What $300,000 buys you in Canada

By Romana King on January 11, 2017
Estimated reading time: 2 minutes

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

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 Ask your property or real estate question here »

Read more from Romana King at Home Owner on Facebook » 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.