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Moved to Edmonton late 2022. I was lucky to nab this place that's a modern 3 story rowhouse owned by the city that's a 5 minute walk from an LRT station, and directly adjacent to a huge rec center and a huge mall. It's mixed market housing, which means there's middle income earners living here temporarily to save for a home or repair their credit or whatever and people who are closer to the margins and what most would consider 'poor' and everyone in between. Overall, great group of neighbors, and it's a great place to live. We pay $1375 and our water and waste bill is rolled in so it's fairly affordable.
Recently, we were served this notice. Apparently City of Edmonton has pegged affordable housing levels to 15% net household income or less. So anyone living in my apartment whose household income level exceeds that will qualify for the subsidy. I submitted my documents last weekend and the subsidy was approved today, which means in January I will be paying $220 less than I did today.
Miracles do happen in Edmonton I guess.
A dear friend of mine works there (he helped me find our place) and says that it's part homelessness reduction metrics the city governnent has studied and is trying to hit. Basically lower housing costs means very few evictions due to nonpayment, and an easier path towards long term stability for people who are tenuously housed or homeless, equals less financial strain on the state overall and a healthier community. Also, if they as an entity buy a lot of the rental housing stock in the area (City of Edmonton is aiming to own 25% or more of purpose built rentals by 2030 apparently) it will cool the real estate market overall, ensuring long term affordability.
It's 15% net income per 2022 notice of assessment from the CRA.
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Having lived in multiple Canadian cities/provinces (and just seeing the situation elsewhere from a distance), Edmonton has an excellent housing market. Not only is it very affordable for a metropolitan area, but there's a LOT of variety in types of housing available, high vacancy rates, and overall the standard for quality is pretty good. A lot of housing here was built in the 80s/90s and the construction and urban planning is pretty solid and well thought out.
City council is also pretty progressive- their affordable housing guidelines are far more realistic than the 30-33% of household income that most cities cite as being affordable. Not only that but they are actively purchasing and constructing municipally owned purpose built rental housing to offer more affordable housing options to residents.