Cost of Living
|
|
The purpose of the 2007 Place-to-Place Comparison Survey is to measure and compare price differences in Alberta during a specific point in time. The survey presents findings for 34 Alberta communities and provides a comparison of price levels within these communities to those in Edmonton (i.e. Edmonton =100.0) for a common basket of goods and services consisting of 292 items. 5 Central Region Communities were sampled in the survey: Ponoka, Stettler, Olds, Red Deer, and Rocky Mountain House. These five have been compared to Calgary, Edmonton, Lethbridge, Medicine Hat and Fort McMurray.
Central Alberta residents enjoy a high quality of life and a low cost of living. Central Alberta communities consistently rank lower than Edmonton and Calgary on basic necessities like food, shelter, and non-food items.
|
|
Housing Prices 2001-2007
|
|
Red Deer
|
Edmonton
|
Calgary
|
Wood Buffalo
|
Grande Prairie
|
Lethbridge
|
Medicine Hat
|
|
2001
|
$183,922
|
$188,630
|
$239,437
|
na
|
na
|
$159,660
|
$171,215
|
|
2002
|
$181,618
|
$204,922
|
$242,386
|
na
|
na
|
$162,688
|
$178,474
|
|
2003
|
$196,960
|
$223,507
|
$267,104
|
$313,267
|
$168,550
|
$173,845
|
$199,450
|
|
2004
|
$217,048
|
$242,175
|
$285,243
|
$297,629
|
$187,842
|
$187,963
|
$222,485
|
|
2005
|
$239,337
|
$266,728
|
$315,796
|
$462,451
|
$210,937
|
$215,335
|
$255,256
|
|
2006
|
$257,261
|
$304,894
|
$353,662
|
$517,524
|
$254,350
|
$244,486
|
$263,102
|
|
2007
|
$270,494
|
$338,636
|
$414,066
|
$463,239
|
$264,791
|
$229,646
|
$249,268
|
 Housing Prices 2003 - 2007 Graph
|
Growth in New Home Prices
|
|
City
|
2002-2003
|
2003-2004
|
2004-2005
|
2005-2006
|
2006-2007
|
2002-2007
|
|
Red Deer
|
8.40%
|
10.20%
|
10.30%
|
7.50%
|
5.10%
|
41.50%
|
|
Edmonton
|
9.10%
|
8.40%
|
10.10%
|
14.30%
|
11.10%
|
53.00%
|
|
Calgary
|
10.20%
|
6.80%
|
10.70%
|
12.00%
|
17.10%
|
|
|
|
|
