We have good news, home shoppers: Five million dollars will still get you a luxury property in Canada.
For now. Next year, who knows. It might just be the going price for a bungalow on Vancouver’s west side.
When it comes to house prices, Canadians are showing signs of fatigue -- and not just in red-hot markets of Toronto and Vancouver. A new poll from Angus Reid found two-thirds of respondents wanted some sort of government intervention in the housing market, to cool price growth.
Thirty-two per cent said house prices in their area are “unreasonably high,” while another 23 per cent said house prices are “high, but understandable given the area.”
The big question, of course, is just how much higher prices can go. In the meantime, check out what $5 million will buy you across the country. For now, it’s still a lot.