Toronto may not have the most expensive housing market in Ontario, but it's still not an affordable city by any means.
Any home costing $2 million is nearly three times the price of the average home these days, meaning it's well above the means of the average household making $65,829 a year. Still, a Torontonian can dream of an elegant two-storey close to lush green space, can't they?
Here's what a $2 million house looks like in Toronto versus other cities.
Toronto - $1,999,999 CAD
Just steps from the beautiful Mount Pleasant Cemetery, the tree canopy in the Moore Park Ravine, and the sprawling David A. Balfour Park, this five-bedroom home's real value is its proximity to the city's most scenic artery and green spaces.
Montreal - $1,999,999 CAD
Sandwiched between nature hotspot Mont Royal and Montreal's touristic Golden Square Mile neighbourhood, this two-storey home maintains its old Victorian exterior from 1927, but like most of the houses in this neighbourhood, it's been totally renovated inside.
Vancouver - $1,999,999 CAD
The Hastings-Sunrise area is quickly becoming a hotspot for young professionals, and therefore condos, but it's definitely not the most expensive part of Vancity. Two-million can get you half of this duplex rebuilt by sustainable homes-designer Natural Balance.
Calgary - $1,999,000 CAD
This spacious five-bedroom home in the tree-lined Mayfair neighbourhood boasts a massive property, including a fitness room and a home theater. It also has direct walking access to the green spaces along the Glenmore Pathway, which runs along Elbow River.
Los Angeles - $2,006,540 CAD
This quaint Spanish home in the tiny historic Carthay Square neighbourhood was built in 1927 and features three bedrooms, a fireplace, and an incredible backyard with a covered pavilion for outdoor dinners, complete with orange and grapefruit trees.
New Orleans - $2,020,882 CAD
It's well over $2 million, but there aren't currently many options between this five-bedroom and and homes costing well under at $1.95 million in NOLA. An extra 20K gets this unique uptown home built in 1928, just moments from NOLA's historic sprawling Audubon Park.
Malaga, Spain - $2,011,971 CAD
This luxury villa sits right on the coast of the Alboran Sea. The breezy square architecture of this glamourous-looking getaway has its own private pool, garden, and terrace facing the water, and five bedrooms and bathrooms to match.
by Tanya Mok via blogTO