If I Had a Half-Million Dollars…Just Doesn’t Have the Same Ring to It
The National Post ran an article the other day titled, “What you get for a half-million bucks“, which really grabbed my interest. What can one buy these days real estate wise for $500,000? With the real estate market in Canada expected to continue to boom for several more months, it’s interesting to see how much a half-million dollars will get you in various parts of our very large and diverse country.
With the triple threat on the way – higher interest rates, new mortgage lending regulations, and the HST arriving in July for citizens of Ontario and British Columbia – consumers continue to purchase homes at near unprecedented levels. Of course, $500,000 isn’t going to buy you the same thing everywhere.
Here’s a list, complete with pictures, of what you can expect to get for roughly a half-million dollars in Canada, from a 750-square-foot loft in Vancouver to a 2,960 square foot house on a half-acre lot in Halifax, to everything else in between.
