B.C. cities fail to crack national housing affordability list
A new list of Canada’s most affordable cities has been released and not a single community in British Columbia cracked the top 15.
Royal LePage conducted a report and collected data from coast to coast and found that Quebec City and Edmonton are the top choices for relocation due in part to the lower cost of living.
The report shows that 45 per cent of Greater Vancouver residents would consider moving to the Alberta capital.
The most affordable market in the country is Thunder Bay, Ontario with the average home price at $299,300 where it would take 22.2 per cent of a households monthly income to pay a mortgage payment.
Saint John, Red Deer, Tros-Rivieres and Edmonton all made the top five with the percentage of house hold incomes needed ranges between 25.1 per cent and 28.9 per cent.
According to the Royal LePage, Kelowna was the found to be the least expensive city in B.C. with a mortgage payment requiring 62.9 per cent of the average monthly income.
The second-most affordable city is Abbotsford at 72.2 per cent.
“We see in B.C., and particularly in Vancouver, that geographically it has constraints that are natural with mountains and oceans and there are less places for homes and there are a tremendous number of people who want homes, so we can’t build fast enough, not building enough,” said Karen Yolevksi, the COO of Royal LePage.
Despite the high cost of housing, Royal LePage found that those from Greater Vancouver are the most likely to want to stay put, at 46 per cent. That's compared to 40 per cent in Greater Montreal and 37 per cent in the Greater Toronto Area, saying they would not consider moving to one of the most affordable cities on the list.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6976926.1721883767!/httpImage/image.png_gen/derivatives/landscape_800/image.png)
LIVE UPDATES Multiple homes, businesses 'lost' to wildfire in Jasper National Park: Parks Canada
Officials from Parks Canada and Jasper say "multiple structures, including a number of businesses and homes, in and around the town of Jasper, have been lost" to wildfire in Jasper National Park.
Alberta premier says a third, perhaps half, of all Jasper buildings destroyed by fire
Alberta Premier Danielle Smith says early reports indicate a third and perhaps up to half of all buildings in the historic Rocky Mountain resort town of Jasper have burned in a wildfire.
Prince William's 2023 salary revealed in new report
Newly released financial reports show that William, the Prince of Wales, drew a salary of $42.1 million last fiscal year, his first since inheriting the vast and lucrative Duchy of Cornwall.
Tourist suffers 3rd-degree burns to feet after losing flip flops amid soaring temperatures in Death Valley
A tourist was hospitalized after suffering serious burns on his feet on Saturday when he lost his flip flops at a U.S. national park where temperatures soared past 48 Celsius.
'There's mom and dad's house': New video appears to show destruction of Jasper neighbourhood
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
Former judge with disputed Cree heritage likely has Indigenous DNA: law society
The Law Society of British Columbia says a DNA test shows a former judge and Order of Canada recipient accused of falsely claiming to be Cree "most likely" has Indigenous heritage.
Australian field hockey player opts to amputate part of his finger in order to compete in Paris Olympics
In the run up to the Paris Olympics, athletes have been stepping up their preparations in order to maintain their edge over competitors. But for Australia’s Matt Dawson, those preparations looked a little different this year, with the field hockey player opting to have part of his finger amputated in order to compete in the Games.
Canada to bring home fewest Olympic medals since 2012, according to forecaster
Fewer Canadians are expected to reach the Paris podium than in the previous two Olympic Summer Games, a global data analytics company predicts.
Jennifer Aniston criticizes JD Vance for 'childless cat ladies' remarks: 'I pray that your daughter is fortunate enough to bear children'
Jennifer Aniston is criticizing JD Vance for comments he made in his past about women without children.