Here's what $300K will buy you in Canada's biggest cities

Jan 12 2017, 3:57 am

A new real estate study by Point2 Homes is revealing just how much square footage you can get for your hard-earned cash in 30 major cities across Canada.

The real estate portal assumed buyers had $300,000 to spend, based on a previous study which found many people are hoping to find homes at this price.

To put that in perspective, it’s roughly 3.5 times the median family income of $78,870, and also the ratio needed to buy a home a decade ago.

Unsurprisingly, Point2 Homes found $300,000 rarely gets you much space anymore in Canada – but the differences from city to city are fascinating.

Hover over this graphic, made by Point 2 Homes, to see exactly how many square feet you get for $300,000. Each box is proportional to the size difference, city to city.

The differences are vast. Sherbrooke, Quebec is roomiest with 2,041 square feet for your $300,000, while Vancouver, BC is pitiful, offering only 339 square feet.

And bad news Toronto – you could fit at least two of your bachelor pads into homes the same price in Ottawa, Hamilton, Montreal, Regina, Saskatoon, and Calgary.

For more in depth comparisons, check out Point2 Homes.

Jenni SheppardJenni Sheppard

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