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
Work stoppage possible as WestJet issues lockout notice to maintenance engineers' union
A lockout notice issued by WestJet to a union representing aircraft maintenance engineers could result in a work stoppage next week.
'I just can't believe that it took so long': Body found in wreckage 3 months after deadly fire
A man accused of arson in a January Old Strathcona apartment fire is expected to be charged with manslaughter after a body was discovered in the burned building late last month.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
BREAKING London Drugs begins 'gradual reopening' on 7th day after cyberattack
Almost a week after all London Drugs stores across Western Canada abruptly closed amid a cyberattack, they began a "gradual reopening" on Saturday.
Quebec police hand out hundreds of tickets to Hells Angels and other bikers before 'first run' meeting
Quebec provincial police handed out hundreds of fines to Hells Angels members and other supporting motorcycle clubs who met for their 'first run' in a small town near Sherbrooke, Que.
Auston Matthews skates ahead of Game 7, status unclear with season on the line
Auston Matthews was back on the ice with his teammates Saturday.
Russia puts Ukrainian President Zelenskyy on its wanted list
Russia has put Ukrainian President Volodymyr Zelenskyy on its wanted list, Russian state media reported Saturday, citing the interior ministry’s database.
Snakes almost on a plane: U.S. TSA discovers a bag with small snakes in passenger's pants
According to an X post by the Transportation Security Administration, officers at the Miami International Airport found the small bag of snakes hidden in a passenger's trousers on April 26 at a checkpoint.