Supply and demand has led to a major increase in the price of halibut in B.C. With the abundance of halibut available across the province going down, pricing has skyrocketed over the last decade making the fish more expensive than some prized meat cuts.
Ten years ago, the price of halibut in Prince Rupert averaged under $12 per pound. Now, that price has shot up to $27 per pound across the city.
"The most expensive thing on my menu is halibut. It's more money than beef tenderloin," says Willy Beaudry, the executive chef at the Crest Restaurant in Prince Rupert.
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