Average Cost of a House in Calgary Is More Than Median Income

A recent report reveals that the avg cost of a house in Calgary is 43% higher than the avg household income.
Data from MLS indicates a median household income in Calgary of $95.1K, eligible for a maximum insured purchase price of $385K.However, the avg cost of a house in Calgary is $550.7K, exceeding what the avg household can afford by $165.7K.

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