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In Canada’s Hot Housing Market, What Can You Buy for $500K, $1M and $1.5M?

Source: Erica Alini , Jon Azpiri , Rebecca Lau , Melissa Gilligan , Kalina Laframboise & Ryan Rocca , globalnews.ca, March 20, 2021

No matter where you live in Canada be prepared for spring bidding wars.

Comparisons of what kinds of residential properties Canadians could buy with the same amount of many in different parts of the country used to reveal sharp regional differences. The same asking price would get buyers a mansion in some provinces and smaller town or a condo the size of a shoebox in pricey markets like Vancouver and Toronto.

But after the pandemic-fuelled housing boom that swept much of the country in the second half of 2020, a cross-country comparison reveals the bucks goes a lot less far than it used to across Canada.

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