In new evidence that Alberta hosts some of the hottest real estate in the country, Royal LePage sayssky-high prices for Ontario properties
In 2020, Alberta’s capital and its largest city were in the top 20 of searches. By 2021, they were in the top 10. In the first six months of this year, Edmonton was the most searched city in Canada, followed by Calgary. The proportion of searches on the Royal LePage website for properties in Edmonton have quadrupled since before the pandemic. Between January and June of 2023, unique searches for homes in Edmonton reached 2 per cent of total searches, compared with 0.5 per cent in 2019.
“Canadians are grappling with expensive home prices in a high-cost borrowing environment. These challenges are tempting homebuyers to migrate to communities where housing is more affordable,” said Tom Shearer, owner of Royal LePage Noralta Real Estate in Edmonton.