Grande Prairie
Grande Prairie is a city in Canada, located in the province of Alberta. It is located about 456 kilometers northwest of Edmonton city. This city has taken its name from a large prairie that is present to the east, west, and north of it. Grande Prairie is the transportation and business center of the Peace River of Alberta.
According to a recent report, Grande Prairie has the third most affordable housing market in Alberta. The monthly cost of a single person is just $1000. This Canadian city is 20.88 percent less expensive than New York City. It is one of the best places to live and settle in. So if you are planning on moving abroad then Grande Prairie would be your best choice.
Market Condition of Grande Prairie
Grande Prairie is recently thinking of starting a new Affordable Housing Strategy. This plan will be similar to the Affordable Housing master plan from 2011-2021. This plan must be updated so that current conditions in the market can be reflected and advantages from new opportunities can be taken like funding from the Nation Housing Society.
The core house needs that are created by Canadian Mortgage and housing corporation and Statistics Canada is used to measure the housing. Three main factors are considered by this.
- Adequacy: Do any major repairs are required by dwellings?
- Suitability: Number of beds for people enough or not?
- Affordability: cost of housing is less than 30 percent of the total household income.
Is the housing market of Grande Prairie affordable?
According to recent Grande Prairie statistics, the average household price in the city is quite affordable. It is $ 337961. As of last month, the city has 123 new listings. Only 50 days are required by the city to sell a housing property on the market.
The average sold price is $338. This is a good selling price as compared to many other Canadian cities. From the last month, Grande Prairie has sold out almost 75 of its housing properties. The selling to listing ratio of Grande Prairie is 98 percent.
Houses range in $100k to $300k:
If you love to live in different styles of houses then you must consider Grande Prairie. This city offers you a number of different construction styles like condos, single-family attached and detached houses, townhomes, and many more. Total 264 homes are available for sale in Grande Prairie. Out of these, there are 30 semi-detached homes, 24 townhomes, and 54 apartments.
The most amazing thing is that you can buy a house in the range of $100 to $300K. A two-bed and two-bath house is available for sale at 9614 126 Avenue N, Grande Prairie, AB. The cost of this house is just $280,000. A house at even cheaper rates is available at $212,000. This house has 2 beds and 1 bath. You can find this kind of house at 9511 103 Avenue, Grande Prairie, AB. These kinds of houses are considered best for a single-family as they are affordable and have a good coverage area.
