Jensen Lakes Real Estate Statistics for June 2023

A total of 7 homes SOLD in Jensen Lakes this month. The highest priced home SOLD in Jensen Lakes this month was a 5 bed, 3 bath, 3023 square foot home for $1524900, and the lowest was a 3 bed, 2 bath, 1186 square foot home for $359998, bringing the average to $777442 for 4 beds, 2.5 baths, and 1847 square feet. 

 
CLICK HERE! to view all current Jensen Lakes homes for sale by Don Cholak.
 

Sell your Jensen Lakes home:

Ready-to-sellAre you looking to sell your home in Jensen Lakes? Don Cholak has decades of expertise and experience in Jensen Lakes and is ready to help you sell your Jensen Lakes home today! Just click the big red button above or call Don at 780-718-8400.
 

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Are you looking to buy a home in Jensen Lakes? Don Cholak is an expert and experienced Realtor in Jensen Lakes and can help you find the perfect home in Jensen Lakes today! Just click the big red button above or call Don at 780-718-8400.
 

Inglewood Real Estate Statistics for June 2023

A total of 1 homes SOLD in Inglewood this month. The highest priced home SOLD in Inglewood this month was a 4 bed, 3 bath, 2682 square foot home for $899900, and the lowest was a 4 bed, 3 bath, 2682 square foot home for $899900, bringing the average to $899900 for 4 beds, 3 baths, and 2682 square feet. 

 
CLICK HERE! to view all current Inglewood homes for sale by Don Cholak.
 

Sell your Inglewood home:

Ready-to-sellAre you looking to sell your home in Inglewood? Don Cholak has decades of expertise and experience in Inglewood and is ready to help you sell your Inglewood home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Inglewood:

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Are you looking to buy a home in Inglewood? Don Cholak is an expert and experienced Realtor in Inglewood and can help you find the perfect home in Inglewood today! Just click the big red button above or call Don at 780-718-8400.
 

Heritage Lakes Real Estate Statistics for June 2023

A total of 4 homes SOLD in Heritage Lakes this month. The highest priced home SOLD in Heritage Lakes this month was a 4 bed, 4 bath, 1463 square foot home for $514900, and the lowest was a 2 bed, 2 bath, 1062 square foot home for $349900, bringing the average to $444900 for 3 beds, 3 baths, and 1278 square feet. 

 
CLICK HERE! to view all current Heritage Lakes homes for sale by Don Cholak.
 

Sell your Heritage Lakes home:

Ready-to-sellAre you looking to sell your home in Heritage Lakes? Don Cholak has decades of expertise and experience in Heritage Lakes and is ready to help you sell your Heritage Lakes home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Heritage Lakes:

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Are you looking to buy a home in Heritage Lakes? Don Cholak is an expert and experienced Realtor in Heritage Lakes and can help you find the perfect home in Heritage Lakes today! Just click the big red button above or call Don at 780-718-8400.
 

Grandin Real Estate Statistics for June 2023

A total of 13 homes SOLD in Grandin this month. The highest priced home SOLD in Grandin this month was a 5 bed, 3 bath, 4226 square foot home for $939000, and the lowest was a 3 bed, 1 bath, 1002 square foot home for $344900, bringing the average to $486214 for 3 beds, 2 baths, and 1625 square feet. 

 
CLICK HERE! to view all current Grandin homes for sale by Don Cholak.
 

Sell your Grandin home:

Ready-to-sellAre you looking to sell your home in Grandin? Don Cholak has decades of expertise and experience in Grandin and is ready to help you sell your Grandin home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Grandin:

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Are you looking to buy a home in Grandin? Don Cholak is an expert and experienced Realtor in Grandin and can help you find the perfect home in Grandin today! Just click the big red button above or call Don at 780-718-8400.
 

Forest Lawn Real Estate Statistics for June 2023

A total of 4 homes SOLD in Forest Lawn this month. The highest priced home SOLD in Forest Lawn this month was a 5 bed, 2 bath, 1190 square foot home for $494900, and the lowest was a 4 bed, 2 bath, 1114 square foot home for $329900, bringing the average to $418687 for 4 beds, 2 baths, and 1167 square feet. 

