Are you getting tired of B.C.’s too-hot real estate market?
According to a report from Point2Homes released Wednesday, Vancouver buyers get the least bang for their buck of all cities in the country.
In the West Coast city, $500,000 gets you a one bed, one bath 553 sq. ft. townhouse just a few blocks up from East Hastings Street
That’s compared to a five bed, three bath, 1,351 sq. ft. mansion in Saskatoon for $500,000, which comes with all-new stainless steel appliances featuring “a covered deck with glass railing, a patio, as well as a private garden.”
Gorgeous modified bi-level in Saskatoon. (Point2Homes) |
In Canada’s capital, half a million will get you a four bed, four bath home on a 0.09 acre lot which includes a private garden surrounded by fruit trees, shrubs and perennial, just in case you want to throw a barbecue in your mansion.
Sun-filled Ottawa home with four bedrooms and four full bathrooms. (Point2Homes) |
But it’s not all bad in the Lower Mainland. In Surrey, the same amount gets you a 1,440 sq. ft., three bed, two bath house on a 0.13 acre lot.
Three bedroom home in Surrey.(WestCoast Realty) |
In Toronto, $500,000 scores you a 670 sq. ft. one bed and one bath townhouse featuring “breathtaking sunsets and sunrises over the lake and gorgeous city views.”
A stunning renovated townhouse on Lake Ontario (Point2Homes) |
What if you want more than one house? Well, head over to Fredericton where a half million dollars will buy you of two attached houses featuring six beds, two baths on a 0.24 acre lot.
Beautiful century-old home located on one of the most desired avenues in Fredericton right across from Wilmot Park. (Point2Homes) |
READ MORE: Young professionals leaving Vancouver over high cost of housing
READ MORE: B.C. real estate board urges feds to revisit mortgage stress test
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