The most affordable places to live close to Calgary
Housing prices in the city have increased each of the last four months. This may have you looking for a more affordable living option outside of Calgary.
The cost to buy remains very high, while rent prices in Calgary are going up faster than in any other city in Canada.
Lucky for those looking, the latest report from the Calgary Real Estate Board also included numbers on regions around the city.
We’ve crunched the numbers and have found the most affordable towns and cities to live in around Calgary.
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The price went up once again in Airdrie in April as it rose from $497,200 to $502,000. That is another increase but it is still below last year’s peak of $510,700.
Inventory levels dropped in Airdrie to the lowest level since 2007.
The benchmark price in Cochrane rose for the third straight month, now sitting at $509,600 which is still below Calgary. Ninety-eight per cent of new listings sold last month creating the seller market in the stunning area just west of Calgary.
High River is still one of the most affordable areas around Calgary but we did see a price increase there for the second month in a row. Inventory levels are down 36% from this time last year.
Strathmore is the last area close to Calgary to cross the $400,000 threshold. There has been a significant decline in inventory between $300,000 and $399,999 since this time last year leading to the new price.
Ok so it doesn’t meet the criteria of “affordable” but it is fun to dream. Canmore continues to get more expensive with the benchmark price going up another $10,000 from last month and is up six percent from this time last year.