- Average rental unit prices have increased 66% between 2005-2020
- Average home sales prices have increased 140% between 2016-2020
- 9,440 renter households, with 3,702 registered rental units
- 655 owner households in core need
The housing needs assessment, authored by Urban Matters in 2021 and presented to city council on Monday, found that rapidly increasing sales prices and rents and limited primary rental units are putting strain on both renters and homeowners.
Additionally, complex social issues such as homelessness and discrimination are factoring into the ability of marginalized people to find and maintain housing.
The report forecasted that Prince George is in need of about 10,903 units across every housing type by 2031.
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Here is link to the official City of PG Housing Needs Report Dec.2021 - Click Here