How Affordable Is Buying a Home in Edmonton?
On a regular basis people to chat with grumble about the high cost of housing. Sometimes they lament for years gone by when everything was so much more affordable. Of course, this is really all in our heads. Of course, everything cost less years ago, but incomes were also much lower too.
A better comparison might be to look at the cost of homes in Edmonton relative to other cities across Canada. Again, on a regular basis I chat with people who have moved to Edmonton from cities like Toronto or Vancouver because its much easier to afford a home at all when compared to those cities. I have also heard that the amount of disposable income (after housing costs) is much higher than in other cities so perhaps we enjoy a higher standard of living too?
I came across this affordability graph a few weeks ago.
According to this study by Oxford Economics we live in the fourth most affordable city in North America. Vancouver is the least affordable and Toronto is the third least affordable.
Food for thought.
Perhaps, we should simply count our blessings and enjoy the lifestyle and affordability that YEG has to offer?
Merry Christmas and Happy Holidays to you.
To shop for ALL homes in the metro Edmonton area please go to our website www.AmbergateHomes.ca.
About the author:
You can read more about the author of this blog by clicking this link - Stuart Neal, Broker, REALTOR® & Team Lead.
For a personal consultation, call our broker owner Stuart Neal at: 780-760-2014.Posted by Stuart Neal on