 
CLICK HERE! to view all current Forest Lawn homes for sale by Don Cholak.
 

Sell your Forest Lawn home:

Ready-to-sellAre you looking to sell your home in Forest Lawn? Don Cholak has decades of expertise and experience in Forest Lawn and is ready to help you sell your Forest Lawn home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Forest Lawn:

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Are you looking to buy a home in Forest Lawn? Don Cholak is an expert and experienced Realtor in Forest Lawn and can help you find the perfect home in Forest Lawn today! Just click the big red button above or call Don at 780-718-8400.
 

Erin Ridge North Real Estate Statistics for June 2023

A total of 6 homes SOLD in Erin Ridge Nort this month. The highest priced home SOLD in Erin Ridge Nort this month was a 5 bed, 3 bath, 2616 square foot home for $748500, and the lowest was a 3 bed, 2 bath, 1803 square foot home for $619900, bringing the average to $673440 for 4 beds, 2.5 baths, and 2242 square feet. 

 
CLICK HERE! to view all current Erin Ridge Nort homes for sale by Don Cholak.
 

Sell your Erin Ridge Nort home:

Ready-to-sellAre you looking to sell your home in Erin Ridge Nort? Don Cholak has decades of expertise and experience in Erin Ridge Nort and is ready to help you sell your Erin Ridge Nort home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Erin Ridge Nort:

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Are you looking to buy a home in Erin Ridge Nort? Don Cholak is an expert and experienced Realtor in Erin Ridge Nort and can help you find the perfect home in Erin Ridge Nort today! Just click the big red button above or call Don at 780-718-8400.
 

Erin Ridge Real Estate Statistics for June 2023

A total of 9 homes SOLD in Erin Ridge this month. The highest priced home SOLD in Erin Ridge this month was a 6 bed, 4 bath, 2831 square foot home for $795000, and the lowest was a 3 bed, 2 bath, 1149 square foot home for $479900, bringing the average to $612833 for 4 beds, 3 baths, and 2104 square feet. 

 
CLICK HERE! to view all current Erin Ridge homes for sale by Don Cholak.
 

Sell your Erin Ridge home:

Ready-to-sellAre you looking to sell your home in Erin Ridge? Don Cholak has decades of expertise and experience in Erin Ridge and is ready to help you sell your Erin Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Erin Ridge:

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Are you looking to buy a home in Erin Ridge? Don Cholak is an expert and experienced Realtor in Erin Ridge and can help you find the perfect home in Erin Ridge today! Just click the big red button above or call Don at 780-718-8400.
 

Deer Ridge Real Estate Statistics for June 2023

A total of 16 homes SOLD in Deer Ridge this month. The highest priced home SOLD in Deer Ridge this month was a 5 bed, 3 bath, 2320 square foot home for $599900, and the lowest was a 3 bed, 2 bath, 1125 square foot home for $351888, bringing the average to $479074 for 4 beds, 2.5 baths, and 1629 square feet. 

 
CLICK HERE! to view all current Deer Ridge homes for sale by Don Cholak.
 

Sell your Deer Ridge home:

Ready-to-sellAre you looking to sell your home in Deer Ridge? Don Cholak has decades of expertise and experience in Deer Ridge and is ready to help you sell your Deer Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Deer Ridge:

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Are you looking to buy a home in Deer Ridge? Don Cholak is an expert and experienced Realtor in Deer Ridge and can help you find the perfect home in Deer Ridge today! Just click the big red button above or call Don at 780-718-8400.
 

Braeside St.Albert Real Estate Statistics for June 2023

A total of 4 homes SOLD in Braeside this month. The highest priced home SOLD in Braeside this month was a 5 bed, 2 bath, 1772 square foot home for $519900, and the lowest was a 3 bed, 2 bath, 1180 square foot home for $349000, bringing the average to $445925 for 4 beds, 2 baths, and 1460 square feet. 

