LETHBRIDGE, AB – Did you know that the average real estate listing in Greater Vancouver was more than three times what you would pay in Lethbridge?
The Canadian Real Estate Association (CREA) has updated its stats for July 2020, which includes the ability to compare home prices across the country.
LNN looked at 20 Canadian communities to see how they compared, as well as how each province stacked up against each other.
Perhaps to the surprise of few, homes cost more in Greater Vancouver than anywhere else in the country, going on average for $1,031,400. This marks an increase of 4.5 per cent from the same time last year.
On the opposite end of the spectrum is Trois-Rivières, Quebec, where you can buy a house for just $192,069.
Of the 20 cities we compared, Lethbridge ranked at number 12 with average residential properties going for $272,200. This is a decrease of 0.4 per cent from July 2019.
The only three places in Alberta that were available on the CREA website were Lethbridge, Calgary, and Edmonton. Homes in Edmonton were just slightly more expensive than Lethbridge at $319,000 while Calgary’s homes list for $411,200.
While Alberta ($401,100) was the fourth most expensive province/territory when it comes to real estate, there is still a significant difference between it and the top two – B.C. ($768,061) and Ontario ($704,985).
New Brunswick was the most affordable province with an average of just $203,173.
Information for Nunavut was not available.