Hamilton homes some of most affordable in Canada

Survey conducted prices of 4-bedroom homes across North America

CBC News

Posted: Nov 28, 2012 9:09 AM ET

Last Updated: Nov 28, 2012 9:01 AM ET

 

Looking for a family home? Hamilton may be the place to go.

A new survey names Steel City as one of the most affordable places in Canada to live.

The average cost of a four-bedroom, two-bathroom home in Hamilton is $245,292 according to real estate company Coldwell Banker, which conducted the survey.

That ranks Hamilton 12th in Canada for family home affordability.

The survey looked at 72,000 homes across North America between January and June of this year.

"Our home listing report captures an insightful look at local market conditions and emerging trends in real estate," said John Geha, president of Coldwell Banker Canada. "Although home prices have reached record highs in many markets across Canada, there are still affordable options available to homebuyers."

Windsor, Ont., is the most affordable city in the country, according to the survey, with an average family home price tag of $170,991. Vancouver, B.C., is listed as the most expensive with the average price totaling to $1,876,414.

1) Windsor, Ont.: $170,991

2) Rimbey, Alta.: $201,950

3) Welland, Ont.: $218,354

4) New Glasgow, N.S.: $218,641

5) Amherst, N.S.: $224,662

6) Niagara Falls, Ont.: $228,858

7) Trail, B.C.: $232,300

8) Smiths Falls, Ont.: $232,343

9) Trent Hills, Ont.: $237,800

10) Cornwall, P.E.I.: $239,750

11) St. Catharines, Ont.: $243,596

12) Hamilton, Ont.: $245,292

(Average family home prices, Coldwell Banker survey.)

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