Edmonton Ranked the Most Affordable Major City in CanadaPosted 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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