If you read the headlines, Canada’s real estate market must seem like the planet’s least approachable. Unwinnable bidding wars. Out of control speculation. Another uninhabitable Toronto rats’ nest selling for $1.5 million.
But if you’re planning a home purchase this year, remember that Canada is home to thousands of individual real estate markets. Most are isolated enough that, if you don’t live near the greater Vancouver or Toronto areas, you don’t need to worry that their markets are on fire.
Even in Canada’s priciest markets, you can find homes selling for under half a million — although they might be a little cramped or rough around the edges. Here’s a look at what $500,000 can buy you in some of Canada’s major cities.
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