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You'd have hard time finding an acceptable house that size for less than 1.5M USD in Toronto. Vancouver is slightly higher.
by c2h5oh 8y ago
You'd have hard time finding an acceptable house that size for less than 1.5M USD in Toronto. Vancouver is slightly higher.
- jedberg 8y agoSure, but a house of that size in the bay area is $3.3M USD.
- hello_moto 8y agoGVRD (Greater Vancouver) in general uses larger land size for detached house (unfortunately, otherwise more properties can be built). Anywhere else in Canada (Alberta, Ontario), detached houses tend to be smaller. In Burnaby (not Vancouver proper) For CAD$1.7m, you'll get a new-ish duplex (4BR, 3BA). For CAD $1m, you'll get a townhouse (3BR, 2.5BA). Vancouver prices tend to hover around 10-30% more than the numbers I listed above. 1BR Apartment in Vancouver probably cost $650-700k. I think it's tricky to compare Apple to Apple (house X sqft vs same house Y sqft) because it won't be. The comparison has to be generalized a little bit with "Detached House vs Detached House in Desirable Location 'Y' ". I think most Canadians (mostly Toronto and Vancouver) that are having hard times when it comes to housing price are the ones who didn't jump to the market before 2009, which is hard to do even back then because there aren't many hi-tech companies paying high salary. Salesforce hadn't opened an office until 2010. Amazon didn't explode the compensation scene until 2016.