We’re on to the flatlands of Saskatchewan this week. I thought instead of picking a price point, I’d have a look at what an average home costs in Regina.
Everything in this cute family home has been lovingly restored. Complete with a large back yard for the kids to run around in. Read more…
We’re back to our cross-Canada tour and, this week, we’re headed to Manitoba. I’m told houses are pretty cheap there, so I thought I’d have a look to find what you could buy for a measly $650K in Winnipeg*.
Here’s a charming house:
This 2842 sq.ft. 4 bedroom family home features a huge eat-in kitchen, five bathrooms, double car garage and a landscaped backyard. Read more…
We’re almost halfway across Canada!! This week we’re in Ontario and, for the sake of keeping the comparisons in one area, I’m going to focus on Toronto.
First up is this gorgeous home for just over $2 million:
Located in Central Toronto near some of the city’s esteemed private schools (woo hoo!), this classic home has 6 bedrooms, a big family room, modern kitchen with breakfast area, spacious master suite with 6 piece bath, and a finished basement with nanny suite!
Farther and farther west we go…bonjour, Quebec!
$1 million is a lot to spend anywhere in Canada. We’ll start in Monteal, where just shy of a million will afford you this refurbished bungalow:
Over 7,400 Sq. Ft of Land! 6 bedrooms, 3 bathrooms and gorgeous finishings. Ooooh la la! Read more…
Last week we had a look at properties in Halifax, Nova Scotia. This week we move a little further west to New Brunswick. Starting at $1.1 million we have this Cape Cod style home:
This country estate is located on over one square kilometre of untouched land and includes a 7 acre spring fed lake. Extremely private and quality-built, this is a maritime oasis. Read more…
Last week we had a look at what around $800K could buy you in Vancouver vs. PEI. This week we’re headed west again to Nova Scotia, with a budget of just under $2 million.
First up is this respectable home located on Halifax’s prestigious Younge Avenue.
With over 5000 square feet of living space, this home has 5 bedrooms, 3 bathrooms and sits on a 10,000 square foot lot. I would be happy to live in the master suite with its “luxurious spa-like 6 pc en suite and walk in closet.” Read more…
Over the next few weeks I’m going to take you across Canada from east to west. This week, we’ll have a look at $1.6 million can buy you in our most easterly province, Newfoundland.
First up is this completely remodelled home, located just outside downtown St. John’s.
With over 6500 square feet of living space, this is a gorgeous family home. Read more…
Last night, a sold out crowd congregated at SFU Woodward’s to listen to a panel talk about “foreign investment in Vancouver real estate.” It’s a subject I’ve covered here over the last year.
What was revealed is that Vancouver appears to have about 7,500 more vacant housing units than what would be expected in most other Canadian cities. For Metro Vancouver, there are around 15,000 to 20,000 more. To arrive at this conclusion, UBC planning professor Andrew Yan analyzed 2011 census numbers to try to add more information to infamous debate around Vancouver being an offshore investors’ holding tank. Is this the case or are many of the unoccupied units simply “second homes” for local investors (e.g. snowbirds who live in Palm Springs half the year).
One thing is clear to me…developers are operating businesses and, as such, will continue to build for the highest bidder. Often, this is an investor who can afford a holding or vacation property in one of the world’s most expensive cities. Because of this, families will continue to be priced out of the Vancouver real estate market. What does this mean for the notion of community and neighbourhood in these areas?
Here’s what it means…community and neighbourhood will cease to exist.
Will Vancouver move towards being a city that is for tourists and investors only? Are we already headed in that direction?
What are your thoughts?
March 20, 2013 | 7:00 – 9:00 PM
Free, but registration is required.
Djavad Mowafaghian Cinema, Goldcorp Centre for the Arts
Presented by SFU’s Vancity Office of Community Engagement and the SFU City Program
In Vancouver, there has been a lot of speculation about the impact of foreign investment on our real estate market. Evidence has been limited.
So does such an issue exist? What are the facts? How does foreign investment impact affordability, if at all?
What are other jurisdictions doing? What public policy interventions would make sense, if any?
These will be some of the questions discussed by our panel, moderated by Tyee editor David Beers:
Andy Yan, BTA Works
Tsur Somerville, UBC’s Sauder School of Business
Sandy Garrosino, Independent City Council Candidate
Richard Wozny, Principal, Site Economics Ltd.
Register here.
I feel like $4 million is a good amount of money to spend on a luxury home…That kind of money affords one a certain kind of lifestyle, I would assume (I have to assume because I don’t actually know!).
In Georgetown, Washington, $4 million buys you this mansion, which formerly housed the Field School (a distinguished prep school):
Photo by Beasly Real Estate
