Rendering: PRIME Condos, CentreCourt and Centrestone Urban Developments Inc.

Once upon a time, $500,000 was a sizeable budget that could get you a decent property in many Canadian markets. Nowadays, even in the new construction segment, a half-million dollars will only get you so far.

In some cities, $500,000 won’t get you much more than a studio apartment, while in other communities, the same dollar amount is enough to score a brand new two-storey home.

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Thanks to the flexibility of remote working, some homebuyers have migrated to other cities or provinces during the pandemic where their dollars might stretch farther. If you’re working with a budget of $500,000, you might be able to access different sizes and types of new homes depending on where you’re looking to live or invest.

With that, here are some of the new construction plans and units that can be found in various Canadian cities for around the $500,000 mark.

Prices, plans and unit information have been sourced from data found on BuzzBuzzHome’s search map. This is not a definitive list of all of the units or plans available near the $500,000 price point.

Greater Toronto Area

Plan PRIME 310 at PRIME Condos (Toronto)

Housing type: Condo
Developer: CentreCourt and Centrestone Urban Developments Inc.
Price: From $499,990
Status: Selling, under construction
Specs: Studio, one bathroom, from 310 square feet
Project last updated: Nov 17, 2021

Plan Mulberry Lane at Rossmont Green (Whitby)

Housing type: Condo
Developer: Star Residence
Price: From $499,900
Status: Selling, pre-construction
Specs: One bedroom, one bathroom, from 551 square feet
Project last updated: Jan 27, 2022

Greater Vancouver Area

Unit 209-23200 GILLEY ROAD at Hamilton Village Phases 2 & 3 (Richmond)

Housing type: Condo
Developer: Oris Consulting Ltd.
Price: $499,900
Status: Selling, under construction
Specs: One-and-a-half bedrooms, one bathroom, 646 square feet
Project last updated: Jan 05, 2022

Plan A1 at Myriad (Coquitlam)

Housing type: Condo and townhouse
Developer: Concert
Price: From $498,900
Status: Selling, under construction
Specs: One bedroom, one bathroom, from 476 square feet
Project last updated: Nov 15, 2021

Image: Ateliers Heritage, DevMcGill and TGTA

Montréal

Unit 408 at Ateliers Heritage

Housing type: Condo
Developer: DevMcGill and TGTA
Price: $501,200
Status: Selling, under construction
Specs: Two bedrooms, one bathroom, 679 square feet
Project last updated: Jan 21, 2022

Plan B16B INV at Maestria Condominiums – Phase 2

Housing type: Condo
Developer: Devimco Immobilier
Price: From $496,900
Status: Selling, under construction
Specs: One bedroom, one bathroom, from 514 square feet
Project last updated: Nov 30, 2021

Ottawa

Plan 1AC at The Charlotte

Housing type: Condo
Developer: Richcraft Homes
Price: From $503,000
Status: Selling, under construction
Specs: One bedroom, one bathroom, from 576 square feet
Project last updated: Jan 21, 2022

Plan New Callisto at Claridge Moon

Housing type: Condo
Developer: Claridge Homes
Price: From $502,000
Status: Selling, under construction
Specs: One bedroom, one bathroom, from 710 square feet
Project last updated: Dec 03, 2021

Rendering: NRTH, Urban Capital

Halifax

Plan 208 at NRTH

Housing type: Condo
Developer: Urban Capital
Price: From $492,900
Status: Selling, pre-construction
Specs: Two bedrooms, two bathrooms, from 700 square feet
Project last updated: Oct 31, 2021

Lot 62 Janda Crescent (Unit) at Glen Haven Estates

Housing type: Single-family
Developer: Ramar
Price: $499,900
Status: Registration, pre-construction
Specs: Three bedrooms, two bathrooms, 1,322 square feet
Project last updated: Nov 23, 2021

Calgary

Plan Irvine at Duplex Collection at Seton

Housing type: Single-family
Developer: Brookfield Residential
Price: From $500,000
Status: Selling, under construction
Specs: Three bedrooms, two-and-a-half bathrooms, from 1,729 square feet
Project last updated: Nov 23, 2021

Unit 412 at August at University District

Housing type: Condo
Developer: Homes by Avi
Price: $499,900
Status: Selling, complete
Specs: Three bedrooms, two bathrooms, 1,088 square feet
Project last updated: Dec 07, 2021

Rendering: Ellis Green, Lincolnberg Master Builder

Edmonton

Plan The Thomas II at Ellis Green

Housing type: Single-family
Developer: Lincolnberg Master Builder
Price: From $500,000
Status: Selling, pre-construction
Specs: Three bedrooms, two-and-a-half bathrooms, from 2,140 square feet
Project last updated: Jan 30, 2022

Plan B at SKY Residences at ICE District

Housing type: Condo
Developer: ONE Properties and Katz Group
Price: From $500,350
Status: Selling, complete
Specs: One bedroom, one bathroom, from 628 square feet
Project last updated: Jan 27, 2022

Winnipeg

Plan Bromley at 1914 – The Residences

Housing type: Condo
Developer: Irwin Homes
Price: From $499,000
Status: Selling, complete
Specs: Two bedrooms, two bathrooms, from 1,234 square feet
Project last updated: Dec 23, 2021

Unit 2 at 509 Towns on Academy

Housing type: Townhouse
Developer: Dwell Design Homes
Price: $499,900
Status: Dec 01, 2021
Specs: Three bedrooms, two-and-a-half bathrooms, 1,328 square feet
Project last updated: Dec 01, 2021

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