 
CLICK HERE! to view all current Braeside homes for sale by Don Cholak.
 

Sell your Braeside home:

Ready-to-sellAre you looking to sell your home in Braeside? Don Cholak has decades of expertise and experience in Braeside and is ready to help you sell your Braeside home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Braeside:

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Are you looking to buy a home in Braeside? Don Cholak is an expert and experienced Realtor in Braeside and can help you find the perfect home in Braeside today! Just click the big red button above or call Don at 780-718-8400.
 

St. Albert Real Estate Statistics June 2023

A total of 116 homes SOLD in St. Albert this month. The highest priced home SOLD in St. Albert this month was a 6 bed, 2 bath, 4226 square foot home for $1524900, and the lowest was a 2 bed, 1 bath, 908 square foot home for $314900, bringing the average to $531431 for 4 beds, 2.5 baths, and 1697 square feet. 

 
CLICK HERE! to view all current St. Albert homes for sale by Don Cholak.
 

Sell your St. Albert home:

Ready-to-sellAre you looking to sell your home in St. Albert? Don Cholak has decades of expertise and experience in St. Albert and is ready to help you sell your St. Albert home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in St. Albert:

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Are you looking to buy a home in St. Albert? Don Cholak is an expert and experienced Realtor in St. Albert and can help you find the perfect home in St. Albert today! Just click the big red button above or call Don at 780-718-8400.
 

Akinsdale St.Albert Real Estate Second Quarter Stats 2023

A total of 9 homes SOLD in Akinsdale this month. The highest priced home SOLD in Akinsdale this month was a 5 bed, 3 bath, 2182 square foot home for $524900, and the lowest was a 3 bed, 1.5 bath, 1165 square foot home for $329900, bringing the average to $428232 for 4 beds, 2.5 baths, and 1165 square feet. 

 
CLICK HERE! to view all current Akinsdale homes for sale by Don Cholak.
 

Sell your Akinsdale home:

Ready-to-sellAre you looking to sell your home in Akinsdale? Don Cholak has decades of expertise and experience in Akinsdale and is ready to help you sell your Akinsdale home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Akinsdale:

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Are you looking to buy a home in Akinsdale? Don Cholak is an expert and experienced Realtor in Akinsdale and can help you find the perfect home in Akinsdale today! Just click the big red button above or call Don at 780-718-8400.
 

#14 200 Erin Ridge Drive : St. Albert : E4342869

Welcome to this 3 bedroom, 1.5 bathroom, 1314sq.ft bareland condo in Erin Ridge Lane!
 

 

MLS#: E4342869 Experience the perfect blend of comfort and style in this exceptional 3 bedroom half duplex in Erin Ridge Lane! Inside this 1300sqft home, discover a bright and sunny main floor with laminate flooring, gas fireplace and a well appointed kitchen with pantry and tons of counter space. Access the private, fully fenced backyard through sliding patio doors. Upstairs you will find a spacious primary bedroom with a large walk-in closet and 2 additional good size bedrooms. The fully finished basement features engineered hardwood flooring, adding sophistication to the space. Recent upgrades include a NEW furnace (2023), NEW shingles, and HWT (2019), ensuring efficiency and peace of mind. LOW condo fee of just $145.00 a month. Attached single car garage with driveway space for 2 additional cars! Conveniently located near schools, parks, and shopping, this home provides easy access to amenities. Don’t miss this opportunity to embrace comfortable and stylish living in this remarkable half duplex!
 
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8 Huntly Court : St. Albert : E4339805

Welcome to this 4 bedroom, 2.5 bathroom, 1334sq.ft single family home in Heritage Lakes!
 

