GTA House Prices Are A Bargain

There has been so much reported in the news recently about the real estate market in the GTA. The increase in house prices and the number of homes sold in the last few years have been record setting. I thought it would be intersting to see how the market in the GTA and Mississauga compares to other big cities around the world. 

Here's a look at what the you can buy today for $1,200,000 Canadian Dollars in some other big cities around the world. 

London England

In Central London in the UK you can buy a 3 bedroom, 1 bathroom terraced apartment unit. This condo unit has a sizeable master bedroom and 2 smaller bedrooms. It has a balcony overlooking the a garden. The total living space is about 825 square feet. There is one parking space.

New York City

 

In the Big Apple downtown Manhatten you can purchase this one Bedroom 1 Bathroom condo on the 9th floor of a building that was built in 1964 and is located just off 5th Avenue. There is an open concept living dining area and a walk in closet. There is no laundry facilities in the unit. This unit overlooks another building and there is no balcony and no parking space. Total living space is just under 700 square feet.

San Fransicso 

 

In San Francisco you can buy this 1 bed corner loft with 1.5 baths, walk-in closet, balcony and separate storage unit. This is a newer building that has nice amenities and a great view of San Farncisco.Total living space is about 1050 square feet.

Sydney Australia

This is a 1 Bedroom 1 Bath condo on the 33rd floor of what is being described as a premium residence that offers a nice view of the city. This unit has in suite laundry, storage and one parking space. The building has a theatre, gym and 24 onsite building management. 

Hong Kong

in Discovery Park Hong Kong you can get a 3 bedroom condo unit in a building that has a view of the city. The rooms are quite small as the total square footage of the unit is just under 600 square feet. 

Toronto

In the 416 your the same amout will buy something like this a 3 bedroom 2 bathroom detached home in Toronto. It is an older home but has been updated with a modern open concept kitchen and newer bathooms. There is parking in the driveway which is shared with the neighbours. This home is close to the central part of the city and is within walking distance to a subway station.

Mississauga

Just west of the GTA Mississauga offers much more for the money. Here's a 4 Bedroom 4 bathroom luxury home with a 2 car garage and private parking. The master bedroom has an ensuite bath and walk in closet. The home has been updated with hardwood flooring and a finished basement with an additioal bedroom. The total living space is over 2500 square feet.

If you would like more information on the real estate market in your area please reach out to me at gord@gordhonor.com