The Canadian province of Alberta, which contains Calgary and Edmonton, is the most affordable region based on house price inflation between 2006 and 2024.
Over that period prices have only risen by 19% including inflation, analysis of data by the Canadian Real Estate Association by real estate firm calgaryhomes.ca has found.
It costs an average of CA$509,000 (£283,00) to buy in Alberta, up from CA$290,000 (£161,000) in 2006.
In contrast, Ontario, containing Ontario and Ottawa, is Canada’s most expensive province, where prices have risen by 203% excluding inflation between 2006 and 2024.
Prices in the province average at an eye-watering CA$869,000 (£482,000), up from CA$286,000 (£159,000) in 2006.
A spokesperson for calgaryhomes.ca said: “Alberta has been identified as the top province for prospective homeowners. From 2006 to 2024, Alberta recorded the most modest increase in average property prices, rising at a rate 63% slower than Ontario, the province with the highest price growth.
“This data can help aspiring homebuyers to make informed decisions about where to establish roots and embrace the exceptional quality of life that Canada offers.”
Newfoundland and Labrador is Canada’s second most affordable province for prospective homebuyers.
The average price of composite homes—which include everything from single-family homes to townhouses—increased from CA$137,000 (£76,000) to CA$292,000 (£162,000).
When taking inflation into account this represents a 43% rise.
In third place, with an average price increase of CA$171,000 (£95,000), is New Brunswick. The average cost to buy a composite home rose from CA$130,000 (£72,000) to CA$300,000 (£167,000) from 2006 to 2024, a 57% increase including inflation.
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