Cheap Houses for Sale in Calgary

Cheap Houses for Sale in Calgary

Prices in small cities in Ontario have risen to levels that make Calgary competitive. In May, the average resale price in Windsor was $551,915; in London, it was $586,200; and in Eastern Ontario's Rideau-St. Lawrence region, it was $489,149.

Calgary is a prosperous city with affordable housing. It led Canada in median household total income in 2016, with $99,583, while Saint John had $63,737, Toronto had $78,373, and Vancouver had $72,662. This explains why Calgary performs well in a key affordability metric - the percentage of household income required to pay the mortgage. And this is in a province where there is no sales tax.

According to the Alberta Central report, the average Canadian family would spend about 24% of its income on mortgage payments for a typical home purchased with a 20% down payment, with Vancouver topping the list at 36%. Edmonton and Calgary are in the 11-to-13-percentage-point range.

Interested in Calgary Real Estate?

Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
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