Terrace

Town · British Columbia · Population 12,017

Housing and jobs

Housing costs, rents, incomes and jobs in Terrace, with comparisons and sources.

26 · Below average

Average monthly rent$1,082/month

BC: $1,494/month · Canada: $1,209/month · 2006: $777/month · 2016: $1,007/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,205/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,619/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$420,000

BC: $785,000 · Canada: $472,000 · 2016: $338,845 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing15.2%

BC: 25.5% · Canada: 20.9% · 2006: 21% · 2016: 16.8% · Statistics Canada, 2021

60 · Good

Median household income$90,000

BC: $85,000 · Canada: $84,000 · 2006: $66,809 · 2016: $83,075 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)3.2%

BC: 7.6% · Canada: 5.2% · 2016: 1.4% · Statistics Canada, 2021

Unemployment rate6.5%

BC: 8.4% · Canada: 10.3% · 2006: 9.2% · 2016: 8.9% · Statistics Canada, 2021