WATCH ABOVE: What does $450,000 worth of real estate look like in Canada?
TORONTO — The average house price in Canada in June was $453,560. The data, compiled by the Canadian Real Estate Association, showed sale prices up 9.6 per cent year-over-year from June 2014. But what that money will net you in Yellowknife is quite different than in Vancouver.
The figure is greatly skewed by the red-hot housing markets of the greater Vancouver and Toronto areas, where spending over a million dollars on a home is no sweat. Take those regions out of the equation and the average drops to $346,904, with a year-over-year gain of 3.1 per cent.
Here’s an entirely unofficial look at what roughly $450,000 will buy you in different parts of the country.
Starting up north, where the average house price in June 2015 was $449,567, winters are long but lots are large. This Yellowknife home listed for $459,000 features three bedrooms and one-and-a-half bathrooms. The kitchen boasts granite counters and stainless steel appliances. The sprawling backyard has a large deck, a firepit and appears to back onto a wooded greenspace.
This $458,000 condo in Vancouver is a one bedroom, one bath unit with a balcony and a great view. The building has a pool and a gym and is close to BC Place. The average home price in B.C. in June of 2015 was highest across the board at $631,962.
The average home price in June of 2015 was $403,087 in Alberta, down from an average of $407,166 a year before. This Calgary townhouse is the priciest on our list, at $469,900. The Altadore-River Park home boasts a deck shaded by mature trees. The two-level home has an open floorplan with a modern kitchen on the first floor, three bedrooms and two bathrooms.
Listed at $459,900, this unit in the Côte-des-Neiges neighbourhood of Montreal has three bedrooms, a renovated bathroom, and tons of character. Located on the second floor of a large home, it has two balconies and one parking spot in a garage. The average house price in Quebec in June of 2015 was $278,567.
At $459,900 this St. John’s home has a hot tub out back and an income suite in the lower level. In total the home has four bedrooms and four bathrooms over more than 2,600 square feet of space. The average home price in Newfoundland and Labrador in June of 2015 was $280,605
Detached houses in Toronto, on average, top the $1 million mark. It’s condo living if you want to be downtown for $456,900 — that’s the cost for this one bedroom plus den a stone’s throw from the Rogers Centre and the CN Tower. The light-filled unit has a massive balcony but does not include parking.
© 2015 Shaw Media