When the pandemic first reared its viral head last year, uncertainty emerged about how COVID-19 would affect Canada’s real estate market. More than a year later, that question can be put to rest as the market continues booming, with homes in some parts of the country receiving multiple offers above asking price. Yet even with this heated-up market, there are still vast differences in price depending on what part of the country you happen to be in. From a studio apartment in Canada’s most populous city to a historic Downton Abbey-style mansion in the Maritimes, check out what a $500K budget will get you in 10 different areas of Canada.
A Cozy Condo in the Heart of Vancouver
Location:
Vancouver, BC
Price: $499,900
Size: 459 square feet, 1 bedroom, 1 bathroom
Related: 10 Canadian Regions With Below Average House Prices
A Cozy Condo in the Heart of Vancouver
Despite its size, the listing for this one-bedroom condo in downtown Vancouver notes the efficient layout makes for a space that “feels roomier than it sounds,” while “wall-to-wall windows make this a bright and airy home.” Additionally, the contemporary kitchen boasts quartz countertops, glossy grey cabinetry and custom built-in storage. There’s also in-suite laundry and a balcony with a view of False Creek.
Related: Vancouver and Toronto Named Best Canadian Cities for Young Adults to Buy Property
A Spacious Townhouse in Calgary
Location:
Calgary, AB
Price: $459,900
Size: 2,036 square feet, 4 bedrooms, 4 bathrooms
Related: 10 Incredibly Cheap Houses for Sale in Canada in 2021
A Spacious Townhouse in Calgary
In addition to a spacious backyard deck and a fully renovated basement, other features of this Calgary townhouse include a floor-to-ceiling stone fireplace in the great room and a recently renovated kitchen (among the $100,000-plus of renos undertaken in 2014). According to the listing, the primary bedroom boasts an ensuite bathroom with “a large Jacuzzi soaker tub.”
A Sprawling Saskatchewan Loft in Regina’s Trendy Warehouse District
Location:
Regina, SK
Price: $484,900
Size: 2,476 square feet, 2 bedrooms, 2 bathrooms
A Sprawling Saskatchewan Loft in Regina’s Trendy Warehouse District
Located in Regina’s Warehouse District, this converted loft offers 14-foot ceilings, exposed beams and brick, original hardwood floors and nearly 2,500 square feet of open concept living space, and even a private rooftop deck. “The main level has all the ‘loft’ charm including lots of entertaining space that can be used for pool table/games area or even a large dining room,” declares the listing, while pointing out the custom kitchen features “granite countertops with live edge, stainless steel appliances (including JennAir cooktop with downdraft ventilation system) and a spacious pantry.”
A Newly Constructed Family Home in Winnipeg
Location:
Winnipeg, MB
Price: $498,800
Size: 1,727 square feet, 3 bedrooms, 3 bathrooms
Related: Amidst the Pandemic, People Are Leaving Cities, Causing a Price Surge in Suburban and Rural Areas
A Newly Constructed Family Home in Winnipeg
This recently Winnipeg home is situated in the environmentally friendly new dubbed Bonavista. In addition to the plus a main floor den/office and neutral designer decor throughout! According to the listing, features include “a large great room with a beautiful tiled gas fireplace,” while the expansive kitchen features “a large island, pantry, tiled backsplash, quartz countertops and stainless steel appliances.” The primary suite on the second level includes a large ensuite and walk-in-closet, while the fenced backyard hosts a spacious deck.
A Toronto Pied-a-Terre Steps Away From the Beach
Location:
Toronto, ON
Price: $499,999
Size: 499 square feet, 1 bathroom
Related: 10 Examples of How Truly Shocking the Toronto Market Currently Is
A Toronto Pied-a-Terre Steps Away From the Beach
As the listing notes, this cozy condo is “steps away from the beach” and represents “a unique opportunity to own in the Beaches,” one of the city’s most sought-after neighbourhoods. “Use as a pied-a-terre, cozy studio or tiny home and find your quiet retreat at the beach…”
A Character-Filled Heritage Condo in Montreal
Location:
Montreal, QC
Price: $499,000
Size: 1,238 square feet, 3 bedrooms, 1 bathroom
Related: This Magnificent $15M Montreal Mansion Has a Political Past
A Character-Filled Heritage Condo in Montreal
Fans of heritage homes will find plenty to love in this large three-bedroom condo, circa 1900, that’s situated not far from Old Montreal. Along with high ceilings, original hardwood flooring and charming mouldings, the listing points out that there’s also the possibility of adding a balcony, either on the back terrace or on the roof of the building.
A Stately Mansion in Saint John’s Historic Mount Pleasant
Location:
Saint John, NB
Price: $499,900
Size: 7,225 square feet, 6 bedrooms, 6 bathrooms
A Stately Mansion in Saint John’s Historic Mount Pleasant
Described in the listing as an “Irish manor-style home” dating from 1850, this sprawling mansion has been “meticulously modernized for today’s lifestyle while maintaining the original beauty of fine craftsmanship.” The stunning foyer boasts marble flooring and “impressive original trompe l’oeil walls framed by cornices and cove mouldings embellished by gold leafing.” Other features include large rooms with high ceilings, tall windows with original shutters, chandeliers throughout, nine fireplaces and even a servants’ staircase leading from the kitchen to the upstairs bedrooms, with the primary bedroom featuring an ensuite with a copper bathtub.”
A Three-level Family Home in Halifax
Location:
Halifax, NS
Price: $499,900
Size: 1,645 square feet, 4 bedrooms, 4 bathrooms
Related: I Sold a Home During the COVID-19 Pandemic – Here’s What I Learned
A Three-level Family Home in Halifax
Built in 1961, this three-level home includes a legal basement apartment. Boasting hardwood floors throughout, the listing declares that this home “has been built to last with new siding, private backyard with storage, fire pit, paved driveway, gorgeous custom mantel and working fireplace,” along with plaster walls and original crown mouldings.
A Historic Oceanfront Estate in PEI
Location:
Montague, PEI
Price: $499,900
Size: 2,036 square feet, 5 bedrooms, 3 bathrooms
A Historic Oceanfront Estate in PEI
Dating from the 1890s and known as the “George Poole Home” on the Canadian registry of historic places, this home still retains much of its original Gothic Revival decorative elements. Described in the listing as a “one-of-a-kind waterfront property,” the home is situated on 1.33 manicured acres that overlook the Lower Montague Wharf and waterfront.
A Sprawling Character Home in Downtown St. John’s
Location:
St. John’s, NF
Price: $389,000
Size: 3,200 square feet, 5 bedrooms, 2 bathrooms
Related: Here’s How Property Tax Compares in Canada From Coast to Coast
A Sprawling Character Home in Downtown St. John’s
Located in “one of the most prestigious and sought-after locations in downtown St. John’s,” as the listing notes, this unique character home has “an old-world feel and shows beautifully!” Features include the original hardwood/softwood flooring (circa 1938), as well as original, crown moldings, plaster ceiling with rosettes, archways, solid hardwood doors and trim, fve fireplaces and a beautiful stained-glass window at the top of the stairs. There’s even a wine cellar in the basement – all for a price that’s significantly under $500,000.
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