Jandel Homes » News & Resources » Blog » Should I Rent or Buy a Mobile Home in Prince George?
Building in BC | February 27th, 2023

Should I Rent or Buy a Mobile Home in Prince George?

The cost of living has been a hot topic among many Canadians as they search for affordable housing options that don’t compromise their lifestyle. In Prince George, the real estate market is no different. Known for its community charm and diverse job opportunities, Prince George offers everything you need for a life you’ll love.

Affordable housing options in Prince George may be different from what you think. The term “affordable” often comes with the assumption of smaller, lesser and sacrifice, but that simply isn’t the case. This blog discusses how you can get inspired to start planning your next chapter with modular housing as an affordable option.

We currently serve our Prince George customers out of our Grande Prairie Sales Centre. If you are interested in more information about Jandel Homes or want to experience our show homes, please contact our Grande Prairie Sales Centre.  

Contact Our Grande Prairie Sales Centre

Mobile Homes for Sale in Prince George

What is a mobile home and why is it more affordable?

Before we go any further, it’s important to understand exactly what type of home you’re looking at. The term ‘mobile home’ is used interchangeably with ‘modular home’ and ‘manufactured home’ and simply refers to the method of construction used to build a home.

Modular homes are often more affordable because of the overall construction efficiencies and time savings. Because mobile homes are built in a factory, the house is built faster because there aren’t any weather delays, all inspections are conducted in the factory and building materials can be stocked. Learn more about the benefits of Modular Housing here.

Modular Homes Prince George

To rent or to buy? This is a question that largely depends on your financial situation and goals.

Mobile Homes for Rent in Prince George, BC

Limited data is available to estimate the average cost of renting a single-family mobile home in Prince George, British Columbia. Comparisons can be made with site-built single-family homes within the city. In May 2022, the cost of renting a three-bedroom house ranged from $1,200 to $3,900 per month (Prince George Citizen, 2022) and these numbers have been trending upwards. So far 2023 has been the same: high rents have many Prince George residents turning their attention towards homeownership so they can start building equity in their own property.

Rent-to-own mobile homes in Prince George, BC might seem like an appealing option. It is essential to understand the full terms of a rent-to-own deal before moving forward. Learn more about how rent-to-own programs work here.

Exploring Renting versus Buying In Modular Homes

The exercise of comparing long-term rental costs versus buying is fascinating. Let’s look at an example of renting versus buying over five years.

All numbers are for example purposes only.

If you opt to rent a home in Prince George at $2,000/month for five years, that’s $120,000 in rent.

On the other hand, you can choose to buy a brand-new modular home for $300,000 and make monthly payments toward building your equity. Here’s what your payments could look like based on a 5% down payment and 4.5% interest rate. At the end of those same 5 years, you would have built $111,629.40 in equity. (These numbers are based on a mortgage calculator tool and your interest may be different – this is to illustrate an example only. Get in touch with our preferred lenders to learn what you can qualify for).

mortgage rates and calculator on home

Prince George Modular Homes

The beautiful part of purchasing your very own modular home is the ability for total design flexibility and even custom design features. Have your say in the things that matter like layout, decor selections, and built-in functionality options to make the most of your investment. Get inspired by the latest trends in housing design open-concept floorplans featured below.

The Langford

Do you love a good trend? Design your home with two-tone cabinets to add a pop of contrast to your kitchen. Here, we’re showing the Langford with ebony-ash cabinets on the lower cabinets, and antique white on top.

View the Langford here.

The Grand Haven

Create your own spa-like oasis in the comfort of your home. With the Grand Haven, you can have it all, and enjoy it too. Experience luxury with a stone shower, dual vanities and a separate jetted soaker tub.

View the Grand Haven here.

The Winfield

Need some extra space? The Winfield has not one, but two living areas all on one floor! Use this second area as a flex room for watching your favourite movies, working on hobbies or a children’s playroom.

View the Winfield here.

Prince George Mobile Homes for Sale

Jandel Homes has been serving Prince George customers out of our sales centres for nearly 50 years. We know shopping for a home can be overwhelming. Our experienced sales team is more than happy to help you find your perfect home. You can find galleries and virtual tours of our fully staged homes on our website. Easily filter homes based on parameters like the number of bedrooms, bathrooms and square footage to ensure you find exactly what you’re looking for.

Have questions or just prefer to talk to a Housing Consultant to get started? We’d love to hear from you. Contact our Grande Prairie Sales Centre to learn more about your preferred home and get a quote based on your delivery location. Call our Grande Prairie Sales Centre at 780.402.3170 or visit our website here.

Find out more information about your new home in Prince George.

Subscribe to our mailing list

* indicates required
Monthly Newsletter of Choice

Come See The Difference

Select a sales centre that is best for you: