Century 21 released its annual Price Per Square Foot Survey, analyzing the price per square foot of properties in nearly 50 communities between January 1 and June 30 of this year.
The report found that prices in Ontario, BC and Atlantic Canada were primarily stable, while markets including Edmonton and Calgary saw significant price increases.
Rental room sales in Alberta's major cities rose 17% in Calgary and nearly 10% in Edmonton, while major cities outside of Alberta declined (1.7% in Vancouver and 4.5% in Toronto). But despite the increase, Canada's
Edmonton remains one of the most affordable places to buy property in the real estate sector, for a condo in Alberta's capital city.
$224 per square foot.
The price of a townhouse in Red Deer is $222 per square foot.
Vancouver has the highest property market prices in Canada, while the Prairies and Atlantic Canada are among the top 10 most affordable locations.