Sunday, 13 November 2016
Shocking for Americans to find out that Canadian real estate is really pricey!!
One of the most shocking things Americans find is that Canadian real estate is really pricey. Especially when contrasted with US real estate. The average benchmark home in the Canada is CA$474,000 (US$352,076), while the average home in the US is CA$315,303 (US$234,200). That’s 50% more expensive, for your average home across the country.
If you’re comparing urban areas, that trend is even worse. A home in Toronto will set you back CA$762,975 (US$566,719). In Chicago (a city of comparable size), the average home costs CA$288,646 (US$214,400). That’s a 164%, more than double the cost. Unless you’re from New York City, you’ll almost certainly be paying more for less North of the 49th.