Regina ranked the 2nd most affordable Canadian city for first time homeowners: study
Regina was ranked the second most affordable city for first time homeowners, according to a study conducted by real estate firm Edmonton Homes.
The research compared and ranked the 25 most populated cities in Canada, only St, John’s, N.L. was ranked higher than Regina.
The study compared the percentage of average annual income spent on house prices, property tax and electricity bills.
According to Edmonton Homes, 2.04 per cent of Regina’s $106,340 median salary is spent on electricity bills. The average wage equates to 37.40 per cent of the average house price, the firm said.
The average price of a home in Regina is $284,334, according to Edmonton Homes.
“Tax on properties costing around $500,000 will take 5.05 per cent of homeowners’ median salary,” the firm said.
After comparing salary percentage spent on average housing fees, the percentage of salary spent on property tax for homes that were worth $500,000, and the percentage of salary spent on energy, Regina received a score of 58.8 in the study.
The firm ranked Saskatoon as the third most affordable city in Canada for first time homeowners with a score of 56.1.
Other cities in the top 10 included Edmonton, Winnipeg and Calgary.
CTVNews.ca Top Stories
Ukraine's fight for 'the future of us all,' Trudeau says on surprise trip to Kyiv
Canada will spend $500 million to help Ukraine's military fight Russia's invasion, Prime Minister Justin Trudeau said Saturday in Kyiv, where he told the country's parliament they are in a battle for 'the future of us all.'

Russian cargo plane seized by Canadian government at Toronto Pearson Airport
A Russian-registered cargo aircraft that has been grounded at Toronto Pearson Airport for more than a year was seized by the Canadian government Saturday afternoon and could now be redistributed to Ukraine.
Air Canada passengers frustrated after tech issue delays, cancellations
Last week's technical issues at Air Canada caused delays and cancellations and left hundreds of Canadians stranded and frustrated.
Here's how some of Canada's wildfires compare in size to cities, lakes
Fires across the country are burning millions of hectares of land but what does that really look like? CTVNews.ca compared the blazes to some cities and lakes in the country showing just how big they have gotten.
Public inquiry into foreign interference 'has never been off the table': LeBlanc
Intergovernmental Affairs Minister Dominic LeBlanc says a public inquiry into foreign interference 'has never been off the table,' following the sudden resignation of special rapporteur David Johnston.
Lawmakers shouldn't wait for unmarked graves report to act, Murray says
Ahead of the release of her interim report on progress as Canada's special interlocutor on unmarked graves at former residential schools, Kimberly Murray says lawmakers at all levels of government shouldn’t be waiting for her findings to act.
Man arrested after breaking into Florida theme park, hopping into alligator enclosure and filming video for social media, authorities say
A man is accused of breaking into a Florida theme park, jumping into an alligator enclosure and filming a video for social media – a dangerous stunt that authorities say led to his arrest.
Unhealthy habits of university students could lead to future health problems
A recent study published in the peer-reviewed journal Preventative Medicine Reports by a group of international researchers has found that post-secondary students with unhealthy eating habits can go on to suffer from disease and mental health issues for years to come.
Three people charged in alleged abduction of N.L. teen after Amber Alert issued
Police in Newfoundland and Labrador say three people are facing charges following the alleged abduction of a 14-year-old girl.