Listen Live
Listen Live

More young people in Prince George owning homes than rest of Canada: 2016 Census

Prince George ranked very well during the 2016 Census housing numbers according to Stats Canada.

One of the biggest surprises was a number of millennials who own homes says analyst Jeff Randle.

“The homeownership rate among 15 to 24-year-olds in Prince George is about 23.6%, this is above the national average which is just under 20%.”

In BC, homeownership rates fell to 68% in 2016, that is down almost two points from the 2006 rate of 69.7%.

However, the northern capital leapfrogged both the provincial and national rates.

“About 7 in 10 people own their household, which is above the national and provincial rate. For Canada, it was just over 68 and for BC it’s right at 68% and the local rate is down about 1% over the last 10 years,” added Randle.

When we look at a number of people living in condos, the rate in Canada was a modest 13.3% in 2016.

However, that housing option is becoming quite popular in BC.

“The rate of condominium households in British Columbia is far above the national average at about 22%, which is almost 10 percentage points higher than the national average but this is driven mainly by the condominiums that are in Vancouver and Victoria.”

The average home price in Prince George in 2016 was $292,000 – that represents a 60% spike in the past decade.

NOTE: The housing price figures are not adjusted for inflation when making this comparison.

Something going on in the Prince George area you think people should know about?
Send us a news tip by emailing [email protected].

Brendan Pawliw
Brendan Pawliw
Since moving to Prince George in 2015, Brendan has covered local sports including the WHL’s Prince George Cougars, Prince George Spruce Kings, UNBC Timberwolves, Cariboo Cougars AAA, and Northern Capitals U18 female hockey teams. Career highlights include play-by-play during the Spruce Kings' BCHL championship runs in 2018 and 2019, including the Doyle Cup win. He also covered the 2019 National Junior A Championship, the 2017 Telus Cup, the 2022 World Women’s Curling Championship, and the 2022 BC Summer Games. Brendan is the news voice on 94.3 The Goat and Country 97 FM, reporting on crime, real estate, labour, and environmental issues. Outside of work, he officiates box lacrosse and fastball, sits on the Prince George Sports Hall of Fame board, and co-hosts the Hockey North podcast.

Continue Reading

cjci Now playing play

cirx Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hartley’s Sports Shorts; Thursday, September 18th

MLB: Tampa Bay Rays  2  Toronto Blue Jays  1The box score is here.The two teams complete a 4-game series today (Thursday 10:10 AM PT) in Tampa.

City Council taking CrossRoads Owner’s letter to Premier

Prince George City Council will be taking a letter from the owners of CrossRoads with them when they meet with Premier David Eby. At tonight's (Wednesday) meeting, City Council voted on sharing the letter with Eby and other relevant Provincial Ministers when it comes to public safety. 

Hockey sticks to hit the pavement at this weekend’s HockeyFest

The CN Centre will be packed with hockey action, with the HockeyFest Street Hockey Tournament this weekend.

Alberta government provides Valemount $302,000 for Jasper wildfire-related expenses

Highway 16 from British Columbia through Jasper National Park along with Highway 93 south to the Icefields were immediately closed to all commercial and tourist traffic due to the wildfires.

B.C. steps up fight against South Asian extortion threats with new RCMP-led task force

The British Columbia RCMP will lead a specialized task force to improve the province’s response to extortion threats targeting the South Asian community. 
- Advertisement -