It will cost you more than one-third of pre-tax income to secure a home in Prince George, according to the BC Northern Real Estate Board.
The 2025 Housing Affordability Indicator Index was released Thursday.
Prince George’s rate sits at 37.5 per cent — nearly three points higher than the regional average of 34.7 per cent.
The northern capital has the fifth-highest rate among communities in the region.
In terms of home ownership, 100 Mile House remains the least affordable at 61.4 per cent.
Affordability improved for much of the region with Williams Lake and Kitimat the only exceptions mostly driven by the highest house price increases (11.7 per cent and 8.6 per cent).
In addition, Fort St. John recorded the most affordable Housing Affordability Indicator at 25.1 per cent followed by Kitimat at 25.3 per cent.
According to the Canada Mortgage and Housing Corporation, housing is considered “affordable” if it costs less than 30 per cent of a household’s before-tax income.
The aggregate Housing Affordability Indicator for the region is 34.7 per cent, down half a point compared to 2024.
Last year, the average home price in Northern BC was $480,351 – a spike of over 4 per cent from 2024.
Prices varied, topping out at $560,637 in Terrace with Smithers, 100 Mile, Williams Lake and Prince George also surpassing the $500,000 threshold.
Quesnel is the only community with an average house price below $400,000, at $389,692.
Here is a breakdown of the percent of median household income needed to finance home ownership in the north (from highest to lowest):
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- 100 Mile House, 61.4 per cent
- Williams Lake, 40.5 per cent
- Smithers, 38.5 per cent
- Terrace, 37.9 per cent
- Prince George, 37.5 per cent
- Quesnel, 34.3 per cent
- Prince Rupert, 31.2 per cent
- Kitimat, 25.3 per cent
- Fort St. John, 25.1 per cent
