Peace River’s local housing market is on an upward trend but the average home price is increasing due, in part, to rental vacancy rates on a downward spiral.

Greg Rosychuk, an associate with Peace River Town and Country Realty, shared his data with the Record-Gazette and says there was a 14 per cent increase in home sales in Peace River between 2011 and 2012.

“People are coming to northern Alberta to work and there’s plenty of jobs in the region and there may not be as much work in other parts of the country,” he said by phone.

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