A new report from Zoocasa has shed light on how long renters in Calgary would need to save up to reach the minimum down payment on a house.

Calgary’s average rent price is among the lowest in the country . The Canadian national average is around $2,121, while here in Calgary, the average rent for a one-bedroom unit is just $1,689.

If Calgarians saved their full $1,689 rent each month, reaching a down payment for a house could happen faster than expected.

For a condo with a minimum down payment of $16,480, it would take just 10 months to save. For a detached home, where the minimum down payment is $51,180, the saving timeline stretches to about two years and six months.

For detached homes, the timeline to save depends on which district of Calgary you would like to buy in. In East Calg

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