Changing views on 'starter homes' in Alberta as buyers take longer-term approach

Most Albertans now view starter homes as long-term investments rather than short-term steps, reflecting changing attitudes amid affordability concerns. First-time buyers, now typically in their mid-30s, face a rental market with incentives encouraging delayed homeownership. Calgary's benchmark home price has dropped to about $566,000, with strong interest in homes under $500,000, though rising prices limit options for many buyers.