| Canada

On MSN News, I recently came across the 10 least expensive cities and 10 most expensive postal codes to buy in, in Canada. Frankly speaking, I wasn’t really surprised at the results, but I thought I would share them with all of you. I know my neighbourhood, the Junction Triangle, definitely did not make either lists, which I guess is a good thing overall, but what I do know is that it’s not cheap to live in Toronto and I wouldn’t trade it for the world. I know for myself, that I could never live in the suburbs even if it meant having more land and cheaper housing as I’m a city girl at heart and I would want my future children to be as well. Having said that, I also do not need to live in the most expensive neighbourhood either, I hope my future place of residence, somewhere I won’t move for a long time, is Palmerston Blvd, a neighbourhood with a ton of history and walking distance to Bloor St and College St (and yes I know it’s not super cheap to live there either). Now that I have completely gone off on a rant, here is the information you have been waiting for. I will start with the least expensive cities first. Keep in mind that the average price of a home in the GTA for October 2011 was $478,137 (TREB).

10 Least Expensive Cities To Buy A Home

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10. St. Catharines

  • October 2011 $243,103
  • Change from October 2010 +2.6%

9. London and St. Thomas

  • October 2011 $238,963
  • Change from October 2010 +2.0%

8. Sudbury

  • October 2011 $237,072
  • Change from October 2010 +9.1%, wow!

7.  Gatineau

  • October 2011 $231,601
  • Change from October 2010 +5.9%

6. Sherbrooke

  • October 2011 $217,007
  • Change from October 2010 +10.1%

5. Windsor-Essex

  • October 2011 $175,386
  • Change from October 2010 +1.3%

4. Saguenay

  • October 2011 $174,653
  • Change from October 2010 +3.4%

3. Thunder Bay

  • October 2011 $167,424
  • Change from October 2010 +26.4%, that’s a big jump!

2. Saint John

  • October 2011 $161,691
  • Change from October 2010 -2.0%, property values went down

And the cheapest city to buy a home is…………

1. Trois Rivieres

  • October 2011 $154,537
  • Change from October 2010 +0.7%

Would you live in any of these cities for the cheaper real estate and potentially more land?

Now here comes the good stuff, where the wealthy Canadians call home……

10 Most Expensive Postal Codes To Buy A Home

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10. Kleinburg, Vaughan (L0J)

  • Prices $800,000-$6.3 million
  • Average Net Worth: $2.5 million

9. Forest Hill South, Toronto (M5P)

  • Prices $1million-$13million
  • Average Net Worth: $2.5 million

8. Chartwell and Bristish Properties (V7S)

  • Prices $2million-$13million
  • Average Net Worth: $2.69 million

7. St. Andrew-Windfield West (M2P)

  • $800,000-$5.5 million
  • Average Net Worth: $2.7 million

6. Horeshoe Bay and Area (V7W)

  • Price $850,000-$16 million!!!!
  • Average Net Worth: $2.99 million

5. Springbank (T3Z)

  • Prices $1million-$6million
  • Average Net Worth: $3.1 million

4. St Andrew-Windfield East (M2L)

  • Prices $1million-$10million
  • Average Net Worth: $3.4 million

3. Rosedale (M4W)

  • Prices $1million-$9million
  • Average Net Worth: $3.6 million

2. Westmount (H3Y)

  • Prices $1million-$4.5million
  • Average Net Worth $3.69 million

And the most expensive neighbourhood to buy a home is…………

1. Lawrence Park (M4N)

  • Prices $1million-$9million
  • Average Net Worth $3.8 million

 Do you live in any of these neighbourhoods? If so, can we be friends?
Aleks

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