 

MLS#: E4339805 Welcome to this beautiful custom-built bungalow, with over 1333 sq ft, 4 bedrooms plus den and F/F basement! QUIET cul-de-sac location with one of the LARGEST pie-shaped lots in the area! Sunshine fills this open plan home with WARMTH through many LARGE WINDOWS and vaulted ceilings! Enjoy central A/C while working from home with a den just off the front foyer w/ double French doors for privacy. UPGRADES: heated bathroom floors, oak hardwood FLOORING throughout the upstairs, pantry, backsplash, and countertops in kitchen. SPACIOUS bright dining area off kitchen overlooks BEAUTIFUL & PRIVATE landscaped back yard with fruit trees and inground SPRINKLER SYSTEM. Stone patio and fire pit area for those cool evenings. Gorgeous, professionally finished basement with engineered hardwood flooring, LARGE family room w/ gas FIREPLACE, 2 bedrooms, custom STEAM SHOWER, and exercise room to work out from home. Just 250m to Ecole La Mission (K-6). Make this your BEST MOVE yet!
 
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24 Delwood Place : St. Albert : E4337237

Welcome to this 5 bedroom, 4 bathroom, 2228sq.ft single family home in Deer Ridge!
 

 

MLS#: E4337237 Stunning 5-bedroom, 2228 sq ft home in Deer Ridge! Welcoming large verandah! Soaring 20ft ceilings in main living/dining area! IMMACULATE & well-maintained home with office and laundry room on main floor. Beautifully renovated kitchen/nook area with adjoining COZY family room w/ FIREPLACE. Gorgeous master bedroom with sitting area, fireplace, & HUGE 5-piece ensuite. F/F basement has 2 large bedrooms, 3rd fireplace and 4-piece bath. BEAUTIFULLY LANDSCAPED yard with underground sprinkler, massive deck, and perfect spot for a hot tub! Newer shingles/eaves. OVERSIZED 21 x 23 garage! QUIET cul-de-sac with LARGE pie shape lot backing onto park & walkways connecting to four schools.
 
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#125, 45 Inglewood Drive : St. Albert : E4333937

Welcome to this 2 bedroom, 2 bathroom, 992sq.ft condo in Inglewood!
 

 

MLS#: E4333937 Elegant 2 bedroom, 2 bathroom 992 sq ft unit with southeast exposure with lots of windows making this unit bright and spacious! 9 ft ceilings and BEAUTIFUL high-end finishes such as hickory kitchen cabinetry, engineered HARDWOOD flooring, undermount sinks in kitchen and bathrooms with ceramic tile backsplash. Both bedrooms are well-sized with LARGE WINDOWS! Master bedroom has a separate walk-in closet and 3 pc ensuite with a large shower. Additional features: convenient in-suite laundry, AIR CONDITIONING, and a patio that overlooks the courtyard! This 35+ adult-only building offers many GREAT AMENITIES including exercise room, workshop, car wash, HEATED U/G parking, and INDOOR salt water POOL, hot tub & sauna! Great opportunity, fantastic location, near restaurants, transportation and many trails! Available immediately!
 
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228, 45 Inglewood Drive : St. Albert : E4332950

Welcome to this 2 bedroom, 2 bathroom, 1054sq.ft condo in Inglewood!
 

 

MLS#: E4332950 One of St. Albert’s most DESIRABLE condominium buildings! Beautiful and inviting PRIVATE CORNER unit has 1054 sq ft offering 2 bedrooms, 2 bathrooms, open concept kitchen and dining room that leads to a wonderful living room space. Upgrades include a beautiful new kitchen tile backsplash, modern lighting, newer paint, and vinyl plank flooring. Large windows bring loads of sunshine in making this unit feel bright and airy! The Master Bedroom has a 4 piece ensuite and walk-in closet. The second bedroom is located on the opposite side of the unit and close to the second bathroom. This unit has central AIR-CONDITIONING and convenient IN-SUITE LAUNDRY ROOM! Great private BALCONY with gas hook up for barbecuing season or for quiet mornings with coffee. One HEATED UNDERGROUND PARKING stall with storage room and access to a car wash! Great amenities including INDOOR HEATED salt water POOL, hot tub, sauna, workshop area, library, social area with games room and pool table.
Ideal central location, close to shopping, restaurants, trails and parks!
 
