Calgary’s no scrub when it comes to affordability. In the 12th Annual Demographia International Housing Affordability Survey, Calgary ranked among the top 50 for affordable housing globally when it comes to cities with over one million people.
Not bad, especially considering Vancouver ranked as having the third least affordable housing market globally, only behind Sydney, Austalia, and Hong Kong, China.
Canada is considered a moderately unaffordable place to live, but has a “seriously unaffordable” major market, according to the survey’s third quarter 2015 results.
Among the top 50 most affordable major cities to live in, Calgary came in at number 49. Edmonton took the 38th spot, tying with Orlando, Flordia, Austin, Texas, and Phoenix, Arizona. Buffalo, New York took the top spot.
Canada’s most affordable housing markets were Moncton and Saint John, both in New Brunswick. They tied for the top spot.
Unsurprisingly, four out of the top five least affordable Canadian housing markets are in B.C. Taking the top spot is Vancouver, followed by Victoria in second, the Fraser Valley in fourth, and Kewlona in fifth. Toronto took the third place spot.