(Source: CBC News)

Real estate in Canada is a relative bargain compared to homes in many other parts of the world, according to a global price survey by Coldwell Banker.

The survey also found typical executive homes were still affordable in many Canadian cities.

The real estate firm looks at the average price for a 2,200 square-foot, single-family home with about four bedrooms and 2½ baths — what it calls an “aspirational” home. This is the type of home that middle-management corporate transferees and move-up buyers typically look for, it said.

Read the full article “Canadian real estate a world ‘bargain’: survey” in the CBC News (September 23, 2009)

Key Points from the studied homes:

Vancouver leads the hot-again west coast at over $1.26 million (nearly double that of nearby Burnaby, BC at $657,250).

Canada’s largest city, Toronto, Ontario comes in at $824,347, with Calgary at $525,525.

Read the Press Release here.

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