Courtesy of MyPrinceGeorgeNow.com
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...