The minimum household income needed to get a mortgage for an average Prince George house in 2023 was $98,502 per year, up from $61,261 in 2019.
The minimum household income needed to buy an average house in Prince George has gone up 60.79 per cent in the past five years, according to a Citizen analysis of publicly available data.
2023 Average Prince George House Price: $449,618, 5% Down Payment: $22,481, Mortgage Amount: $427,137, Average Interest Rate: 4.39%, Minimum Annual Income: $98,502, Monthly Payment: $2,338 2020 Average Prince George House Price: $318,561, 5% Down Payment: $15,923, Mortgage Amount: $302,537, Average Interest Rate: 2.14%, Minimum Annual Income: $64,405, Monthly Payment: $1,302
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