Red Deer among Canada’s most affordable cities

Red Deer among Canada’s most affordable cities

Red Deer’s reputation as one of Canada’s most affordable cities remains undimmed. A Royal LePage report released this week ranks Red Deer fourth on a list of Canada’s 15 most affordable cities. Using an aggregate home price of $447,200 – essentially an average price based on number of homes sold – means just under 25 per cent of Red Deerians median household income would be needed to cover monthly mortgage payments of $2,008. Lethbridge heads th…