Last Updated on October 24, 2023 by Ephraim Vecina
Calgary’s Northeast areas situated in close proximity to the CTrain line offer some of the city’s most affordable real estate, according to a fresh analysis by Zoocasa.
In particular, detached residences near Rundle Station are among the market’s homes with the best value for money, posting an average home price of $248,750.
Other highly-rated affordability destinations for detached housing are locations near Franklin (with an average of $285,750) and Marlborough ($295,667) Stations.
As for other housing types, those who prefer apartments should look at properties near Somerset-Bridlewood (with an average unit price of $199,214), as well as those near the Crowfoot ($206,125), Anderson ($210,639), Sunalta ($210,971), and 5 – 39 Avenue ($217,000) stations.
The Zoocasa results dovetailed with the recent findings of a survey by Genworth Canada (in collaboration with Royal LePage). The study indicated that public transport nodes like railroads and highways were a large influence in Canadians’ housing purchase decisions.
Genworth found that 42% of households in Calgary selected their homes on the basis of the location having a similar work commute time for both spouses/partners, with transport accessibility playing a central role. To compare, the national average stood at at 36%.
Home-work distance was also found to be a crucial element in nearly half (48%) of respondents, who admitted that they would rather have smaller homes if this means that their workplaces are more accessible.
Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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