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...
"I am bewildered to hear of average housing in Montreal is around CAN $226,000. I lived in Montreal for 23 years, I am visiting frequently, I am planning to return soon, and I can confirm that you will not find any decent housing within 10 miles of the city center for less than $500,000," remarked another expat who made the move to Canada.
"I live in the Comox Valley on Vancouver Island. The area includes the towns of Comox, Courtenay and Cumberland, and the rural areas in between. Since Covid began, many newcomers are here and prices have gone through the roof! The average condo is $400,000, average townhouse is $600,000, and single family homes are higher. But prices are starting to fall as interest rates rise, and houses are not selling as fast. I recommend waiting a year to buy. That gives you time to explore the different areas, as each one has its own unique character," explained one expat living in Vancouver, Canada.
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Other Questions:
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What is the average cost of housing in Canada?
If you live in Canada, newcomers to Canada would love to hear your answer to this question.
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.