Edmonton Ranked the Most Affordable Major City in Canada
Posted by Terry Paranych on
City of Champions, Winter City, Festival City and Oil Capital of Canada are just a few of many distinctions Edmonton has picked up over the years. Recently, Alberta’s capital has earned another title: the most affordable major city in Canada.
A recent study has revealed despite any ups and downs, the Edmonton real estate market is better than it’s been in years. In reviewing numbers from 2007 (before the real estate crash of the following year), experts have determined homes are only slightly more expensive now (2022) than they were then - with average prices compared at $361,000 and $350,000 respectively.
Though interest rates are also slightly higher than they were in 2007 (in the 6% range), average annual household incomes have leapt from…
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Canon Ridge is a nature-friendly neighbourhood located in Clareview and nestled along Northeast Edmonton’s River Valley. With Hermitage Park defining the community’s entire east end, Canon Ridge residents enjoy having countless walking paths, parks, green spaces and outdoor recreational facilities at their disposal. But that’s not all. The area also boasts a broad array of affordable home styles (including everything from low-maintenance apartments to roomy single-family homes) as well as proximity to popular Northeast Edmonton shops and services. 
