Edmonton's Affordable Home Market

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How much home can you buy for $500,000?

Summary

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67% Informative

$ 500,000 for a new-built home in Edmonton appears to be the new benchmark for those interested in an entry-level home.

That figure was chosen as the benchmark as rising costs have made it increasingly difficult for homebuyers to acquire a new single-detached house at $ 400,000 .

As housing costs continue to rise, builders are looking at ways to keep the costs down.

Edmonton is limiting supply in the fastest-growing area of the city, says BILD Edmonton Metro .

The city has said it wants to restrict urban sprawl and is looking to substantial completion.

Edmonton is the only city of over a million people where you can buy a new build of reasonable size for $ 500,000 .

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formal

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English

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