The Terrace and Kitimat housing markets moved in different directions during the first half of 2026, according to the B.C. Northern Real Estate Board.
In Terrace, Realtors reported 123 property sales worth $59.9 million between Jan. 1 and June 30, down from 136 sales worth $72.1 million during the same period in 2025.
The 68 single-family homes sold in Terrace had a median sale price below $540,000 and spent an average of 37 days on the market. Six vacant land parcels, five half-duplexes and 13 homes on acreage also changed hands during the first six months of the year. At the end of June, there were 170 properties of all types listed for sale through the MLS® in the Terrace area.
Kitimat posted stronger results, with 85 properties worth $31.9 million sold during the first half of 2026, compared with 71 properties worth $28.7 million a year earlier.
Half of the 62 single-family homes sold in Kitimat fetched less than $400,000. Those homes took an average of 26 days to sell. There were 97 active MLS listings in the Kitimat area at the end of June.
Across the B.C. Northern Real Estate Board region, 2,315 properties were sold through the MLS® during the first six months of 2026, down slightly from 2,338 sales during the same period last year. The total value of those transactions remained at about $1 billion.
The board said housing activity strengthened during the second quarter compared with the previous quarter, although sales remained below long-term historical averages. Seasonally adjusted sales increased in several communities, including Prince Rupert, Prince George, Fort St. John, Smithers and 100 Mile House, but declined in Terrace and Kitimat.
Despite those differences, the board said the regional market remained balanced, with the sales-to-active listings ratio holding at about 18.5 per cent. It expects housing activity across Northern B.C. to remain close to long-term averages over the coming year, citing relatively strong affordability and early signs of a labour market recovery despite ongoing uncertainty related to trade and the broader economy.
