Dwelling Value and Major Payments
In 2006, senior homeowners believed that they would receive, on average, $249,681 if their dwelling were to be sold. This was up from $140,413 in 2001. The increase in estimated value reflects the escalation in housing prices experienced across Alberta during this period.
The average major monthly payment for seniors living in owner-occupied private non-farm, non-reserve seniors' dwellings in 2006 was $590.6 The gross rent of seniors in tenant-occupied private non-farm, non-reserve senior dwellings was $749 per month; more than $150 higher than the average owner-occupied payment. 7
6 Owner'smajor payments include payments for electricity, oil, gas, coal, wood or other fuels, water and other municipal services, monthly mortgage payments, property taxes and condominium fees.
7 Gross rent for tenant occupied dwellings includes payments for fuel, water and other municipal services, and monthly cash rent.
