Given the information that Joe provided, I don't think you'd be able to conclude that the house is located at the North Pole. If the 'view' is all southern, you may just have windows facing one direction (South).
Alternatively, Ergot's answer makes sense assuming that 'it' is referring to the window; this makes no sense, though, seeing as 'it' would refer to the last thing referenced (the bear) in the English language.
Not too sure, I'll have to think on it.