What is the average cost of housing in Canada?

If you are thinking about moving to Canada, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The average cost of housing in Canada can vary greatly, depending on the province, city, or even neighbourhood. Generally, the cost of housing in Canada tends to be higher than most other developed countries, due to the strong economy and high demand for homes. Overall, the cost of living in Canada is expensive, with the average cost of renting a two-bedroom apartment in Toronto and Vancouver being higher than many other major cities around the world. In addition, the cost of buying a home in Canada is also high compared to the rest of the world, with the median price of a single family home in Toronto and Vancouver being over one million dollars," wrote a member who made the move to Canada.

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"I am an American, wishing to retire in Canada. It should be a no-brainer since I have double citizenship and I was a resident of Montreal, Quebec for 24 years. This month, feeling encouraged by the drop in real estate prices in N America. The Bottom line: Canadian housing is priced similarly to the prices in the US. I started looking for a condo in Montreal. here are the results of my research: Downtown Montreal - a 1000-1400 sq ft condo will cost over $ 1 Million NB: You may decide to settle for an old condo that needs repairs, in which case you will pay less but need lots of luck. For a similar size house or a condo in a Montreal suburb, located 25-35 minutes from downtown, you will have to pay $650,000- $850,000. Toronto prices are 15% higher than Monreal prices. Vancouver home prices are 25-30% higher than Montreal prices," explained one expat living in Canada.

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What is the average cost of housing in Canada?

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.