What $300,000 buys you in Canada

Square-footage costs help illustrate the difference in home prices in 30 Canadian cities

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Location or space? What are you willing to pay for?

A new infographic based on analysis from Point2homes.com offers a great visual snapshot of the trade-off between space—typically found in less urban areas—versus location (typically the denser, more urban spots).

The result is a visual representation of how much space $300,000 would buy you across 30 Canadian cities.

For instance, you could purchase a 339-square-foot condo in Vancouver or opt for a 1,210-square-foot place in Abbotsford, a city just 90 minutes southeast of Vancouver. In Ontario, you can get a 520-square-foot condo in Toronto or almost double your space (at 1,008-square-feet) by moving east to Hamilton, Ont.

No one will be surprised that Vancouver and Toronto are two of the five most expensive cities, when it comes to square-foot costs, but rounding out the top five is Richmond, B.C. as well as two Ontario cities: Richmond Hill and Oakville.

The complete square footage breakdown is, as follows:

B.C.

Abbotsford: 1,210-square-feet
Surrey: 765-square-feet
Coquitlam: 661-square-feet
Burnaby: 489-square-feet
Richmond: 442-square-feet
Vancouver: 339-square-feet

Alberta

Edmonton: 1,176-square-feet
Calgary: 926-square-feet

Saskatchewan

Regina: 1,167-square-feet
Saskatoon: 1,071-square-feet

Manitoba

Winnipeg: 1,277-square-feet

Ontario

Windsor: 1,435-square-feet
London: 1,339-square-feet
St. Catharines: 1,316-square-feet
Greater Sudbury: 1,282-square-feet
Cambridge:  1,181-square-feet
Kitchener: 1,091-square-feet
Ottawa: 1,079-square-feet
Hamilton: 1,008-square-feet
Burlington: 775-square-feet
Mississauga: 750-square-feet
Oakville: 568-square-feet
Toronto: 520-square-feet
Richmond Hill: 367-square-feet

Quebec

Sherbrooke: 2,041-square-feet
Gatineau: 1,887-square-feet
Quebec City: 1,485-square-feet
Laval: 1,364-square-feet
Montreal: 1,230-square-feet

Atlantic Provinces

Halifax: 1,205-square-feet

Point2homes.com Methodology:

  • for our study we looked at the 50 biggest cities in Canada (in terms of city population) and selected 30 based on data availability;
  • sources used were a mix of listings available on Point2 Homes, Realtor.ca, and agents’ own listing databases;
  • home price per square foot data in the cities below was offered by the following agents, whom we’d like to thank:

Francesca Stalteri, Realtor, Richmond Hill, ON
Jamie Vieira, Realtor, Oakville, ON
Mariana Ivanova, Realtor, Toronto, ON
Kevin Baker, Realtor, Kitchener, ON
Jack Dyer, Realtor, Cambridge, ON
Kim Kunselman, Realtor, St. Catharines, ON
Nazar Hameed, Realtor, Mississauga, ON
Sam Wyatt, Realtor, Vancouver, BC
Amy Assaad, Realtor, Montreal, Laval, Quebec City, Gatineau, Sherbrooke, QC

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Correction: The graphic originally mis-stated that Richmond Hill was in B.C. and not Ontario. This was corrected and updated on January 11, 2017. 

5 comments on “What $300,000 buys you in Canada

  1. Interesting article, but your infographic says Richmond Hill, B.C., not Ont.

    Reply

  2. Where is Victoria?? And Winnipeg is about the same as Abbotsford!? Let that sink in before you move!

    Reply

  3. I’d like to point out that Halifax does not represent the entire Atlantic Provinces as it is presented here. Halifax has a much higher real estate cost than the rest of the provinces. There is a LOT of beautiful real estate east of Quebec for $300,000 that includes ocean and lake fronts. For examples: https://www.realtor.ca/Residential/Single-Family/16431667/37-COOKS-Lane-OAK-BAY-New-Brunswick-E3L4H2 OR https://www.realtor.ca/Residential/Single-Family/17131265/1041-Route-475-Bouctouche-New-Brunswick-E4S4P3

    Reply

    • I agree with Jeff, you could at the very least have had a city from every province instead of providing 13 from Ontario and a single city from the Atlatnic provinces, which also happens to be the most expensive (though St. John’s may come close)

      Reply

    • This was exactly what I was thinking. It’s easy to pretend that Halifax/Nova Scotia is all that is here in Atlantic Canada but this really doesn’t tell the whole story about real estate in Canada by leaving out three provinces in the list. Plus if I were researching retirement based on my budget it would be important to see how somewhere like Fredericton NB or Charlottetown PEI compared so that I could really get the retirement home I wanted for the budget I had.

      Reply

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