HALIFAX
“The average sale price in Halifax is around $260,000, although you can spend $685,000 in a higher end downtown market.” — Paula Langille, Royal Lepage Atlantic
- < $300,000 – Between $150,000 and $220,000 will get you a semi-detached house or condo.
- $300,000 – $400,000 – This category, in general, is second homebuyers moving up into the next price bracket — and a larger house.
- > $400,000 – Bedford, Eaglewood, Shore Drive and the Ravines neighbourhoods are all in the $600,000 plus area.
TORONTO
“You can still find properties in Toronto under $300K, but you really have to do your homework.” — Shana Bahrami, Right at Home Realty Inc.
- < $300,000 – A two-bedroom bungalow on a 22×169-foot lot in the Dufferin and Eglinton area is listed at $239,900.
- $300,000 – $400,000 – There are lots of condos in this price range around the city including a bright, midtown one-bedroom plus den listed at $374,900.
- > $400,000 – Older, established neighbourhoods like The Bridle Path, Forest Hill and Rosedale always increase in value with prices in the millions of dollars.
OTTAWA
“Prices here go up steadily. The stats say between five and six per cent on average per year.” — Lu Korte, Royal LePage
- < $300,000 – You can buy a cosy, three-bedroom home in the desirable Briarbrook/Morgan’s Grant area for $274,900.
- $300,000 – $400,000 – A semi-detached home in Ottawa’s Bridlewood area has three bedrooms, three baths and an asking price of $339,900.
- > $400,000 – A three-storey, 3,600-square-foot home with finished basement, five bedrooms, four baths and pool in Stittsville, a suburb of Ottawa, has an asking price of $649,900.
VANCOUVER
“We’re in a buyer’s market for sure.” — Ryan DeLuca, Sotheby’s International Realty.
- < $300,000 – You could get a studio in the city or an older one-bedroom condo that’s going to require some significant renovations; you could also get a townhouse in the suburbs.
- $300,000 – $400,000 – You’re looking at a small, one-bedroom condo in downtown Vancouver. You could get a larger space just outside the city on the east side of downtown, which is becoming a more artsy, trendy area.
- > $400,000 – A detached home in Vancouver will cost more than $500,000.
WINNIPEG
- < $300,000 – A little, two-bedroom bungalow on Arlington Street in Winnipeg has 792 square feet and is priced at $89,999.
- $300,000 – $400,000 – A nice condo on Wellington Crescent has two bedrooms, two bathrooms — and 1,569 square feet.
- > $400,000 – A four-bedroom house is listed at $949,500 at 238 Portsmouth Blvd., with 3,400 square feet set on a 98×280-foot lot.
CALGARY
- < $300,000 – There are new highrise condos in the downtown starting from $190,000 and townhomes in suburban areas from $275,000.
- $300,000 – $400,000 – A budget of more than $350,000 can open the door to a starter home in the suburbs.
- > $400,000 – For $599,900, you could get a riverfront condo in SE Calgary.
EDMONTON
- <$300,000 – A middle-of-the-road condo or a 1,200-square-foot townhouse.
- $300,000 – $400,000 – An average bungalow in an older established neighbourhood such as Kildare, Goldbar or Greenfield.
- >$400,000 – Up to $500,000 is taking you into an average newer detached home. In condos, you will get just about anything you want.
LONDON
- < $300,000 – A 2,100-square-foot penthouse condo has an asking price of $299,900.
- $300,000 – $400,000 – A spacious home with three bedrooms, three bathrooms and an asking price of $354,500.
- > $400,000 – At the high end, a four-bedroom, four-bath home in London is priced at $774,000
