Affordable housing is an important part of every community in B.C., but it can mean different things to different people. It is helpful to explore factors that influence housing affordability.
Finding a suitable home for a reasonable price can be a challenge for anyone, but it’s often more difficult for single-income households, seniors and Indigenous people living off-reserve.
Many organizations, programs and even mortgage lenders consider housing affordable if it costs no more than 30% of household income before taxes. This measure is a useful tool that can be used when choosing a place to live, but housing affordability is often based on a combination of factors, and every situation is different.
Here are some examples:
The content on this website is periodically reviewed and updated by the Province of British Columbia as per the date noted on each page: February 19, 2018.