Quesnel and Williams Lake are the two most affordable small towns in BC when it comes to buying a home.
That according to a survey done by Zolo Homebase.
Romana King is the Director of Content.
“First of all we look at housing affordability in terms of the average price, how much does it cost for the average home in that city ? The next thing we’re going to look at is what is the average income a family is going to earn ? You can’t buy or make a mortgage payment if you don’t have any money in order to pay that, so you want gainful employment.”
King says other factors are if the city growing economically, and if the unemployment rate relatively low.
As for what her group does with this information, King says it is designed to help people decide where they want to live.
“We put this information out there to help people that are in the market, but not quite sure what to do, make better decisions. So at no time do I suggest that people take this list and buy based on a list, but what I do want people to do is take the list and narrow down their choices.”
King says it can become overwhelming if you look at all of BC and all of the small towns in BC, but if you have a top 10 list of all the small towns in BC, suddenly that investigation of where would be a good place to live becomes a lot more manageable.
Quesnel was first in BC out of towns with a population under 30,000 people, while Williams Lake was second.