Edmonton offers a fairly diverse selection of housing across a decent price range. Although the city is lacking in affordable housing options at the moment, there is still quite a lot out there to choose from that will fit comfortably in most budgets. To top this off, Edmonton property taxes are also quite reasonable.
No Sticker Shock
You would think that the big city would have some fairly jacked-up property taxes but for the most part, everything is on par with the property. It becomes more and more obvious as you circulate out from the city that Edmonton property taxes are amongst the most affordable. St. Albert is notorious for having outrageous property taxes, but then again, the little picturesque town also features obscenely priced real estate in most cases – so it’s not really a surprise. Smaller towns like Morinville, and even as far as Bon Accord, also have fairly expensive property taxes, despite the belief that the further you go from Edmonton, the more affordable things get.
You’ll Be Surprised
Edmonton real estate is actually a lot more affordable than people think. Although you frequently only hear about the big ticket homes and properties, there is a lot of mid-range housing that falls on par with many of the other markets in the country, especially where condos are concerned. Although many are willing to pay the exorbitant cost of living that comes with living in a town like Saint Albert, many more are not. It’s bad enough that you pay half a million dollars for a cookie-cutter home, but then to be slammed with a huge property tax bill afterwards? Ouch! Luckily, Edmonton property taxes don’t have the same effect.
Many people don’t take Edmonton property tax into consideration when purchasing a home, but it is an important thing to think about. Depending on when you buy, you could be facing a property tax bill immediately and its best to be mentally AND financially prepared for that.