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Wednesday, February 01, 2006

What will $1 Million Get You?

Century 21 Canada did a survey of Canadian markets, investigating what $1.1 million will get you. Here are some of the results:

Toronto: two-bedroom, 1,400-square-foot apartment in Toronto's Harbourfront district which comes with a penthouse panoramic view of Lake Ontario.

Saint John, N.B.: 11-bedroom, 81/2 bathroom Queen-Anne-style mansion of 7,000 square feet on 1.4 acres -- plus a 1,446-square-foot townhouse in the city centre, with a harbour view.

East Saanich, B.C. near Victoria: 10,000 square feet for $995,000 - just for the ocean-view lot, no house included!

Edmonton: five-bedroom, four-bathroom home on Ada Boulevard, overlooking the river valley.
The 5,500-square-foot home, on a large lot, has air conditioning, multiple fireplaces, six-car garage, gym, hot tub, wine cellar and nanny suite.

Regina: $735,000 will buy you a 3,700-square-foot home in the Wascana View neighborhood. The bungalow sits on a 14,700-square-foot lot, has four fireplaces, a four-car garage and a swimming pool. Leaving you enough cash to buy a $229,000, 1,000-square-foot cottage on Pasqua Lake, 45 minutes from Regina.

Calgary: the city has seen a jump in the number of homes selling in the $1-million range. This month alone, eight houses have sold for $1 million already where supply is not keeping up with demand - more than half of sales are going for over list price.

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