The County of Newell, and the municipalities within County boundaries, are affordable relative to other communities in southern Alberta. A home in Brooks is 42% cheaper than in Calgary, and roughly 20% cheaper than in Lethbridge and Medicine Hat:
Average Home Resale Price (2007)1
| County of Newell2 |
$495,000 |
| Brooks3 |
$239,000 |
| Bassano |
$215,000 |
| Lethbridge |
$303,000 |
| Medicine Hat |
$292,000 |
| Calgary |
$419,000 |
|
|
Housing Rental
The median monthly payment for a rented dwelling in the County of Newell is $616 (Alberta average - $754)4
1Source: Calgary Real Estate Board
2 (based on Calgary Real Estate Board figures. With limited number of sales (2), figure does not necessarily reflect broader housing market in County of Newell
3 Source: Albertaventure.com, January, 2008
4 Source: Statistics Canada, 2006 |
