Thinking about taking the next step as a grown-up? Buying real estate can be tough and bewildering, but it can be a wise long-term investment if you buy smartly. But with market rates reaching in the millions in some parts, how do you know when you’re getting a deal? It turns out, sometimes it’s much more apparent than others.
Take New Brunswick, for example. At this moment, you can buy an entire ski hill in Edmundston for $900,000. That’s an entire ski hill, guys. Yes, it’s a lot of money, but let’s compare that to what you could find elsewhere:
In Vancouver, you can dip below $900,000 ever-so-slightly to $890,000 and get a very shabby bungalow that is said to have “some updates.” The Province unearthed this striking comparison, and this isn’t an anomaly, either. In a previous look at competing real estate markets, they uncovered a New Brunswick castle (a whole castle) that was being sold at the same price ($700,000) as a Vancouver bungalow.
In Georgetown, Ontario, $900,000 buys you a 9-bedroom, 9-bathroom palace. The benefit of going with this property is you wouldn’t need to figure out what to do with a hill.
No homes in Toronto are currently going for $900,000 – the closest option is a 3-storey townhouse on Spencer Ave. that is selling for $908,800 and overlooks a block of high-rise apartment buildings. If you’re looking for expansive views (or just good views at all), you’d be better off moving to New Brunswick and buying a hill. And Toronto definitely has some pretty tight spaces (read: condos) going for that steep value, too.
Prince Edward Island
Want a ridiculously expansive lakefront property, huge driveway, huge house and just a lot of everything quaint and dreamy you could ever want in an island home? Well, for $899,990, that’s what you’d get in Prince Edward Island. And it’s move in ready, so it’s not like a hill where you kind of need to figure out what to do with it.
If you can get past the horrifying winters of Winnipeg, you can get a pretty stately manor there for just under $900,000. But if you’re going to buy a place with snow issues, why not buy a ski hill?
Maybe you want to move far away? Well, you can buy a 6-level home in Yellowknife for under the value of a hill or a Vancouver bungalow. It’s kind of tempting!
For exactly $900,000, you can get warm and toasty in every bedroom of this gigantic cabin oasis. Seriously, it’s like if Canadiana were a home. We’ll move in tomorrow!
Montreal is nice, but this Sainte-Foy property is pretty luxurious. And there’s so much room to socialize and breathe in that delicious country air. And it comes with a pool! Hill versus pool? Ah, decisions!
This Dalhousie property is for people who like to seriously chill. There’s a hammock area, where you can do so much lounging. And it’s a pond, river and lakefront home. Water, water everywhere! You’ll be the queen of summer!
Newfoundland and Labrador
We couldn’t even get close to $900,000 in Newfoundland. But you can get an 11-year-old, four-bedroom house for just $750,000. It’s in a place called Happy Valley-Goose Bay! How could that not be magical?
So, there you have it. Yes, you can buy an entire ski hill for the price of a Vancouver bungalow or a Toronto condo. But if you aren’t in the market for a ski hill (if you are, we’d love to join you for a weekend), but want space, there are ways to spend $900,000 wisely. And we hope we helped with that, because we know how confusing and ever-changing the markets can be. Happy hunting!