Canadian Real Estate Prices - Comparing Your Oakville Real Estate to Homes in Vancouver, Edmonton, and Around the World

Ever wonder what your life might be like if you sold your Canadian property and invested in real estate in some other market? Before you get into this article, it is important to note that when it comes to real estate prices, most studies are at least partly subjective. The actual numbers may vary in accordance with who the survey was commissioned by (a real estate agent will have a different agenda than a housing development company) and the criteria for qualification.

As such, some of the actual dollar amounts for real estate in some locations will be different than what you may have heard. For example, a look through the Toronto condo listings and a comparison with the Vancouver ones will tell you one unmistakable fact: it is a lot more expensive to live out west.

This despite the fact that when it comes to international surveys on real estate prices, Toronto is usually listed well before any other city in Canada. However, most of these studies are thinking about the largest and most diverse population centers rather than taking a real look at actual real estate prices. If they did, it would soon become apparent that the prices for real estate are sometimes almost double what you can expect to pay for an equivalent Toronto home!

That said, there are some places in the world where even the sale of the most expensive homes won't get you very far in the purchase of a new home. We'll leave out the ridiculously priced country of Monaco for this article, as it is stimulated almost exclusively by people with money literally to burn. Instead, a look at other world cities can show that even residents of high priced Vancouver homes can consider themselves lucky. Prices in Moscow, London, and Hong Kong are double again even the high prices you will see on Canada's west coast.

Of course, some world cities offer real estate at much less than what you would get for if you were to put a condo up for sale. Cairo Egypt offers the most affordable prices for real estate in the world, at just under $600 per square metre. That makes it not only a good location to buy, but a great place to invest as well. Rental yields in Cairo are amongst the highest in the entire world.

Some businesses we know

Dufferin Rogers Dental Clinic Family Dentist & Dental Implants
2032 Dufferin St, York, ON M6E 3R5
(416) 658-3384

Trinity Family Dental Clinic Whitby
185 Thickson Rd, Whitby, ON L1N 6T9
(905) 579-5551

TPI Personal Injury Lawyers
2800 Skymark Ave #503, Mississauga, ON L4W 5A6
(905) 361-1500

Uptown Yonge Dental
2717 Yonge St, Toronto, ON M4N 2H8
(416) 487-3333

Adelaide Barks Dog Daycare and Boarding
23550 Highbury Ave N, London, ON N0M 1P0
(519) 854-1214

Super Steam London Carpet & Air Duct Cleaning
1020 Hargrieve Rd #10, London, ON N6E 1P5
(519) 857-9444

Green Collar Landscaping and In-Ground Pool Installation
1632 Wilson St. West Ancaster, Ontario L0R 1R0
(289) 339-8746

Ike's Asphalt Driveway Paving Company and Paving Contractor
4288 ON-3, Simcoe, ON N3Y 4K4
(519) 280-3122

Glenn D. Godfrey & Co. LLP Law Firm
3rd Floor, 35 Barrack Road, Belize City, Belize
+501 223-3530

Elev8 Aesthetic Medicine Inc. Botox Lip Fillers, Microneedling and PRP for Hair Loss
123 Pioneer Dr Building J, Unit #2, Kitchener, ON N2P 2A3
(519) 748-7284

Davidson's Jewellers
790 Bank St, Ottawa, ON K1S 3V6
(613) 234-4136

Easy House Loan Mortgage Broker
940 The East Mall Suite 202, Etobicoke, ON M9B 6J7
(647) 613-3279

Law Offices of Leonard F. Baer, PLLC - Elder Law Firm
1571 Bowery Rd, Highlands, NC 28741
1 828-371-0383

A to Z Storage, Self Storage Units, Boat & Car Storage
28607 Centre Rd, Strathroy, ON N7G 3H8
(519) 299-0179

Shamrock Pest Management
35 Walker St, Grand Bend, ON N0M 1T0
(289) 668-8062

Forest City Bounce & Party Rentals - Bouncy Castle and Party Inflatable Rentals
1020 Hargrieve Rd #10, London, ON N6E 1P5
(519) 200-0402

Copper Creek Construction, Decks, Sheds & Fence Contractor
43774 ON-3, Wainfleet, ON L0S 1V0
(289) 931-5074

ProXpedite Inc. Commercial Kitchen Installations
4226 Raney Crescent, London, ON N6L 1C3

Cannect Home Equity Loans
1006 King St W, Toronto, ON M6K 3N2
(416) 214-9000

Cannect Home Financing Mortgage Broker
81 Navy Wharf Ct, Toronto, ON M5V 3S3
(416) 766-2666

Cannect Private Mortgages & Small Business Loans
33 Gladstone Ave, Toronto, ON M6J 3K7
(416) 766-2666

BA Custom Cabinets & Millwork
33972 Saintsbury Line, Lucan, ON NOM 2J0

TNL Waste Bin Rental
669 Governors Rd E, Paris, ON N3L 3E1
(519) 717-0030

Atlantis Pools & Spas
23550 Highbury Ave N, London, ON N0M 1P0
(519) 471-2058

Cremation & Celebrations London
21574 Richmond St, Arva, ON N0M 1C0
(519) 963-4003

Savarino Brothers Garden Center
24670 Broadway Ave, Oakwood, OH 44146
(440) 439-5358

Kimmick Landscaping Inc.
600 Oxford St W, London, ON N6H 1T9
(519) 473-0210

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Sunday, July 21, 2024