Look Who it Was Random video

Calgary is Canadas Last Affordable city in 2017! Looking for an Affordable Home?

638 views · Published 3 April 2017 · 4:34 · Indexed 8 November 2026

Channel: Mike Martins · 2017 · News & Politics

Watch on YouTube

“The city is up-and-coming and I think it's gonna be a big boom.” — Mike Martins

If you're looking to buy a home in Canada but you've been completely priced out of places like Vancouver and Toronto, you might want to start looking at Calgary, Alberta.
I came across a really interesting article today discussing an RBC report on housing affordability, and Calgary is standing out as one of Canada's major cities where buying a home may still be within reach for the average working family.
According to the numbers discussed in the article, the median Calgary home price is sitting around $478,000, while RBC's affordability measure is approximately 33.8%. That's below Calgary's long-term average of around 40.3%.
Canada as a whole is sitting around 44.2%, although Vancouver's extreme housing costs are helping push that national number higher.
Now Calgary has obviously been through some difficult times. Alberta has been dealing with the downturn in oil, job losses and economic uncertainty. But there are now signs that things could be starting to turn around.
The article points to increases in wholesale and retail sales, some employment gains, stabilization in housing resale activity, improving oil prices and the approval of the Trans Mountain pipeline. RBC is forecasting Alberta GDP growth of approximately 2.1% in 2017 and 3.3% in 2018.
That makes Calgary very interesting to me.
I've been to Calgary several times and I really like the city. It's beautiful, you've got an incredible skyline, the Rockies aren't far away, and once you get east of the mountains you've got enormous amounts of land.
Compare that with what's happening in Vancouver.
A lot of Canadian proper are getting tired of renting and getting nowhere. They're working, paying their bills and doing everything they're supposed to do, but home ownership keeps moving farther out of reach.
That's one of the reasons I left Vancouver.
I didn't want to rent for the rest of my life. I wanted to own a big house, put down roots and have somewhere for my family to grow. So I moved about two hours outside the city, and I've been documenting the whole thing in my Living the Dream series.
Maybe more Canadians need to start looking outside Vancouver and Toronto.
And right now, based on what we're seeing in this report, Calgary might deserve a serious look.
If you're living in Calgary right now, comment below. What's actually happening there? Are jobs coming back? What are houses selling for in your area? Is Calgary really still affordable?
I'd especially like to hear from people actually living in Alberta.

#calgary  #calgaryhousing  #calgaryrealestate  #alberta  #albertarealestate  #canadahousing  #canadianrealestate  #housingmarket  #housingaffordability  #affordablehousing  #homeownership  #vancouverhousing  #torontohousing  #vancouverrealestate  #torontorealestate  #livingthedream  #TrendsInTheHousingMarket #mikemartins

More from this channel