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313, 45 Inglewood Drive : St. Albert : E4330556

Welcome to this 2 bedroom, 2 bathroom, 1310sq.ft condo in Inglewood!
 

 

MLS#: E4330556 Sierras of Inglewood, St. Albert’s most desirable condominium complexes. One of the BEST and LARGEST units offering 1310 sq. ft in a quiet location. BRIGHT and SPACIOUS open concept plan, 2 bedrooms, 2 bathrooms, and in-suite laundry room with storage space! Inviting and welcoming space with large windows throughout. Wake up to sunshine with an east-facing exposure. Enjoy watching beautiful sunrises from your private balcony that has a phantom screen. Renovations include bathroom, flooring, lighting, and upgraded kitchen cabinetry with stainless steel appliances, including NEW d/w and fridge. Amazing walk-in CUSTOM CLOSET off master ensuite. Perfect for organizing your wardrobe and large shoe collection! Well-maintained 35 + Adult-Only building with loads of amenities: INDOOR saltwater POOL, hot tub & sauna! HEATED underground parking & storage, central A/C, exercise room, library, car wash, and workshop.
Ideal central location close to shopping, restaurants, Sturgeon Hospital, and public transportation.
Fantastic opportunity for professionals, empty nesters, or anyone who enjoys a carefree lifestyle!
 
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Housing Affordability in Canada: 2022 RE/MAX Report

Source

Relocation, relocation, relocation: Canadians love their neighbourhoods, but will move to achieve housing affordability

  • For 64 per cent of Canadians, relocation is among the top sacrifice they’d be willing to make in order to achieve housing affordability; however, half (50 per cent) agree that the farthest they would go would be less than 100 kilometres
    • 56 per cent say that moving to a different neighbourhood/community would be one of the top three sacrifices they would make
    • 38 per cent would make the sacrifice of moving to a different city/province/region regardless of distance
  • 38 per cent of Canadians define housing affordability as a home they can afford that meets their basic needs, and includes some liveability elements, such as green spaces and restaurants
  • Based on average residential selling price, Brandon, MB ranked as the most affordable market in 2022, replacing Winnipeg which was most affordable in RE/MAX Canada’s 2021 ranking. This is followed by Regina, SK (which remained on the list year-over-year), St. John’s, NL, Moncton, NB and Red Deer, AB
  • Based on the share of income spent on mortgage payments, Red Deer, AB ranked as Canada’s most affordable housing market, with 25.86% of average monthly income spent on the average-priced home. This is followed by Regina, SK (26.94%) and Brandon, MB (27.73%) in Western Canada. Eastern Canada’s most affordable regions to buy a carry a mortgage include Thunder Bay, ON (29.78% of monthly income spent on mortgage), followed by St. John’s, NL (31.45%) and Moncton, NB (33.4%)

Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent.

According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

“Despite affordability challenges across the cost-of-living spectrum, Canadians are still eager to engage in the housing market – even if it means making some sacrifices in the short-term to achieve affordable home ownership,” says Christopher Alexander, President, RE/MAX Canada.

RE/MAX Canada asked Canadians to define what “housing affordability” means to them – 38 per cent of survey respondents defined affordable housing as “a home they can afford and meets their basic needs, and includes some of the liveability elements they like such as proximity to school; or walkable neighbourhoods,” to name a few.

“While we wait for governments to implement a national housing strategy to boost Canada’s supply of affordable housing, in the short-term the market is starting to cool and balance itself out, bringing some much-needed relief from the sky-high prices that we experienced during much of the pandemic. This trend is largely being driven by higher interest rates,” says Alexander.

Housing Affordability in Canada: Regional Market Trends

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022.

