British Columbia has the least affordable housing in all of Canada, according to newly released data from the 2021 Census.
According to that data, 25.5 percent of British Columbians spent more than a third of their income on housing in 2021, compared to the Canada-wide rate of 20.9 percent.
66.8 percent of BC residents own their homes, coming 8th among the provinces and territories, but out-pacing the national rate of 66.5 percent.
With an increase in those living alone or with roommates, the amount of Canadians renting their homes increased by 21.5 percent since 2011.
BC saw the highest rate of renters living in condos at 23.6 percent, compared to the national rate of 15 percent.
Expected housing costs in small municipalities have also rising by 36.3 percent in BC since 2016.
BC was also second only to Nunavut in terms of residents living in housing in disrepair or in need of new housing they can’t afford with 13.4 percent.
Comments