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Why are homes more costly in Canada than the US? I can see big cities like Toronto, Vancouver and Montreal but why are homes so costly even in really small cities like Regina, Saskatoon and Winnipeg yes even places like Thunder Bay, Windsor and London?
And most of these places the population are not going up much at all like Toronto, Vancouver and Montreal.
In many places in the US you can still get home for $100,000 and $200,000. Even Canada being second biggest country in world when it comes to land, you cannot get even a ghetto home in Canada for $200,000 or $300,000 or even in small cities like Regina, Saskatoon and Winnipeg.
I'm just wondering why homes more costly in Canada than the US.
you cannot get even a ghetto home in Canada for $200,000 or $300,000 or even in small cities like Regina, Saskatoon and Winnipeg.
Not true, there are plenty of cheap ghetto houses in Winnipeg, I have seen them go for under 100,00. But you would not want to live in those areas at all. Specially with the current meth epedemic.
Location: In a perfect world winter does not exist
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The bigger question is how in the world can the middle class survive in Canada when wages are on par or under the USA's and everything costs more. Food, Gas, Higher Taxes, Clothes, Electronics. It seems most of Canada is either Native or wealthy foreigners bringing in lots of cash.
Everyone knows British Columbia is known as " Bring Cash".
OP, you asked this same question here in 2017. The answers you got generally summed it up as being "Because it's Canada, it's not the United States" and went on to explain the reasons and differences. You never acknowledged nor responded back again, you abandoned the topic. So why are you asking again now?
What I really want to know is where can I find the rule book that explains exactly why Canada is expected to keep to the same standards as USA? And who wrote that book?
The bigger question is how in the world can the middle class survive in Canada when wages are on par or under the USA's and everything costs more. Food, Gas, Higher Taxes, Clothes, Electronics. It seems most of Canada is either Native or wealthy foreigners bringing in lots of cash.
Everyone knows British Columbia is known as " Bring Cash".
Then again, uni costs (one of the leading causes of debt in the US) are much cheaper in Canada, as are healthcare costs, although arguably the US does have superior unis and superior healthcare, if you are willing to pay for it.
And some states in the US like California have very high real estate prices, too. I doubt anywhere in Canada except Vancouver has home prices that can come close to the Bay Area.
Oh, and property taxes are generally lower in Canada.
I look at a place like St. Catharines which isn’t exactly “booming” and 100km away from Toronto. In 30 years the St. Catharines-Niagara region has maybe grown 10-15% in population.
Here’s a house in a neighbourhood that I know extremely well, that probably sold for $25K in 1967, and would have sold for around $100-125K in the late 90’s. It’s listed for $465K. 3/2 and 1122 sq ft with a carport.
$414 a square foot is extremely expensive. By way of comparison, I paid around $100 a square foot for my current home (resale, 18 years old when I bought it), and $300 a sq ft for my previous home which was new construction in a golf community in Naples, Florida.
The bigger question is how in the world can the middle class survive in Canada when wages are on par or under the USA's and everything costs more. Food, Gas, Higher Taxes, Clothes, Electronics. It seems most of Canada is either Native or wealthy foreigners bringing in lots of cash.
Everyone knows British Columbia is known as " Bring Cash".
Increase people their wage will not fix the problem. If everyone made $90,000 year the price of homes would just go up.
The average middle class wage in Canada is $60,000 that is $46,000 in USA money. Well most homes in Canada cost $600,000 that is $460,000 USA money.
You can get big new SUV or new pick up truck for $50,000 that is $38,000 USA money.
I look at a place like St. Catharines which isn’t exactly “booming” and 100km away from Toronto. In 30 years the St. Catharines-Niagara region has maybe grown 10-15% in population.
Here’s a house in a neighbourhood that I know extremely well, that probably sold for $25K in 1967, and would have sold for around $100-125K in the late 90’s. It’s listed for $465K. 3/2 and 1122 sq ft with a carport.
$414 a square foot is extremely expensive. By way of comparison, I paid around $100 a square foot for my current home (resale, 18 years old when I bought it), and $300 a sq ft for my previous home which was new construction in a golf community in Naples, Florida.
Yea and if St. Catharines where some where in US not booming no other city close by it would be well under $200,000 and can probably easy get some homes for under $100,000
The bigger question is how in the world can the middle class survive in Canada when wages are on par or under the USA's and everything costs more. Food, Gas, Higher Taxes, Clothes, Electronics. It seems most of Canada is either Native or wealthy foreigners bringing in lots of cash.
Everyone knows British Columbia is known as " Bring Cash".
I noticed a long time ago, that Canada's average citizens don't seem to have much disposable income. I assumed it partly had to do with the tax structure. But a lot has changed in the US since then. Middle Americans don't have much disposable income anymore.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,225,683 times
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Quote:
Originally Posted by Bubble99
Why are homes more costly in Canada than the US? I can see big cities like Toronto, Vancouver and Montreal but why are homes so costly even in really small cities like Regina, Saskatoon and Winnipeg yes even places like Thunder Bay, Windsor and London?
And most of these places the population are not going up much at all like Toronto, Vancouver and Montreal.
In many places in the US you can still get home for $100,000 and $200,000. Even Canada being second biggest country in world when it comes to land, you cannot get even a ghetto home in Canada for $200,000 or $300,000 or even in small cities like Regina, Saskatoon and Winnipeg.
I'm just wondering why homes more costly in Canada than the US.
Where might that be?" I spent 40 years in California and the last time a home in the Bay Area was available for $200k was about 1980. Here in the Seattle area, it was about 1993. In our city the median home price is $900,000.
Canada has homes in the $100-200k range, in places that are not very desirable, and have no major employers that pay well, just like in the USA.
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