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36
Triple M Homes has grown their employee base by 36% since 2011

The U of L Campus spans more than 500 acres and is nestled on the banks of the Old Man River.

 Home Livability Housing
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Housing

Whether you prefer to own your own home, enjoy the flexibility of a condo or desire the independence of renting a town home or apartment, Lethbridge offers a broad selection of home options to choose from. The average home prices in Lethbridge are among the lowest of all the major cities in Western Canada and according to the Canadian Mortgage and Housing Corporation’s Housing Market Outlook Q1, 2014 this trend is expected to continue through to 2015. There are numerous neighborhoods throughout the city and a multitude of neighboring communities in the surrounding Lethbridge County which cater to every lifestyle.  In Lethbridge, there are a range of housing densities available ranging from historical properties and upscale condominiums to stylish duplexes and town houses, with numerous alternatives available in both the new and resale home market.  

The selection and outstanding value of housing in Lethbridge definitely adds to the appeal of the city. You will find new designs in exclusive neighbourhoods including SunRidge, the first “Built-Green” community in Canada, as well as affordable starter homes in every corner of the city.

Newer subdivisions and more mature neighbourhoods offer safe and comfortable surroundings close to all amenities and ideal for families of every size. In fact, Lethbridge's London Road Neighbourhood is among the 12 Best Old House Neighbourhoods in Canada according to This Old House magazine 2011.

If you are seeking a low maintenance option, there are a number maintenance-free developments suitable for those preferring an adults-only environment.

Public transit is provided to residential areas by the Lethbridge’s transit department, LA Transit. These are just a few of the things that contribute to the quality of life and lower cost of living that Lethbridge residents enjoy.

Average Home Price Comparison
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Notes

Resale home prices encompass all residential units.
*Red Deer is classified as Central Alberta by the Canadian Real Estate Association.

Sources

Canadian Mortgage and Housing Corporation, May 2014
Canadian Real Estate Association, May 2014

Housing Affordability Comparison
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Sources

Residential Property Tax and Utility Rates Survey, City of Edmonton 2010 2012 Average Home Price, Canadian Real Estate Association

New Housing Affordability Comparison
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Notes


Sources

Residential Property Tax and Utility Rates Survey, City of Edmonton 2010
2012 Average New Home Price, CMHC

Average Rental Cost & Vacancy Rate Comparative
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Figure N.3.a
Average Rental Cost & Vacancy Rate Comparative
Alberta Large to Mid-Sized Cities
City Average Monthly Rent 2013 Vacancy Rate 2013 Average Monthly Rent 2012 Vacancy Rate 2012
Medicine Hat $695 3.9% $672 5.0%
Lethbridge $815 4.8% $821 8.8%
Red Deer $876 1.9% $804 1.2%
Edmonton $1,028 1.4% $965 1.7%
Grande Prairie $1,063 1.3% $948 1.8%
Calgary $1,118 1.0% $1,039 1.3%
Fort McMurray $2,046 5.4% $1,890 5.6%

Notes

Denotes the Census Agglomeration Area of Wood Buffalo.

Sources

CMHC, Fall Rental Market Report, Alberta Highlights, 2012 & 2013 Edition

For more information on housing in Lethbridge, please contact:


Economic Development Lethbridge
308 Stafford Drive South
Lethbridge, Alberta, Canada   T1J 2L1

Phone: (403) 331-0022
Fax: (403) 331-0202
Toll Free: 1-800-332-1801

E-Mail: info@chooselethbridge.ca

Investment Inquiries Contact:
Heather McIntosh-Rivera, Director
Business Development & Operations

Phone: (403) 331-0022
E-Mail: heather@chooselethbridge.ca

Convention & Events Contact:
Kerry Lowe, Vice President
Convention Development & Partnerships

Phone: (403) 331-0022
E-Mail: kerry@chooselethbridge.ca

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