The Canadian Real Estate Association reports that 21,840 homes were sold countrywide during Canada’s turbulent 2022 market. The national average home price fell from $626,316 in December to $612,204 in January, a 2.3% decrease. From a bachelor in Toronto to a single-family home in British Columbia, $500,000 is a price point with very diverse listings.
If you’re looking to change provinces, compare prices, or find a new city, we’ve got your back! Some of the top listings around $500,000 from coast to coast are shown below:
British Columbia
Looking for a home in British Columbia? You will be in Canada’s westernmost province, located along the Pacific Ocean! The spectacular natural beauty of British Columbia is well-known across the world.
1702 29 Street, Vernon, $500,000
Property details:
- Detached
- 3 beds, 1 bath, 3 parking
- Walking score 78/Transit score 88
This lovely house is ready for your future creative concepts. This character-rich home’s three bedrooms and two bathrooms are perfect for a growing family. The upstairs has hardwood floors, two bedrooms, one bathroom, a large living and dining area, and a kitchen with plenty of cabinets and counter space. A large bedroom, a two-piece bathroom, laundry, and a sizable amount of unfinished space that may be used as an office, a recreation area, or even a potential guest suite are all included in the basement.
Alberta
The Calgary Real Estate Board (CREB) stated that new listings fell by 25.1% while sales activity fell by 40.2% year-over-year in December 2022. Calgary’s already low inventory levels dropped to 2,451 units last month, 43% lower than the long-term trends for the month. However, compared to pre-pandemic levels, Calgary’s real estate activity and prices have increased and are more substantial than the city’s long-term trends.
6515 Township Road 560, Lac Ste. Anne County, $500,000
Property details:
- Detached
- 3 beds, 2 baths, 2 parking
- Walking score 35/Transit score 31
You can see the pastoral views of the quarter section of the property beyond the outside of this move-in-ready, updated, and bright home. The spacious kitchen has a dining area, an island, counter space, and stainless steel equipment. The living area has high ceilings and plenty of natural light via two windows on either side.
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Saskatchewan
When it comes to value for money, Saskatchewan might surprise you. The Land of Living Skies is much more than just limitless plains. Their CFL team, the Saskatchewan Roughriders, may be loved more than Hamilton loves the Ti-Cats!
125 South Ridge Drive, Christopher Lake, $499,900
Property details:
- Detached
- 4 beds, 3 baths, 8 parking
- Walking score 83/Transit score 74
In this handcrafted and custom-designed home, a stunning oak spiral staircase with glass railings takes you to a fantasy kitchen with maple walnut cabinetry that looks out over the dining area with an interesting turret ceiling. The dining room leads to the lovely living room space with the inviting gas fireplace. The walkout basement includes a large entry, a sizeable family room, two nicely sized spare bedrooms, a third bathroom, an office, and a utility/storage room. Enjoy five garden beds and several outbuildings, including two garden huts, a greenhouse, and a separate garage.
Ontario
In January, the real estate market in the Toronto area continued to decline. The Toronto Regional Real Estate Board (TRREB) announced that sales were down 44.6% year-over-year, however, prices have flattened in many major Ontario markets.
52 Princess Avenue, St. Thomas, $500,000
Property details:
- Detached
- 4 beds, 2 baths, 0 parking
- Walking score 16/Transit score 0
You are welcomed into this newly renovated home with a brand-new kitchen with custom two-tone cabinetry, stainless steel appliances, and quartz countertops. On the main level is a huge living room, a bedroom, and a dining space that may also be used as an office or a play area for kids. Upstairs, there are three sizable bedrooms and a big bathroom. The house has new flooring, baseboards, paint, doors, and lighting. A corner lot property like this is great for first-time buyers or as an addition to your investment portfolio.
New Brunswick
453 houses were sold in New Brunswick throughout December, a 35% decrease from December 2021. Homes sold for an average price of $264,402 in December 2022, a minor 1.1% decrease from December 2021.
1265 West Riverside Drive, Perth Andover, $499,999
Property details:
- Detached
- 5 beds, 2 baths, 14 parking
- Walking and Transit score N/A
This historic home, which is set on a sizable private lot and has an immense double garage, includes a huge eat-in kitchen with handmade cabinets and access to a lovely sun porch. The room after that features a den with antique built-in cupboards and a wood waiter, as well as a sitting space with a gorgeous wood-burning fireplace. The area beneath the stairs, which has a separate entrance and an office with a two-piece bathroom, is ideal for a home-based business. After climbing the breathtaking staircase, you’ll find a gorgeous Juliet balcony to enjoy the riverside views, a three-piece bathroom, a huge guest bedroom, and the spacious master bedroom.
Nova Scotia
Nova Scotia has more than 13,000 kilometres of coastline, so the water is always close. One of the most famous lighthouses in the world is at Peggy’s Cove, but there are more than 150 in the province!
In January, the benchmark price for all property types increased! The benchmark price for townhouse/row units was the most significant increase, at $468,400, it grew by 10.8% from the previous year.
67 Auburn Drive, Halifax, $500,000
Property details:
- Detached
- 3 beds, 2 baths, 0 parking
- Walking score 10/Transit score N/A
This charming little home is the perfect space for families looking for comfortable or spacious living. The open concept floor plan means the living and dining room are joined and flow into the kitchen which in turn opens up into the backyard and deck, perfect for enjoying the summer evenings. Upstairs you’ll find the three bedrooms, while downstairs is an additional family room.
Prince Edward Island
PEI is the smallest Canadian province and its inventory is currently quite slim, however, the number of new listings shot up by 28.1% from January 2022. There were 196 new residential listings in January, the largest number of new listings added in January in five years. Call these gorgeous sandy beaches your new home.
40 Victory Avenue, Charlottetown, $500,000
Property details:
- Detached
- 4 beds, 1 baths, 8 parking
- Walking score 0/Transit score 0
The most well-known features of the city are not far from this well-kept city charmer on a sizable lot. The main level has a spacious entry accented by the original staircase, a light-filled living room, a dining room with easy access to the kitchen, a three-season sunroom, an eat-in kitchen with lots of counter space and storage, a half bathroom with laundry, and a rear patio. On the upper floor, there are four bedrooms and a large bathroom.
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