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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