Average home price: Canada vs. the world

By Romana King on July 13, 2011
Estimated reading time: 2 minutes

Want to know where Canadian cities rank in terms of average housing costs? Check out this ranking of 71 cities, which is a compilation of a few reports recently released by Coldwell Banker Real Estate.

Sorry for the radio silence. I was in the process of moving and then came down with horrible food poisoning (ended up at emergency at North York General!).

But I’m back with an interesting ranking of how expensive homes are in various countries across the globe and how this compares to the average housing prices in various Canadian cities.

Coldwell Banker Real Estate’s latest report — released July 13, 2011 — compares similar four-bedroom, two-bathroom homes in 32 countries, including Canada and the U.S.

Among the more affluent markets are Paris and Boulogne in France, Newport Beach, CA in the USA and Milan, Italy.

If you’re looking for lower mainland cities in B.C., check the top of the list. Vancouver, Kelowna and Burnaby rank at the top of the 71 city list — and are considered some of the most expensive markets globally. (NOTE: This list is not a definitive ranking as some cities have been omitted from the original list due to space. Click here for the full international report. Click here for the full Canadian report.)

And if you’re looking for Toronto you’ll have to scroll right down to the bottom third of the 71 listed cities. There it sits with an average price of $378,913, less than even Guelph’s average four-bedroom, two-bathroom home. (NOTE: All prices are in U.S. dollars.)

France	Paris	$3,624,000
France	Boulogne	$2,565,000
USA	Newport Beach, CA	$2,537,126
Italy	Milan	$1,918,750
Spain	Madrid	$1,877,070
Italy	Rome	$1,777,750
USA	Pacific Palisades, CA	$1,606,992
Canada	Vancouver, BC	$1,546,475
USA	Stone Harbor, NJ	$1,344,908
Bermuda	Bermuda	$1,253,750
St. Kitts-Nevis	Nevis	$1,103,750
Canada	Kelowna, BC	$1,087,410
Australia	Sydney	$1,047,250
Turks and Caicos	Providenciales	$1,033,750
USA	Ossining, NY	$919,986
Netherlands	Amsterdam	$862,320
Netherlands	The Hague	$827,770
Vietnam	Ha Noi	$816,667
Vietnam	Da Nang	$803,571
Canada	Burnaby, BC	$797,455
Lebanon	Beirut	$765,000
Ireland	Dublin	$687,289
Australia	Gold Coast	$674,796
Canada	Fort McMurray, AB	$652,382
Czech Republic	Prague	$638,750
Greece	Athens	$632,624
USA	District of Columbia	$630,645
Canada	Oakville, ON	$624,914
Costa Rica	Santa Ana	$617,500
Australia	Brisbane	$583,555
Mexico	Mexico City	$566,500
Canada	Victoria, BC	$540,087
Canada	Surrey, BC	$536,109
Canada	Calgary, AB	$534,912
USA	Scottsdale, AZ	$455,964
USA	Palmetto Bay, FL	$449,353
Aruba	Aruba	$445,875
Canada	Edmonton, AB	$442,121
Canada	St. John’s, NF	$440,825
Canada	Mississauga, ON	$439,175
Canada	Burlington, ON	$429,249
Canada	Ottawa, ON	$426,150
Peru	Lima	$423,125
USA	Birmingham, MI	$418,473
Turkey	Istanbul	$417,975
Canada	Whitehorse, YT	$405,465
Mexico	Monterrey	$400,211
Canada	Guelph, ON	$391,030
Canada	Toronto, ON	$378,913
Belize	San Pedro	$366,750
Indonesia	Jakarta	$354,651
Canada	Barrie, ON	$341,567
Canada	Red Deer, AB	$307,919
Canada	Winnipeg, MB	$307,464
Panama	Panama City	$285,000
Canada	Stratford, PEI	$279,845
Canada	Lloydminister, SK	$279,445
Guatemala	Guatemala City	$265,000
Turkey	Ankara	$264,000
Canada	Lethbridge, AB	$248,082
Canada	Hamilton, ON	$244,906
Canada	New Glasgow, NS	$231,971
Dominican Republic	Sosua	$196,250
Honduras	San Pedro Sula	$193,000
Canada	Windsor, ON	$144,460
Venezuela	Caracas	$138,497
USA	Cleveland, OH	$76,042
Ecuador	Salinas	$75,000
USA	Detroit, MI	$73,363
USA	Coolidge, AZ	$69,083
USA	Niagara Falls, NY	$60,820