the Northern Lights Real Estate Board area, which includes the census agglomeration of Dawson Creek, and the municipalities of Chetwynd and Tumbler Ridge, are stimulated to decline 36% to 305 units this year. The slowdown in the housing market will be temporary as interest in the region’s shale rock natural gas deposits, particularly in the area south of Dawson Creek, grow and companies are attracted by the province’s attractive royalty policies.

The region’s annual home price is expected to average $217,000 in 2009, 13 per cent above 2008. More balance between supply and demand is expected to keep home price stable next year. The MLS residential price in the region is forecast to average $217,500 in 2010. 

Dwelling Characteristics

Residential MLS Sale & Average Prices

source: Kevin Kurjata Re-Max Dawson Creek

Vacant Land MLS Sale & Average Prices

source: Kevin Kurjata Re-Max Dawson Creek