From a sprawling Edmonton two-storey home to a compact condo in downtown Vancouver, here's what $500,000 will buy across Canada.
In February, the Canadian housing market had its slowest month since 2012, with the average price of a home dropping as well, according to the Canadian Real Estate Association. But the cost of a home can vary wildly across the country’s many markets, and you might be surprised by how far a dollar can stretch once you look outside of the Greater Toronto Area. Read on for what $500,000 will get you in five different cities from coast to coast.
Perhaps the best selling feature is its spacious 50 by 150 foot lot, and the “three season room” off the back of the house, a wood sunroom that provides a view to the backyard during the warmer months.Coming in at just 435 square feet, this condo unit is just steps away from downtown Vancouver, and its location is its main selling feature. Built in 2014, the kitchen and bathroom provide sleek modern accents, and the unit includes a decently sized outdoor patio.
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