Home prices continue to climb in Lethbridge [Video]

LETHBRIDGE, ALTA. –

Lethbridge- The latest monthly report from the Alberta Real Estate Association shows Lethbridge has seen one of the biggest year over year increases in home prices.

Home prices in Lethbridge have jumped 12.6 percent compared to this time last year.

Province-wide that increase is second only to Calgary, which saw its home prices increase by 14.2 percent.

Lethbridge now has the most expensive housing of any mid-sized Alberta city, with an average property costing about $392,000.

“Lethbridge does seem to follow Calgary quite a lot of the time. When there was the great big housing boom that we had in 2007 that followed a really large increase in prices in 2006 in Calgary,” said Jennifer Brodoway, a realtor with Team View Lethbridge.

One of the biggest factors driving home buyers to the Lethbrige is affordable housing.