#HousingMarket; #FortMcMurray, #Alberta; World'sCheapestHomes
Alberta, Jan 24 (Canadian-Media): After facing market struggles since a severe wildfire in 2016, the so-called home of the oil sands, the Canadian city Fort McMurray, Alberta, has the most affordable housing market in the world, media reports said.
Real Estate Global Market. Image credit: Twitter handle
The cost of a median-priced home at present is 1.8 times the median income, according to the 2020 edition of Demographia’s annual survey, up from fourth place last year.
The fluctuations in Canada's housing market is revealed by Vancouver in British Columbia having the the second least affordable global housing market.