Amid elevated interest rates and property values, those who are still in the position to purchase real estate seem to be shifting their focus west.The dust has yet to settle from the Bank of Canada’s latest interest rate hike, which
More specifically, Edmonton was the top-searched city in the first six months of 2023, with Calgary trailing closely behind. In 2022, Calgary was the most searched city on Royal LePage’s website, with Edmonton ranking second. Tom Shearer, an Edmonton-based broker and owner of Royal LePage Noralta Real Estate, says that these trends go hand in hand with roaring shelter costs, which are more pronounced in Ontario and BC., the aggregate price of a home in Edmonton came in at $434,400 in Q2-2023. In Calgary, the aggregate price was $643,200. Comparatively, in Toronto and Vancouver, the aggregate prices were $1,222,000 and $1,434,600, respectively, while the national average was $809,200.