In this age of skyrocketing home prices, Medicine Hat offers incredible value.
According to the Alberta Real Estate Association, the average price of a house in Medicine Hat is $302,720, which gets you a 3-bedroom, 2-bathroom home almost anywhere in the city. The same investment in Calgary gets you a 2-bedroom, 1-bathroom apartment or townhouse in select areas of town. That’s because the average home price in Calgary is $458,000.
Rental rates are below those of other jurisdictions as well. According to the Canadian Mortgage and Housing Corporation, three-bedroom houses in Medicine Hat average $809. The next lowest of Alberta’s cities is Lethbridge and Red Deer at $1,034.
Housing is just one factor to take into consideration. There’s also property taxes, day care, and commute times to think about. When you add it all up, an investment in Medicine Hat provides you more time and money for your dollar.
You can find more information on Medicine Hat’s housing rates and related costs through Medicine Hat’s Vital Signs report.