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Dream home or one-bedroom condo? What will $700,000 buy you in housing markets across Canada



As housing prices continue to rise in Calgary, many Canadians are finding it increasingly difficult to achieve the dream of homeownership. In April, the average sale price for a home in Calgary reached $499,505, while the national average stood at $703,446. To understand what this average price can get you in various cities, we explored listings on Realtor.ca.


Vancouver, B.C. - $699,900

In Vancouver, $699,900 can buy a two-bedroom, one-bathroom apartment with 668 square feet of air-conditioned living space. Located in downtown, this apartment offers 9-foot ceilings, a storage locker, and central A/C. The building is Airbnb-friendly and boasts amenities like a fitness centre, entertainment lounge, and outdoor terrace with BBQs.


Edmonton, Alberta - $699,980

In Edmonton, this budget can secure a four-bedroom, three-bathroom home with 2,573 square feet in a new development. The home features an open-concept family room, engineered hardwood, ceramic tile, and an abundance of windows, making it a spacious and modern living space.


Calgary, Alberta - $699,900

Calgary offers a three-bedroom, three-bathroom home with 2,150 square feet in the southeast community of New Brighton. This home emphasizes modern family living with 9-foot ceilings on the main floor, creating a spacious and airy atmosphere.


Regina, Saskatchewan - $699,000

In Regina, $699,000 buys a five-bedroom, three-bathroom home with 1,681 square feet. This bilevel home features a custom kitchen with granite countertops, a large island, and vaulted ceilings, providing a luxurious living experience.


Winnipeg, Manitoba - $699,950

In Winnipeg, you can purchase a four-bedroom, three-bathroom home with 1,859 square feet and an oversized garage. This home includes a luxurious spice kitchen, laminate countertops, and an abundance of natural light.


Toronto, Ontario - $700,000

In Toronto, $700,000 will get you a one-bedroom, one-bathroom condo with city views and no parking spot. The condo offers amenities such as an indoor pool, fitness gym, and outdoor terrace.


Halifax, NS - $699,900

In Halifax, you can buy a four-bedroom, 2.5-bathroom home with 1,998 square feet. This home is located in a highly sought-after neighborhood and features elegant hardwood flooring and a heated foyer.


Saint John, New Brunswick - $699,900

In Saint John, your money stretches further, securing a four-bedroom, five-bathroom home with 3,550 square feet. This estate-like home boasts water views, a grand white pillar entry, and is situated in an exclusive cul-de-sac.


As prices rise, the dream of homeownership remains a challenge for many Canadians. Exploring options across different cities reveals the varied possibilities within the same budget, highlighting the diverse nature of Canada's housing market.


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