When you're thinking of buying property, it's important that you do your due diligence and research other markets to make sure there's not something out there that's better or more affordable. There's nothing worse than when people lay out hundreds of thousands of dollars on Milton, Ontario houses only to find that they'd rather live in Halifax or Vancouver. For those of you who are considering a Toronto condo purchase, here's a glimpse of other Canadian condo markets from coast to coast, excluding the territories in the north because there are so few condos there.
The East Coast
Though many cities on Canada's East Coast tend to be smaller or less densely populated (which makes condos unnecessary) you can get water views and better values than in Leaside on the condos you can find. Halifax, Nova Scotia, for example is valued at $170,000, while Charlottetown, PEI is listing around $120,000. Fredericton, New Brunswick at $140,000 is less expensive than isolated St. John's, Newfoundland, at $220,000.
Quebec and Ontario
The most popular places to find condos in Quebec are in the Quebec City and Montreal areas, as both are large cities. Prices in Montreal range from $167,000 to $315,000 while in Quebec City they are slightly cheaper, varying from $140,000 to $205,000. London, ON townhouses aren't the only things you can find outside of Toronto. There are also condos in dozens of cities. Some of the best values are Brantford at $132,000 and London at $127,000.
The Prairies
Only in the major population centers will you find condos in the Prairie Provinces, as most people who live here prefer the wide-open spaces. Some of the condos you do see in major cities rival the Windsor, Ontario real estate listings when it comes to price, though. In Winnipeg, Manitoba you're looking at $105,000 to $149,000 while Regina and Saskatoon, Saskatchewan both have averages around $200,000. Calgary and Edmonton, Alberta top the price lists in this category, with options between $195,000 and $282,000.
The West Coast
The West Coast (particularly the Vancouver, British Columbia area) is one of the fastest growing population centers and it even beats out Toronto in many price categories for real estate. Kitsilano and West Vancouver top the list at $605,000 while in other neighborhoods prices for condos can be as low as $160,000. Elsewhere in the province, Kelowna is listing at $180,000, Nanaimo at $228,000 ,and Victoria on Vancouver Island at $275,000.
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