Housing Affordability in Western Canada

Across Western Canada, competition from out-of-town or move-over buyers has put upward pressure on home prices year-over-year. Double-digit year-over-year price increases were noted in Kelowna/Central Okanagan, BC (+21.1% from $778,657 in 2021 to $942,977 in 2022), Vancouver, BC (+19.69% from $1,097,000 in 2021 to $1,313,000 in 2022), Victoria, BC (+14.93% from $885,117 in 2021 to $1,017,292 in 2022), and Winnipeg, MB (+12.66% from $388,291 in 2021 to $437,460 in 2022). Meanwhile, more modest price increases were seen in markets including Calgary, AB (+5.85% from $499,229 in 2021 to $528,440 in 2022), Edmonton, AB (+4.73% from $390,490 in 2021 to $408,961 in 2022), Red Deer, AB (+3.24 % from $345,576 in 2021 to $356,779 in 2022), Regina, SK (+0.42% from $322,600 in 2021 to $323,950 in 2022), Brandon, MB (+1.75% from $304,929 in 2021 to $310,252 in 2022) and Saskatoon, SK (+1.45 from $368,079 in 2021 to $373,410 in 2022).

In regions such as Victoria, BC, and Vancouver, BC, some of the most significant factors impacting housing affordability include the high cost of living, inflation, and the housing supply shortage, which is being further compounded by new-home construction delays. Some of these factors reign true as well in regions such as Edmonton, AB, where affordability challenges are being attributed to residential construction delays; out-of-province/out-of-region buyers driving up demand and prices; and rising interest rates. In Calgary, the primary factor has been rising interest rates.

As buyers navigate high housing prices, some regions across Western Canada are experiencing trends such as properties being purchased as a primary residence while also renting part of the home to supplement monthly mortgage payments. The pooling of finances between friends and family has continued to remain a trend, as noted by the local RE/MAX broker in Victoria, BC.

The most affordable neighbourhoods across Western Canada regions surveyed include:

  • Victoria, BC – Sooke, Saanich West and View Royal
  • Kelowna/Central Okanagan, BC – Rutland, Glenrosa and Kelowna North
  • Edmonton, AB – Beverly/Beacon Heights, Prince Rupert/Queen Mary Park and Westwood
  • Calgary, AB – Dover, Erinwoods and Abbeydale
  • Red Deer, AB – Vanier Woods, Sunnybrook South and Laredo
  • Winnipeg, MB – Transcona, North Kildonan and Riverbend
  • Brandon, MB – Souris, Wawanesa and Rivers
  • Saskatoon, SK – Riversdale, King George and Casewell Hill

Interest Rate Effect on Housing Affordability in Canada

The record-low interest rates that first appeared in 2020 and continued throughout 2021 presented an exceptional opportunity for Canadians to enter or move up in the housing market. However, they also added fuel to an already hot market. With inflation at a 40-year high and interest rates rising, the housing market is starting to cool. In late 2021, RE/MAX Canada had anticipated steady price growth for the year ahead, with an estimated 9.2-per-cent increase in average residential sale prices across the country for 2022. Currently, with the exception of Hamilton, Ontario, price growth appears to be easing ­– a trend that is expected to continue through the remainder of 2022, with growth likely to occur in the single digits, and some markets expected to experience a modest decline.

“Despite current economic conditions, rising interest rates are not the biggest factor impacting housing affordability,” says Benjamin Tal, Deputy Chief Economist, CIBC. “Instead, it’s the pace at which interest rates increase that poses a greater risk to the housing market and economy in the short-term. In the long-run, factors such as rising immigration levels putting further strain on demand, limited housing supply, supply chain hold-ups, and the shortage of skilled labourers will be the greatest hurdles in overcoming Canada’s housing affordability crisis. These must all be addressed in order to help balance supply.”

Adds Elton Ash, Executive Vice President, RE/MAX Canada, “The shifts we are seeing in the housing market, with prices starting to ease across the country in tandem with softening demand and sales, are an overdue adjustment. A healthy housing market is characterized by price appreciation in the mid- to high-single digits, and many markets across Canada are re-entering that comfort zone.”

