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Affordability Indicator: Household Income and Housing Worries

affordability indicator: Will Wai Young scuttle the NPA's mission to win back city hall related Affordable housing worries as huge Coquitlam development moves ahead Speculation tax should be eliminated' in current form, says NanaimoA recently released annual report commissioned by the board is touting the affordability of its real estate in 2017 compared with the Lower Mainland and Greater Victoria presumably with the hope of attracting newcomers to its communities, according to Vancouver Courier. An affordability indicator, calculated by the report authors as a percentage of typical local household income spent on typical local housing costs such as mortgage payments, utilities and taxes reveals the huge disparity between the northern B.C. cities and the two major southern metropolises. The catch You'll have to move to a smaller, northern community such as 100-Mile House, Smithers or Williams Lake, where such properties are still highly affordable.article continues below Trending Stories Billionaire returns to former high school in Vancouver Killarney Serving with pride at Fire Hall No. 5Testing, testing Emergency alert system drill is Mar. 21 at 1 55 p.m. The housing affordability indicator demonstrates the difference between B.C. Northern communities and Vancouver and Victoria real estate. According to the report, the average price of a single-family home sold in northern B.C. in 2017 was about 290,000, while the average Vancouver detached house was more than 1,500,000. Source B.C. Northern Real Estate Board The report stated, In 2017, the Housing Affordability Indicator for Northern British Columbia was 28.9 per cent compared to 115.7 per cent for Vancouver. ( As reported in the news.