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The Demographia International Housing Affordability report has been the gold standard of people looking at the cost of housing all around the world. Their newly released 2024 report uses a formula that divides the Median House Price by the Median Household Income to rank individual cities. This year, Edmonton was pegged as the most affordable housing market across all of Canada's major markets.

With a median multiple of 3.6, Edmonton was pegged as a "moderately unaffordable" market, whereas Calgary's median multiple of 4.6 was deemed "seriously unaffordable".

Being the least unaffordable housing market in Canada, Edmonton is at least two-thrids more affordable than the most unaffordable market (Vancouver). Furthermore, Edmonton was tied with Buffalo NY as the 4th most affordable in the world.

If you would like to discuss this, or have a coy of the report sent to you, please do not hesitate to reach out to our team!