Daily Hive: National average home cost not enough to buy 3 bedroom in most major cities

It’s no secret that homes in Canada’s are not cheap, especially in large urban centres. Now, a new report from the online real estate marketplace Point2Homes paints a picture of what the average national home price (set in April at $495,000) can get you across the country. The report found that on a nation-wide level, the Canadian average home price ($495,100) buys 3.3 bedrooms. However, in almost half of the country’s 50 largest cities, this price tag secures less than 3 bedrooms. Moreover, the six priciest real estate markets in Canada don’t even guarantee 2 bedrooms for that amount of money. Read more...