Real Estate Daily Report

Housing affordability improves for most of northern B.C.

  • 📰 TerraceStandard
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Williams Lake is the only community measured which saw a decrease in affordability for home owners

Housing affordability improved in 2023 for most of northern B.C., with the exception of Williams Lake.

Housing affordability was calculated as the percentage of the median household income required to cover the costs of home ownership in a community, including mortgage payments, taxes and fees, and utilities for a single family home on less than one acre. The report contrasted this with the Vancouver area’s affordability, which was calculated at 137 per cent.

Kitimat and Fort St. John were the most affordable in 2023. Kitimat was 22.8 per cent and Fort St. John was 24.4. per cent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Factory-built housing' linchpin in solving Canada's housing crisis, says former mayorCo-chair of housing and climate task force says B.C. forestry industry to play key role in building 5.8 million homes through 'factorization' of Canadian housing.
Source: timescolonist - 🏆 15. / 75 Read more »