What's Edmonton's affordability ranking nationally?
Quick Answer
Short answer: Edmonton ranks #1 for housing affordability among Canada's six largest cities.
Detailed Explanation
RBC's Housing Affordability Index shows Edmonton requires 32.1% of median household income for ownership costs (mortgage, taxes, utilities) versus 58.9% in Toronto and 78.2% in Vancouver. Only smaller cities like Saskatoon and Halifax score better.
- Benchmark detached house: $455,200
- Median household income: $89,400 (2024)
- Carrying costs as % of income: detached 32.1%, condo 18.4%
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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