How big of a home can you get for $300K? Here's what's on the market

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The national average price of a home in Canada is approximately $645,000, a figure that may be out of reach for many prospective homebuyers. CTVNews.ca has gathered a list of properties currently on the market for about half that price.

According to the online real estate search portal, those living in parts of Quebec and Atlantic Canada, such as St. John’s, N.L., are seeing the most value for their money. In these regions, $300,000 is enough to purchase more than 139 square metres of residential space, on average. Homes in Quebec’s Trois-Rivières and Saguenay in particular offer the most room for the least amount of money.

“Quebec cities are the best for your buck,” reads the report, published in October. “Prairie provinces , as well as Newfoundland, are also major players for Canadian affordability.” However, in larger urban hubs such as Vancouver and Toronto, $300,000 is only enough to buy a home with 22.6 to 22.9 sq. m of space , on average.“Hypothetically, one home in Trois-Rivières or Saguenay could hold more than six homes in Vancouver, Toronto or downtown Montreal — for the same money,” the report states.

In 20 of the most populated cities in Canada, $300,000 is not enough to purchase 46.5 sq. m of residential space, the study suggests. CTVNews.ca has gathered a list of properties currently on the market for about $300,000. Scroll down to see what’s available in major Canadian cities, as well as the difference in average home sizes.

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