What does $700K buy across Canada? Properties priced at (or around) the national average, from coast to coast

With its black-framed windows and mix of grey stucco and siding, the four-bedroom, four-bath, two-storey home at 35 Chaikoski Court is the model 21st-century suburban house. It sold for just under the national average in April: $707,200.

The average price home in the city is $350,000, but detached homes priced between $500,000 to $749,999 made up almost 18 per cent of sales in March.A detached home selling for the under the national average price in Toronto is as rare as hen’s teeth, but 2099 Dufferin St. sold for $711,500 in February, a million dollars less than March’s $1,750,518 average detached home price in the city. Technically a one-bedroom , the 700-square-foot home had been rented out to a family of five.

The 1,700-square-foot property features the original hardwood floors and trim, along with upgrades such as granite counters in the kitchen and heated floors in the main bath. The basement includes a three-piece bathroom and a separate entrance, and the detached garage/workshop is insulated and equipped with electrical and a woodstove.If you’re really looking to stretch that national average dollar, you can’t do better than Newfoundland and Labrador.

Source: Real Estate Daily Report (realestatedailyreport.net)

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Thanks to the inveterate, incorrigible politicians without any vision who prized short term gains over long term value creation in 🇨🇦‘s economy. This will end when Canadians have to choose between rising prices for food & everything else, and higher mortgage interest payments.

Newfoundland: a four-bedroom, 3,200-square-foot house with a pool, outbuildings and almost an acre of oceanfront land. Vancouver: a boarded-up shack. We have to do something about our housing crisis here.

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