Thursday, September 24, 2009

Canadian Real Estate A World 'Bargain': Survey

Vancouver is home to the most expensive 4-bedroom, single-family homes in Canada with an average price of $1.26 million, says Coldwell Banker. (Canadian Press)

From The CBC:

Real estate in Canada is a relative bargain compared to homes in many other parts of the world, according to a global price survey by Coldwell Banker.

The survey also found typical executive homes were still affordable in many Canadian cities.

The real estate firm looks at the average price for a 2,200 square-foot, single-family home with about four bedrooms and 2½ baths — what it calls an "aspirational" home. This is the type of home that middle-management corporate transferees and move-up buyers typically look for, it said.

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