Based on broker insights and external data, as indicated within the accompanying RE/MAX Canada Housing Affordability Index, the average monthly mortgage amount across Canada ranges from approximately $1,492 to $6,314. Depending on regional income levels and with a 20-per-cent down payment, this accounts for anywhere from 25.86 to 112.25 per cent of Canadians’ monthly income. According to the Leger survey, 18 per cent of Canadians define housing affordability as allocating only 30 to 40 per cent of their monthly household income toward housing costs, including mortgage payments, property taxes and other housing-related expenses.

Thus, concern over the ability to afford a home remains among Canadians, with 68 per cent of survey respondents agree that they can’t afford to buy a home in the neighbourhood/region they choose in the next six months; 64 per cent say that eroding housing affordability is making them less confident in their ability to purchase a home; and 63 per cent express that rising interest rates are prompting them to put their home-buying plans on hold for the foreseeable future. Unsurprisingly, 70 per cent of Canadians agree that Canada needs a national housing strategy to solve the housing crisis. This number is up 10 per cent from last year.

About the 2022 RE/MAX Canada Housing Affordability Report: The 2022 RE/MAX Canada Housing Affordability Report includes data and insights from RE/MAX brokerages. RE/MAX brokers and agents are surveyed on market activity and local developments. Average sale price is reflective of all property types in a region and varies depending on the region. Regional summaries with additional broker insights can be found at RE/MAX.ca.

#134, 45 Inglewood Drive : St. Albert : E4322126

Welcome to this 1 bedroom, 1 bathroom, 819sq.ft condo in Inglewood!
 

 

MLS#: E4322126 Welcome to Sierra’s of Inglewood, St. Albert’s most desirable condominium complexes. This well-maintained MAIN floor unit is bright & spacious with several large windows and beautiful upgraded laminate flooring. This open floor plan features one bedroom, living room, kitchen, and 4 piece main bathroom, including a convenient in-suite laundry room. Easy access to outdoor patio from the living room. Enjoy all the great amenities that this 35 + adult building offers: Indoor salt water POOL, sauna, guest suites, workshop, car wash, social room, pool table, library, and HEATED underground parking. Prime location: close to shopping, hospital, public transit, banks, restaurants, and walking trails. Fantastic opportunity for someone downsizing, or snow birds who love to escape the cold winters, or for the professional who chooses a carefree lifestyle. Available IMMEDIATELY!
 
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Three of Canada’s top five ‘greenest’ cities are on the Prairies

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New research has revealed Canada’s greenest cities, with Prince Albert coming out on top.

Prince Alberta, third-largest city in Saskatchewan has been named Canada most green city with 28 hectares of parkland per person. | Submitted

A new study claims that three of the top five greenest cities in Canada, by the amount of greenspace per person, are all on the Prairies.

The study by real estate site Calgary.com analyzed parkland data for Canadian cities and scored them based on how much parkland, green area and gardens they have.

The city of Prince Albert, Saskatchewan, population 34,000 (third largest in the province), came in No. 1.

The city has 28.1 hectares of park per 1,000 people, and 20 per cent of the city is made up of parkland, which gives it a ‘Green Score’ of 100 out of 100. It’s built on a transition zone between the aspen parkland and a boreal forest, so the city is embedded in nature, judges noted.

Coming at No. 2 is Edmonton.

It scored 80.26 out of 100 on the Green Score. While it may only have 6.2 hectares of park per 1,000 people and 8 per cent of parkland, the city boasts a whopping 104 community gardens, the most out of any city in the study.

Calgary ranked No. 5, coming in with a green score of 67.67 out of 100. This is due to there being seven hectares of park per 1,000 people in the city, 11 per cent of the city being parkland, and Calgary has 59 community gardens.

The Quebec city of Gatineau is No. 3 on the list, with a green score of 76.98 out of 100.

Toronto was ranked No. 4, receiving a green score of 74.57 out of 100. Parkland makes up 13 per cent of the city and there are 79 community gardens. Due to the city’s larger population, however, there are only 2.7 hectares of park per 1,000 people.

Vancouver cracked the top 10, coming in at No. 9, with a green score of 51.51 out of 100, with 2.1 hectares of parkland for every 1,000 residents.