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August 22, 2014
Numbers don’t lie: Alberta great place to live, stats say
Great article & I can't disagree!
It’s well-known that Alberta is a great place to live, but having the numbers to back up the claim up never hurts. Alberta’s Office of Statistics and Information released some new data Thursday that give a glimpse into what makes this province so special.
Here’s what the numbers tell us:
Don’t live in Alberta yet? You likely will. The province’s population grew 3.5 per cent in 2013, three times the rate of the national average, and is now home to more than four million people.
Where is this population growth coming from? Many new Albertans arrive from Eastern Canada, but the province also absorbs a significant proportion of Canada’s new immigrants. As of 2011, immigrants made up 18.1 per cent of Alberta’s population. Between 2006 and 2011, Alberta became home to 12.4 per cent of newcomers to Canada.
So, why are so many people coming to Alberta? Besides the Rocky Mountains, the golden plains and its thriving capital city, there’s also a good deal of money to be made. Albertans are Canada’s highest average weekly earners, making $158.66 per week more than Newfoundlanders, who come in a distant second. Albertans make an average of $1,108 a week (not including overtime), 22 per cent higher than the national average. And of Alberta’s immigrants, most seem to prefer living in major cities, with more than 50 per cent flocking to Calgary and 35 per cent to Edmonton.
While we’re on the subject of moving, if you’re new to Alberta or planning to relocate, you might be better off heading south to Medicine Hat, where the average monthly rent of a two-bedroom apartment is about $1,300 cheaper per month than similar apartments in Fort McMurray, where the average lease is $2,061. If you prefer the big cities, Edmonton offers a slight discount to renters at $1,180 per month compared with Calgary, where the average two-bedroom apartment rent is $1,267.
If you welcomed a bundle of joy in a pink blanket, she’s more likely to see the turn of the century than babies wrapped in blue. The average life expectancy for baby girls is 84, while baby boys are expected to live closer to 80 years.
And whether you’ve got sons, daughters or both, their prospects for educational success look good. Last year, 75 per cent of students graduated high school within three years, and 82 per cent earned their diploma within five years. Higher rates of high school graduation seem to be the trend. Since 2008, the rates of graduation have increased every year.
More and more Albertans are also pursuing higher education: 62 per cent of Albertans aged 25 to 64 had post-secondary credentials such as degrees, university certificates, college diplomas, trade certificates and apprenticeships, an increase of eight per cent in 10 years.
Albertans may be well off, but an overwhelming majority also give back. Nearly 84 per cent of Albertans said they volunteered last year, particularly in sports and recreational activities. Almost half of Alberta’s volunteers were involved in coaching, officiating or organizing recreational activities, 32 per cent volunteered at places such as food banks, seniors centers and international aid organizations, 18 per cent were active in arts and cultural organizations and 16 per cent gave their time to youth development volunteer work.
August 5, 2014
Housing Prices Begin Seasonal Slide But Rise Over 2013
Edmonton, August 5, 2014: The REALTORS® Association of Edmonton reports that the Single Family Detached (SFD) average price in July was down 2% from June at $426,716 and the All Residential average price was off 2.6% from June at $362,091 in the Edmonton Census Metropolitan Area (CMA). Condo prices were stable month-over-month at $254,654 and duplex/rowhouse average prices rallied with a 5% lift to $360,309.
“Like the shortening summer days and the appearance of fall fashions, real estate prices begin to soften at this time of year,” said REALTORS® Association President Greg Steele. “Despite the seasonal slide, prices in the Edmonton area are still up when compared to the same month last year. The local market continues to be very active and REALTORS® report having a busy month.”
Year-over-year, the average SFD price was up 3.9% compared to July 2013 and the All Residential average price was up 3.3%. Average condo prices were up 4.6% from a year ago and duplex/rowhouses were up 9.2%.
Residential sales were up year-over-year from 1,835 in July 2013 to 2,013 (up 9.7%) with SFD sales (1,179) up compared to the same month last year by 4.8%. Condo sales of 639 units were up 15.4% and duplex/row house sales were up 27.7% compared to July 2013. Current month sales are adjusted to account for late reported sales.
“The demand for real estate remains strong and in line with other market fundamentals,” said Steele. “Fortunately, year-to-date listings are also up compared to last year and there is adequate supply with over 5,600 residential properties in inventory.”
The average days-on-market was up slightly to 46 days in July as compared to 41 days in June. The sales-to-listing ratio was 69%: slower than the 75% last July.
REALTORS® represent buyers and sellers of residential, commercial and industrial property throughout the greater Edmonton region and from Cold Lake to Drayton Valley, from Westlock to Wetaskiwin. There are just over 3,200 REALTOR® members of the association serving over 40,000 clients a year.
Highlights of MLS® System activity (for all-residential sales in Edmonton CMA1)
||M/M % Change
||Y/Y % Change
|SFD2 average3 selling price – month
|SFD median4 selling price – month
|Condominium average selling price
|Condominium median selling price
|All-residential5 average selling price
|All-residential median selling price
|# residential listings this month
|# residential sales this month (reported)
|# residential inventory at month end
|# Total6 MLS® System sales this month
|$ Total value MLS® System residential sales - month
|$ Total value MLS® System sales – month
|$ Total value MLS® System sales – YTD
1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales