What kind of home does the 'benchmark price' buy in Canadian cities? yyc
“Edmonton’s benchmark, in contrast, has always been lower by about 20 per cent or more than Calgary’s,” says Corinne Lyall, broker/owner with Royal LePage Benchmark in Calgary.
As well, Calgary’s median income is higher due to its larger share of corporate headquarters, particularly for oil and gas companies. Still, incomes are similar. Alberta government statistics show the median household income in Edmonton was about $112,000 in 2020, the latest data available. In Calgary, the median income was about $118,000.
Of course, all of these dollar figures beg the question, just what kind of home does the benchmark price buy in these cities?Article content
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘People are in dire situations’: Calgary mayor eyes energy bill fees - Calgary | Globalnews.ca“The model the City of Calgary currently uses to set local access fees may not be the most appropriate one in this volatile energy environment,' said Gondek. yyc
Read more »
‘Be a Budd’: Calgary goalie steps up for adaptive hockey program - Calgary | Globalnews.caLast season, Budd raised $5,000 to help send young people with physical and cognitive challenges to a SuperHEROS hockey tournament in Ontario. Now, he's upping the ante.
Read more »
New ‘Ride Ready Stations’ teach Calgary bus riders how to use bike racks - Calgary | Globalnews.caCalgary Transit has announced the launch of Ride Ready Stations aimed at empowering commuters to confidently use bike racks on buses.
Read more »
As values slide, Brookfield Asset Management plans to boost commercial real estate investmentThe company hopes to capitalize on plunging commercial real estate valuations forecast
Read more »
Slump in Building Permits Signals Decline in Real Estate LandscapeThe value of building permits for single-family homes has fallen by 35% in June, indicating a prolonged slump in the real estate market. This decline marks a shift that began after the Great Recession, with multifamily housing starts now outnumbering detached homes. The trajectory for single-family homes is unlikely to reverse.
Read more »
Skyrocketing Electricity Costs Burden Businesses in CalgaryThe Calgary Chamber of Commerce CEO describes the rising electricity costs as 'like death by a thousand cuts' for businesses. The costs in Calgary are significantly higher compared to other cities in Alberta. Homeowners in Calgary are expected to pay an average of $261 this year, while the costs in Lethbridge, Edmonton, and Red Deer are $140, $79, and $78 respectively. Large commercial users in Calgary will exceed $100,000, while in Edmonton, Lethbridge, and Red Deer, the costs are $34,000, $34,000, and $24,000 respectively. Local access fee charges for homeowners have increased by more than two-and-a-half times since 2018. Last year, the city collected $225.8 million in local access fees, surpassing budget estimates by $98 million. Efforts to address the issue are being applauded by community organizations.
Read more »