Study shows housing still more affordable in the north than the rest of BC

A report released on April 19 outlines just how affordable home ownership is in the north compared to the rest of the province.

A report released on April 19 outlines just how affordable home ownership is in the north compared to the rest of the province.

The Northern BC Housing Affordability Study released by the Northern BC Real Estate Board is based on number from 2011, and shows 30.8 per cent of pre-tax median household income in the north is needed to cover mortgage costs, taxes, utilities and fees, while that number is 70.2 per cent across BC. When compared to Vancouver, the difference is almost 60 per cent with that figure sitting at 90.6 per cent.

In Prince Rupert in 2011, that number sat at 29.2 per cent, the fourth lowest in northern BC behind Quesnel, Mackenzie and Kitimat.That number is also the lowest since 2007, with the affordability reaching a nine year high back in 2008.

In terms of the average house price, Prince Rupert is well below that of northern BC. Prince Rupert’s average selling price was $175,217 while the average for the region that stretches from the Yukon border to 100 Mile House was just under $250,000. The highest average selling price in northern BC was in Fort St. John at $323,608 while the lowest was in Mackenzie at $110,459.

 

Just Posted

Prints Rupert Camera Club opens 2019 exhibition

The show is dedicated to the memory of long-time member Chris Green

City council briefs: Cannabis shop, Metlakatla venture and budget consultation

Prince Rupert council meets on March 25 for the Committee of the Whole

Terrace death not considered suspicious at this time: RCMP

Body of 49-year-old man was found in wooded area near Olson Ave. March 22

Pick-up truck crashes into nail salon entrance on McBride

Prince Rupert police say driver’s vision was obstructed by loose papers inside the vehicle

Three people from Prince Rupert area recovering from shellfish poisoning

Butter clams harvested in November 2018 could cause paralytic shellfish poisoning

Rupert’s greens ready for golf season

VIDEO: Prince Rupert Golf Club is open for 2019 with turf that weathered well over winter

BREAKING: BC Ferry crashes into Langdale terminal

The Queen of Surrey is stuck on the dock, causing delays to Horseshoe Bay

Eviction halted for B.C. woman deemed ‘too young’ for seniors’ home

Zoe Nagler, 46, had been given notice after living in the seniors complex in Comox for six years

Vancouver Island home to B.C.’s luckiest lotto store

Five million-dollar winners have bought tickets from same Port Alberni corner store

Video of ‘shocking, chilling execution’ opens B.C. murder hearing

Sentencing underway for Brandon Woody after pleading guilty to second-degree murder in Nanaimo

Is it a homicide? B.C. woman dies in hospital, seven months after being shot

Stepfather think Chilliwack case should now be a homicide, but IHIT has not confirmed anything

SPCA seizes 54 animals from Vernon property

Animals weren’t receiving adequate care

Morneau unveils principles for Indigenous ownership in Trans Mountain pipeline

The controversial pipeline was bought by Ottawa last year

Refugee who sheltered Edward Snowden in Hong Kong arrives in Canada

Vanessa Rodel and her seven-year-old daughter Keana arrived in Toronto this week

Most Read