Residential real estate activity in 亚洲天堂 Lake and the Smithers area is off to a solid start in 2025, with both communities seeing strong sales numbers compared to the same period last year, according a press release from the BC Northern Real Estate Board (BCNREB).

In 亚洲天堂 Lake, 11 properties changed hands in the first quarter of 2025, up from seven sales during the same period in 2024. The total value of these sales reached $4 million, more than doubling last year鈥檚 $1.7 million in the first quarter. As of March 31, there were 57 properties of all types listed for sale in the 亚洲天堂 Lake area, down from 73 at the same time last year.

The Smithers area also saw an active start to the year. Real estate agents in the area reported 28 sales totalling $12.4 million in the first quarter of this year, compared to 32 sales worth $15.7 million during the first quarter of 2024. The inventory of available properties in Smithers has also tightened, with 65 listings at the end of March, down from 77 last year. The BCNREB release did not provide specific numbers for Houston.

The regional market across northern B.C. experienced mixed results in the first quarter. While total sales across the BCNREB region rose to 917 transactions worth $368.3 million, market activity varied by community. Smithers was among the areas where sales activity increased from the previous quarter, while other centres like Prince George and Terrace experienced declines.

Across the broader region, the average sale price fell slightly to $414,417, down 2.5 per cent from the previous quarter. Inventory remains tight, with the BCNREB reporting active listings at roughly 23 per cent below what is considered healthy for long-term market balance.

The ratio of active listings to sales across the board stood at about 19 per cent, a stable figure that suggests a balanced market. However, the BCNREB notes that potential tariffs affecting northern industries could present headwinds for the region鈥檚 economic and real estate outlook.