{"id":829677,"date":"2026-07-27T18:13:11","date_gmt":"2026-07-27T18:13:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/829677\/"},"modified":"2026-07-27T18:13:11","modified_gmt":"2026-07-27T18:13:11","slug":"edmonton-homebuyers-have-a-nearly-two-year-head-start-on-calgary-daily-hive","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/829677\/","title":{"rendered":"Edmonton homebuyers have a nearly two-year head start on Calgary | Daily Hive"},"content":{"rendered":"

While housing in Edmonton remains far more affordable than in Calgary, it\u2019s still taking would-be buyers longer to save for a down payment than it did a few years ago.<\/p>\n

The new data comes from real estate platform Zoocasa, which looked at how long it would take households in Edmonton and Calgary to save for a 20 per cent down payment on a single-detached home, based on local real estate board data.<\/p>\n

And while Edmonton is still the clear winner when it comes to how long buyers would need to save, the timeline is creeping up.<\/p>\n

According to Zoocasa, a household saving 15 per cent of its income would need about six years and four months to save for a 20 per cent down payment in Edmonton in 2026.<\/p>\n

That\u2019s up from five years and eight months in 2023.<\/p>\n

The timeline increased to six years in 2024, and six years and five months in 2025, before dipping slightly this year.<\/p>\n

\"\"<\/p>\n

Zoocasa<\/p>\n

\u201cThat steady, largely uninterrupted rise points to a structural shift rather than a short-term spike,\u201d Zoocasa wrote.<\/p>\n

\"\"<\/p>\n

Zoocasa<\/p>\n

Zoocasa found that Edmonton home prices increased 18.9 per cent between 2023 and 2026, compared with a 9.5 per cent increase in Calgary.<\/p>\n

\u201cWhat\u2019s especially noteworthy is that the more affordable city saw the steeper relative increase.\u201d<\/p>\n

But despite the rising timeline, Edmonton buyers still have a pretty big advantage over prospective Calgarian homebuyers.<\/p>\n

A household needs about eight years and one month to reach a 20 per cent down payment in Calgary in 2026, nearly two years more than in YEG.<\/p>\n

Zoocasa described the two cities as taking very different paths, with Calgary\u2019s timeline spiking sharply in 2024 before correcting, while Edmonton\u2019s has generally continued to stretch.<\/p>\n

\"\"<\/p>\n

Zoocasa<\/p>\n

Zoocasa\u2019s analysis assumes a household saves 15 per cent of its gross family income each year toward a 20 per cent down payment on an average detached home.<\/p>\n

The income figures for 2024 to 2026 are estimates, as income data was only available for 2023.<\/p>\n

You can find the full report on Zoocasa\u2019s website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"While housing in Edmonton remains far more affordable than in Calgary, it\u2019s still taking would-be buyers longer to…\n","protected":false},"author":2,"featured_media":829678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194294],"tags":[49,48,23752],"class_list":["post-829677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-edmonton","tag-ca","tag-canada","tag-edmonton"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=829677"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/829678"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=829677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=829677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=829677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}