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Affordable Homes in Alberta

affordable homes
Homes became more affordable across Canada in 2014 according to the latest Housing Trend and Affordability Report issued by economic researchers. Ownership costs are fairly low in Alberta and compared to long term and national averages. The province has climbed by 0.4% points for bungalows and 2 storey homes. Whereas the measure for condos eased by 0.2% and stands at the lowest level among all the Canadian provinces. Resale across Canada has increased for the 8th time in the past 9 months which is reflective of the hot markets in Edmonton, Calgary, Toronto & Vancouver. Strong demands for the homes in these cities, has been shown through the prices appreciating much faster than other local markets. A decline in fixed mortgage rates was the key reason there was such a growth in the housing market since the spring of 2014.