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Business & Economics

Calgary's resale homes market remains affordable despite rising prices

calgaryherald
Summary
Nutrition label

71% Informative

A new study suggests Calgary 's housing market remains comparatively affordable, especially when accounting for median income.

The study compared annual median income with the income required to qualify for a mortgage for the average price of a home in six major Canadian cities at the end of 2024 .

In Calgary , median income was $ 147,643 , or about $18,600 more than required.

VR Score

83

Informative language

87

Neutral language

48

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1