The BC Northern Real Estate Board has released a 2023 study in financing Home Ownership as a percentage of median income. For our incorporated communities in the Cariboo-Chilcotin Region:
Quesnel – 34.8%
Williams Lake – 37.9%
100 Mile House – 59.1%
According to the Canada Mortgage and Housing Corporation, “… housing is considered “affordable” if it costs less than 30% of a household’s before-tax income.”
The full study can be viewed at https://bcnreb.bc.ca/files/documents/HousingAffordabilityIndicators2023.pdf
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