{"id":222740,"date":"2022-02-02T09:31:11","date_gmt":"2022-02-02T14:31:11","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=222740"},"modified":"2024-02-19T02:49:48","modified_gmt":"2024-02-19T07:49:48","slug":"heres-canadas-new-construction-markets","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/heres-canadas-new-construction-markets","title":{"rendered":"What $500,000 gets you in Canada\u2019s new construction markets"},"content":{"rendered":"

<\/h4>

\"\"<\/a>Rendering:\u00a0PRIME Condos,\u00a0CentreCourt and Centrestone Urban Developments Inc.<\/em><\/p>\n

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.<\/p>\n

In some cities, $500,000 won\u2019t 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.<\/p>\n\n

Thanks to the flexibility of remote working, some homebuyers have migrated to other cities<\/a> or provinces during the pandemic where their dollars might stretch farther. If you\u2019re working with a budget of $500,000, you might be able to access different sizes and types of new homes depending on where you\u2019re looking to live or invest.<\/p>\n

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.<\/p>\n

Prices, plans and unit information have been sourced from data found on BuzzBuzzHome\u2019s search map. This is not a definitive list of all of the units or plans available near the $500,000 price point.<\/em><\/p>\n

Greater Toronto Area<\/a><\/h2>\n

Plan PRIME 310<\/a> at PRIME Condos<\/a> (Toronto)<\/h3>\n

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

Plan Mulberry Lane<\/a> at Rossmont Green<\/a> (Whitby)<\/h3>\n

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

Greater Vancouver Area<\/a><\/h2>\n

Unit 209-23200 GILLEY ROAD<\/a> at Hamilton Village Phases 2 & 3<\/a> (Richmond)<\/h3>\n

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

Plan A1<\/a> at Myriad<\/a> (Coquitlam)<\/h3>\n

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

\"\"<\/a>Image:\u00a0Ateliers Heritage,\u00a0DevMcGill and TGTA<\/em><\/p>\n

Montr\u00e9al<\/a><\/h2>\n

Unit 408<\/a> at Ateliers Heritage<\/a><\/h3>\n

Housing type: Condo<\/em>
\n Developer: DevMcGill<\/a> and TGTA<\/a><\/em>
\n Price: $501,200<\/em>
\n Status: Selling, under construction<\/em>
\n Specs: Two bedrooms, one bathroom, 679 square feet<\/em>
\n Project last updated: Jan 21, 2022<\/em><\/p>\n

Plan B16B INV<\/a> at Maestria Condominiums – Phase 2<\/a><\/h3>\n

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

Ottawa<\/a><\/h2>\n

Plan 1AC<\/a> at The Charlotte<\/a><\/h3>\n

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

Plan New Callisto<\/a> at Claridge Moon<\/a><\/h3>\n

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

\"\"<\/a>Rendering:\u00a0NRTH,\u00a0Urban Capital<\/em><\/p>\n

Halifax<\/a><\/h2>\n

Plan 208<\/a> at NRTH<\/a><\/h3>\n

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

Lot 62 Janda Crescent (Unit)<\/a> at Glen Haven Estates<\/a><\/h3>\n

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

Calgary<\/a><\/h2>\n

Plan Irvine<\/a> at Duplex Collection at Seton<\/a><\/h3>\n

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

Unit 412<\/a> at August at University District<\/a><\/h3>\n

Housing type: Condo<\/em>
\n Developer: Homes by Avi<\/a><\/em>
\n Price: $499,900<\/em>
\n Status: Selling, complete<\/em>
\n Specs: Three bedrooms, two bathrooms, 1,088 square feet<\/em>
\n Project last updated: Dec 07, 2021<\/em><\/p>\n

\"\"<\/a>Rendering:\u00a0Ellis Green,\u00a0Lincolnberg Master Builder<\/em><\/p>\n

Edmonton<\/a><\/h2>\n

Plan The Thomas II<\/a> at Ellis Green<\/a><\/h3>\n

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

Plan\u00a0B<\/a> at\u00a0SKY Residences at ICE District<\/a><\/h3>\n

Housing type: Condo<\/em>
\n Developer:\u00a0ONE Properties<\/a> and Katz Group<\/a><\/em>
\n Price: From\u00a0$500,350<\/em>
\n Status: Selling, complete<\/em>
\n Specs: One bedroom, one bathroom, from 628 square feet<\/em>
\n Project last updated:\u00a0Jan 27, 2022<\/em><\/p>\n

Winnipeg<\/a><\/h2>\n

Plan Bromley<\/a> at 1914 – The Residences<\/a><\/h3>\n

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

Unit 2<\/a> at\u00a0509 Towns on Academy<\/a><\/h3>\n

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

<\/div>\n","protected":false},"excerpt":{"rendered":"

Here are some of the new construction plans and units that can be found in various Canadian cities for around the $500,000 mark. <\/p>\n","protected":false},"author":49,"featured_media":222750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2022-02-02T14:31:23Z","apple_news_api_id":"66e8e8c4-94e8-4db4-a2ab-47ff44ae7df3","apple_news_api_modified_at":"2022-02-02T14:31:23Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AZujoxJToTbSiq0f_RK598w","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11132,11199,11209],"coauthors":[10332],"apple_news_notices":[],"yoast_head":"\nWhat $500,000 gets you in Canada\u2019s new construction markets<\/title>\n<meta name=\"description\" content=\"In some cities, $500,000 won\u2019t get you much more than a studio apartment, while in other communities, it's a new two-storey home.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livabl.com\/articles\/news\/heres-canadas-new-construction-markets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What $500,000 gets you in Canada\u2019s new construction markets\" \/>\n<meta property=\"og:description\" content=\"In some cities, $500,000 won\u2019t get you much more than a studio apartment, while in other communities, it's a new two-storey home.\" \/>\n<meta property=\"og:url\" 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