Zoocasa
Sold Prices
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Home Affordability

How Much Space Can You Get for $300k in Canada’s Top Cities?

Point2 Homes by Point2 Homes
February 21, 2017
in Affordability, Guest Posts
Reading Time: 3 mins read
ow much space can you get for $300k
Share25
Tweet
Share5
30 Shares

It seems nowadays that everywhere you look, Canadian real estate is on people’s minds, especially when it comes to the GTA and British Columbia. To cut through all the static, we at Point2 Homes wanted to find out, in layman’s terms, how much house can you buy for $300,000  in 30 of Canada’s largest cities.

Why $300k as a benchmark? Because according to a profile of the Canadian home buyer based on Point2 Homes marketplace searches, most people across Canada (except in the hottest markets) are still searching for homes priced between $300,000 and $400,000. Keep in mind that the average Canadian home is still close to the 2,000 square foot mark, even though it seems to slowly be shrinking.

Why price/square foot? Because it is a universally accepted metric, especially when it comes to getting general insight into home values. Even though it doesn’t take into account location, building materials, construction type and other factors, it does offer a very important estimate – almost as important as the median home price –, namely how much elbow room you get for your money in a city. Your real estate professional can then offer you a breakdown by property type.

Point2 Homes took all these into account and created a neat visual to form an idea about what your money is worth in various real estate markets. The interactive chart below tells you exactly how much space you can get in any of the cities included in the study. The rectangles are proportional, so you can get a simple visual overview.

 Toronto prices soar, but Ontario still has affordable opportunities

The good news is that $300,000 can buy 520 square feet of space in Toronto real estate, which can even be ideal for lovers of micro-homes. The bad news is that there seems to be an alarming scarcity of real estate inventory, which is driving prices in the 416 higher and higher, according to a recent TRREB report.

The situation around Toronto is still very diverse, with some of the most expensive, but also some of the more affordable cities in Canada. On the expensive side, there’s Richmond Hill, with prices second only to Vancouver, as $300k only buys 367 square feet.

On the other hand, Cambridge or St Catharines, where $300 gets you 1,181 square feet and 1,316 square feet respectively, are still very attractive options in terms of affordability, although the long commutes might deter some buyers from exploring them.

Ontario city highlights: How much house can you get for $300k

  • Toronto – 520 square feet
  • Mississauga – 750 square feet
  • Ottawa – 1,079 square feet
  • Windsor – 1,435 square feet 

Quebec and British Columbia: Extremes in Terms of Value for Money

The only city in Canada where $300k gets you a home of over 2,000 square feet is Sherbrooke QC. Gatineau comes a close second, with 1,887 sq. ft., but the numbers quickly plummet from there.

At the other end of the spectrum, you’ve got Vancouver real estate, where $300k would theoretically get you 339 square feet of space, if you could find a home that small on the market. In other words, not surprisingly, in Vancouver $300k gets buyers a mere 16.9% of the average Canadian home size.

Things aren’t much better in the rest of British Columbia either.

British Columbia city highlights: How much house can you get for $300k

  • Vancouver – 339 square feet
  • Burnaby – 489 square feet
  • Surrey – 765 square feet
  • Abbotsford – 1,210 square feet

The bottom line is that Canadian real estate still offers options for every budget, although they might not be in the most sought-after metropolises.

Previous Post

Why Home and Life Insurance are Needed When Buying a Home

Next Post

Should You Buy a Condo On Concept?

Point2 Homes

Point2 Homes

Related Posts

Affordability

Best Places to Live in Canada for Young Adults: Top Picks for 2025

July 22, 2025
Two people sitting on beach chairs at the beach
Affordability

Can You Afford to Live Where You Vacation? Here’s What It Costs in America’s Most Popular Spots

July 16, 2025
A woman sitting in the driver's seat of a car
Affordability

Trade Your New Car Budget for a Down Payment in These Affordable U.S. Cities

July 3, 2025

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

A person sitting on the beach, gazing at the vibrant sunset over the ocean horizon.

6 Beach Towns in Canada That Are More Than Just Summer Getaways

July 27, 2025

Tour 10 of the Craziest Houses for Sale in the U.S. Right Now

July 26, 2025
A woman sitting on a bed, looking relaxed, with a fan blowing gently beside her.

How to Keep Your Bed Cool in the Summer and Sleep Through the Heat

July 25, 2025

8 Best Malls in the GTA to Beat the Heat This Summer 

July 24, 2025

Featured Listings

A black house perched on a rocky hill, surrounded by a clear blue sky and distant mountains.

Discover Canada’s Most Unique Homes: 14 Can’t-Miss Properties

July 17, 2025

6 Best Cities for Affordable Luxury Homes in Canada Under $1M

July 10, 2025

5 Canadian Cottage Regions That Make the Perfect U.S. Buyer Getaway 

June 15, 2025

From Skyline Views to Private Escapes: 5 Luxe Calgary Homes for Sale

June 10, 2025
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Stay Connected

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.