Friday, August 5, 2011

Most Expensive Markets in North America

Vancouver is 3rd in north america behind Newport Beach and Pacific Palisades.

An average 4bed, 2 bath home is $1.55million in Vancouver and only $144,456 in Windsor Ont!

In Canada, Vancouver (1.55million) is the most expensive market, followed by Kelowna ($1.1million), Burnaby ($797,455), Fort McMurray ($652,382) and West Kelowna ($640,055) these are the average for the 4 bed, 2 bath house in these areas. Victoria is around the $628,297 mark.

Note that average prices are based on all areas of the city, so the higher priced areas are factored in which tends to bump up the average value.

To put the value of buying in Windsor Ont, you would pay $617 per month on the $144,460 4bed, 2bath house. That's with 20% down and 5% rate in 30yr amortization.

If you have any questions about the value of your home and would like a free home market evaluation, please call me at 250.884.3980 or visit my site, www.NewImageHomeSales.com

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