{"id":201775,"date":"2017-05-21T08:14:51","date_gmt":"2017-05-21T11:44:51","guid":{"rendered":"http:\/\/metroactive.org\/wordpress\/?p=201775"},"modified":"2017-05-21T08:14:51","modified_gmt":"2017-05-21T11:44:51","slug":"how-much-house-can-you-buy","status":"publish","type":"post","link":"https:\/\/metroactive.org\/wordpress\/2017\/05\/21\/how-much-house-can-you-buy\/","title":{"rendered":"How Much House Can You Buy?"},"content":{"rendered":"
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By Diane Peters \/ March 2017<\/p>\n

Here\u2019s what $470,661, the average home price today, can get you across the country.<\/p>\n<\/figure>\n

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T<\/span>here\u2019s no question that Canadian housing prices are hot \u2013\u00a0the average price of a detached home has climbed 33.5 percent since September 2011. Yet not all markets are created equal. In some locales, you can get a lot more house for your buck. Curious to see how big, or how small, a place you can get in different cities? We took the national average price of $470,661\u00a0and looked at what kind of home that gets you across the country.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Halifax<\/h3>\n

The biggest city in the Maritimes boasts a great university and a vibrant waterfront. Homes here sell for a reasonable average of just $274,142. Things run pricier in Newfoundland\u2019s St. John\u2019s, at $285,829, but average merely $158,149 in New Brunswick\u2019s biggest city, Saint John.<\/p>\n

For the national average, there are numerous new builds on the edge of Halifax and in its suburbs. This centrally located three-bedroom abode, listed at $472,400, looks staged and spiffy and has both an attached garage and a generous yard.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Montreal<\/h3>\n

Quebec\u2019s biggest city comes with reasonable real estate prices: $360,174, on average. Homes sell for about $100,000 less in nearby Quebec City.<\/p>\n

A sizable Mercier Ouest family home, with five bedrooms and two baths and an ample backyard with a shed, is going for $470,000. It\u2019s a bit of a commute to downtown, but it\u2019s easy to get elsewhere with Highway 25 nearby.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Toronto<\/h3>\n

Ontario\u2019s capital ended 2016 with an average housing price of $730,472. Detached houses were going for well over $1 million, and prices experienced 19.9 percent year-over-year growth. Yikes! Some suburbs offer more affordability, such as Durham Region, where houses run around $570,957. Or go northeast to the nation\u2019s capital: Ottawa homes sell for an average of $388,411.<\/p>\n

Listed at\u00a0$469,900, this three-plus-one-bedroom has three baths and a wee yard to call your own. It\u2019s on the city\u2019s far eastern end, just steps from Highway 401 (convenient, but maybe a bit noisy). Since most city homes in this range are condos, expect this house to sell over asking.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Winnipeg<\/h3>\n

Get a great deal by moving to the Peg, where houses go for an average of $279,651, well below the national average. But with prices rising 8.9 percent since 2015, which is above the national average, houses here could be a good investment.<\/p>\n

This\u00a0four-bedroom, four-bath house in Linden Woods, southwest of downtown Winnipeg, is listed at $469,900 \u2013 right around the national average. Could use a bit of polish, but can\u2019t beat the triple-car garage and huge lot.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Calgary<\/h3>\n

The struggling oil and gas sector is helping affordability in Cowtown. Houses run an average of $480,188, up 6.4 percent over 2015 but with 5.5 percent fewer sales. For even more reasonable home prices, head north to Edmonton and save more than $100,000 on digs.<\/p>\n

For $474,900 you can get a roomy one-and-a-half-storey, decade-old detached house in the Castleridge neighbourhood in the northeast section of town. Three-plus-two bedrooms and it backs onto a park.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Vancouver<\/h3>\n

While prices have been on a downward slide of late due to a new 15-percent foreign-buyer tax, British Columbia\u2019s largest city is still Canada\u2019s priciest, with houses going for an average of $948,246. Coastal Victoria offers better deals, with prices around $585,267.<\/p>\n

This Burnaby three-bedroom townhouse, listed at $479,900, needs work. But since most Vancouver-area homes in this price range are condos (or just don\u2019t exist), it\u2019ll be worth it. Plus, this 1976 build backs onto a ravine.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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*Prices courtesy of crea.ca\/housing-market-stats\/national-average-price-map<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Diane Peters \/ March 2017 Here\u2019s what $470,661, the average home price today, can get you across the country. There\u2019s no question that Canadian housing prices are hot \u2013\u00a0the average price of a detached home has climbed 33.5 percent since September 2011. Yet not all markets are created equal.…<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-201775","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t