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Anu Khullar - RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424

Monday, March 14, 2011 - Alberta - Officially the most affordable in Canada!

Feb 2011 Housing Affordability report released by Robert Hogue, Senior Economist for RBC. This study pinpoints cross-country trends in housing affordability in provincial and major metropolitan housing markets.

View report here:

This report highlights Alberta as the most affordable province in all of Canada.  Home buyers and sellers always need to remember, that average incomes, job stability and growth, supply and demand factors all influence average prices.  With all of Canadians being offered the same interest rates, the difference in affordability is price for the home and average incomes.  Alberta was ranked the most affordable in Canada prior to the previous boom in prices in the early 2000s.  What do you think will happen to prices this time around? 

Contact the Preferred Group about your property or situation if you're looking for real estate expertise and advice. 

posted in News at Mon, 14 Mar 2011 15:56:33 +0000

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