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B.C. communities shut out of top 15 most affordable cities: report

It probably comes as no surprise that cities in British Columbia have been shut out of a new list ranking communities with affordable housing in Canada.

The Royal LePage report, released Tuesday, shows not a single B.C. community is in the top 15.

This comes in spite of the fact that all but one of the 62 major Canadian centres surveyed showed improvement in affordability last year compared to 2024.

Lethbridge, Alta., is the most affordable market in the country, the report says, where it will take less than 20 per cent of your monthly income to cover your mortgage, according to Royal LePage.

In sharp contrast, it will take more than 80 per cent in Vancouver according to earlier research from the National Bank of Canada.

Other cities that make the top five when it comes to housing affordability are St. John, New Brunswick; Thunder Bay, Ont.; Red Deer, Alta.; and Regina, Sask.

More to come.