inexpensive compared to other major cities in the world.
We just returned from Paris and London. I browsed through some real estate
magazines while we were in Paris, average prices for a one bedroom flat of
about 75square meters (about 800 square feet) were about 450 to 600 thousand
Euros! In London, in a nice area of town, about 700 thousand pounds! The
same condo in Mississauga would be about $190,000
The most expensive house on the market in London's exclusive area of
Belgravia is currently for sale at 100 million pounds, but for that you get
6 floors, including basement, about 20,000 square feet and 2 parking spots.
It's an attached home, not detached, almost zero land to speak of and you
have to pay a land lease to the owner of the land, the Duke of
Westminster... think of the cash he rakes in a year! The same 20,000 square
foot house in Mississauga would be about $10 to $20 million and that would
get you huge piece of land and plenty of parking!
So don't worry, our real estate in Canada is cheap compared to other major
cities, just keep buying more and you can't go wrong in the long run.
All the best!