This article was originally published on MoneySense.ca.
Location or space? What are you willing to pay for?
A new infographic based on analysis from Point2homes.com offers a great visual snapshot of the trade-off between space—typically found in less urban areas—versus location (typically the denser, more urban spots).
The result is a visual representation of how much space $300,000 would buy you across 30 Canadian cities.
For instance, you could purchase a 339-square-foot condo in Vancouver or opt for a 1,210-square-foot place in Abbotsford, a city just 90 minutes southeast of Vancouver. In Ontario, you can get a 520-square-foot condo in Toronto or almost double your space (at 1,008-square-feet) by moving east to Hamilton, Ont.
No one will be surprised that Vancouver and Toronto are two of the five most expensive cities, when it comes to square-foot costs, but rounding out the top five is Richmond, B.C. as well as two Ontario cities: Richmond Hill and Oakville.
The complete square footage breakdown is, as follows:
B.C.
Abbotsford: 1,210-square-feet Surrey: 765-square-feet Coquitlam: 661-square-feet Burnaby: 489-square-feet Richmond: 442-square-feet Vancouver: 339-square-feet
Alberta
Edmonton: 1,176-square-feet Calgary: 926-square-feet
Saskatchewan
Regina: 1,167-square-feet Saskatoon: 1,071-square-feet
Manitoba
Winnipeg: 1,277-square-feet
Ontario
Windsor: 1,435-square-feet London: 1,339-square-feet St. Catharines: 1,316-square-feet Greater Sudbury: 1,282-square-feet Cambridge: 1,181-square-feet Kitchener: 1,091-square-feet Ottawa: 1,079-square-feet Hamilton: 1,008-square-feet Burlington: 775-square-feet Mississauga: 750-square-feet Oakville: 568-square-feet Toronto: 520-square-feet Richmond Hill: 367-square-feet
Quebec
Sherbrooke: 2,041-square-feet Gatineau: 1,887-square-feet Quebec City: 1,485-square-feet Laval: 1,364-square-feet Montreal: 1,230-square-feet
Atlantic Provinces
Halifax: 1,205-square-feet
Point2homes.com Methodology:
Francesca Stalteri, Realtor, Richmond Hill, ON Jamie Vieira, Realtor, Oakville, ON Mariana Ivanova, Realtor, Toronto, ON Kevin Baker, Realtor, Kitchener, ON Jack Dyer, Realtor, Cambridge, ON Kim Kunselman, Realtor, St. Catharine’s, ON Nazar Hameed, Realtor, Mississauga, ON Sam Wyatt, Realtor, Vancouver, BC Amy Assaad, Realtor, Montreal, Laval, Quebec City, Gatineau, Sherbrooke, QC
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