Want to know what your home might be worth in over 30 communities across Canada? Or what a comparable home would be listed for in over 320 North American markets? Now you can find out with just the click of a mouse, and a new online pricing tool from Coldwell Banker. Through the comprehensive Home Listing Report (HLR) section on http://hlr.coldwellbanker.com, consumers can now research home listing values in over 320 markets in Canada and the U.S. to gather preliminary intelligence about the affordability of homes from one market to another.
The HLR is a great way for people who are curious about home listing prices to get a glimpse of various markets. By reviewing the report data, Canadian consumers can truly recognize the local nature of real estate. The HLR tool lets consumer compare pricing from Burnaby to Burlington and Huntsville, Alabama to Huntsville, Ontario.
Canadians thinking of buying property in the U.S. will be pleased to find a large number of markets where homeownership is at very affordable levels. You’ll find eight U.S. markets where four-bedroom home prices are hovering around $100,000…or less! In total, there are 85 U.S. markets in the HLR with average reported listing prices less than $200,000 US for a four-bedroom, two-bathroom home. There are 183 U.S. markets where the average list price for the ‘aspirational’ home studied is less than $300,000 US. These markets include many ‘sunshine state’ destinations sought after by Canadian ‘snowbirds’.
Internationally, most Canadian home prices look like a relative bargain when compared against the Bahamas ($1 – $2 million), Dubai ($1.4 million), Rome ($1.3 million) and Shanghai ($1.5 million), all well above the million dollar mark. However, Canadian price leader Vancouver did finish in the North American Top Ten, with $1,324,000 CDN ($1,289,179 U.S.) for a four-bedroom, two-bath ‘aspirational’ home. Vancouver was the only Canadian city to make the North American top ten rankings.
For more details on the Home Listing Report (HLR), including complete pricing tables for Canada, the U.S. and International markets, please review the Canadian HLR news release on www.coldwellbanker.com
