Grande Prairie is a city present in the northwest Alberta, province in Canada in the south region of a territory called Peace River Country. It is present at the exact crossing of Highway 43 which is a part of CANAMEX Corridor and Highway 40 which is the part of Bighorn Highway almost 456 km northwest of Edmonton City.
Families who are very much concerned about their education generally consider this city to settle in. Grande Prairie has 4 district schools and operates 18 high schools. Many wonderful colleges and universities are situated in the city. Life in Grande Prairie is also very affordable. So, if you are planning to shift to Grande Prairie then this would be the best decision of your life.
Market Condition of Grande Prairie
At the end of the 3rd quarter of 2021, months of the inventory for the single detached houses are numbered at 6.5. This value is slightly more than 6.4 months that was recorded at the end of 3rd quarter of 2020.
Number of the months of inventory for the houses is the number of the months it would take to sell out recent inventories at the most current rate of the sales activity. With a more balanced real estate market, houses spent more time on the housing market in the 3rd quarter of 2021 than they had almost a year ago.
The median number of days to sell a housing property on the real estate market for a single detached house was 53 in the 3rd quarter of 2021, slightly up from forty five days in the third quarter of 2020.
Grande Prairie has made a huge jump on the rankings of the best places to live in Canada. This city is considered as the 10th most affordable city to live in Canada, based on the real estate value, home price to income ratio, rent price growth, rent affordability and income.
Condominium range in $100K to $300K
One in 8 households in Canada live in the residential condominium dwellings, most commonly located in the few census metropolitan regions according to the Statistics Canada Condominiums that exhibit throughout Canada, although this type of housing style is most frequently used in the bigger cities.
The condominiums are multi-unit dwellings that can also be found in low-rise, medium-rise, high-rise and townhome designs. You can buy the individual units either for constructing new condos or through the homeowner for resale condominiums.
Grande Prairie offers you a number of condominiums. These are actually the most affordable housing styles in Grande Prairie. One of which is a 2 bed and 2 bath condominium with 1,415 sqft is available for sale at 5028 Venecia Way, Grande Prairie, TX 75052. The cost of this is only $ 290K.
Cheaper one is also available at 574 Avenue J St#A, Grande Prairie, TX 75050. This is a 3 bed and 2 bath condominium. The cost of this condominium is only $199K. This city will offer you a number of wonderful and affordable condominiums.