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In Windsor, also hit hard by the economy, you can get a huge four-bedroom, two-bathroom home for an average of $158,242 according to a report by Coldwell Banker Canada. Its the cheapest place in Canada to buy a home.
What you don't want to do is buy a home in Vancouver... where a four bedroom home costs an average of $1,324,000. (Vancouver is definitely in a real estate bubble.)
In Kelowna B.C. a four-bedroom home costs an average of $916,697.
In Fort McMurray, Alta. a four bedroom home costs $593,390.
In the GTA a four-bedroom home costs an average of $495,398. (The GTA includes Toronto, East York, Scarborough, Etobicoke and North York.)
Toronto costs less because it has more alternatives like condos, lofts and townhomes.
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Other reasons include market conditions (16%) investment opportunities (16%) and children moving out (15%).
Meanwhile Newport Beach, California, is the most expensive place to buy a four bedroom home in North America: $1,826,348 USD.
Globally, Shanghai is most expensive at $1,494,072 USD and Dubai is 2nd at $1,413,750 USD.
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