Home ownership in Prince Rupert amongst most affordable in B.C.

When it comes to home ownership in Northern B.C., Prince Rupert is in the middle of the pack.

When it comes to home ownership in Northern B.C., Prince Rupert is in the middle of the pack.

Number released by the B.C. Northern Real Estate Board show 30 per cent of household income goes to finance the cost of home ownership, which includes taxes, utilities, mortgage payments, user fees and insurances. That figure is below the calculated affordability in 100 Mile House — the highest at 47.6 per cent of household income — Prince George, Fort St John and Smithers, but above the affordability in Quesnel, Mackenzie, Terrace, Williams Lake and Kitimat — the lowest at 21.5 per cent.

The affordability in Prince Rupert is largely unchanged from last year and has been fairly consistent since a spike experienced in 2008.

While Prince Rupert may be average when it comes to the affordability of home ownership in the north, the region is still one of the most affordable places to live. Approximately 31.9 per cent of household income north of 100 Mile House goes to pay for a home compared to 69.2 per cent for the rest of the province and 84.2 per cent in Vancouver.

“This positive difference in affordability has persisted despite double digit increases in sales and prices of single family homes in Northern B.C.,” said the board in a statement.

Just Posted

Raiders claim the crown in Terrace

The Prince Rupert Adventure Paving Raiders went 3-0 in the Terrace Classic

Kaien Anti-Poverty Society robbed again

The Prince Rupert society was robbed of food for a second time this month

Cause of Kitkatla seaplane crash released

TSB report on seaplane crash during a water landing in May 2016, Inland Air has since changed policy

UPDATE: Coal train derailment near New Hazelton

CN reports no injuries or dangerous goods involved after coal train derailment in Northern B.C.

Rampage beat Quesnel to wrap up the season

The win puts Prince Rupert in second place in the CIHL

VIDEO: New whale rescue equipment comes to Rupert

Fisheries officers took to the water to practice saving stranded whales

Carriers wanted for the Northern View

We have open routes for carriers all over Prince Rupert

VIDEO: Fuel truck and train collide in B.C. causing massive fire

More emergency crews are still arriving on scene of a massive fire at the Port Coquitlam rail yard.

Back to work: U.S. government shutdown ends after Democrats relent

Short-term spending measure means both sides could see another shutdown stalemate in three weeks

Man lives despite malfunctioning defibrillator at B.C. arena

A middle-aged man went into cardiac arrest after at game at Pitt Meadows Arena last Wednesday.

Vancouver police crack down on pop-up pot vendors

Officers raided merchants’ tables on Robson Square late Sunday

Bell Media, NFL take appeal over Super Bowl ad rules to top court

At issue is a ban on substituting American ads with Canadian ones during the game’s broadcast

Crown seeks 4.5 years jail for B.C. woman convicted of counselling tax evasion

Debbie Anderson the latest from group to face jail for teaching debunked ‘natural person’ theory

UPDATE: Brother of B.C. teen killed by stray bullet says the death left a void

Alfred Wong, 15, was gunned down in Vancouver while on his way home from dinner with his family

Most Read