Calgary affordability advantage is the reason Canadians are moving here. Want to start a family in an apartment in Toronto? Or come to Calgary for townhouse or detached home, with higher income & lower taxes!
The Calgary affordability advantage for the average family is outstanding. So when you look at the national news media and
hear that residential markets have dropped substantially, they are talking about Toronto, Vancouver, and other cities. The media does not often focus on the Calgary advantage. This is one of many reasons why Canadians are moving to Calgary. Plus we have jobs, high income, low gas prices & heating costs, and no PST!!!
This chart shows the trend for the three cities for benchmark sold prices, Year over year (1st Mar 2022 to 1st Mar/23).
It shows all residential, which is all housing types: including apartments, townhouses, semi-detached & detached.
Summary for All Residential Sold Benchmark Prices for 1st March 2023 (over past 12 months)
Calgary: $530,900 up 1.53%
Toronto: $1,095,617 down 18%
Vancouver: $1,123,400 down 9.3%
Moving to Calgary? Contact me at cell 403 608 5682, Geoff Antrum.
Realtor at CIR Realty
Data provided by "Canadian mortgage trends", CREB and other real estate boards.