Why are the homes on Buying and Selling so much? I understand they film some in Canada but are prices that much different than the states? Their $500,000 houses are like $200,000 houses in most states.
I read these comment all the time and I'm completely baffled. This isn't anything new. There are more job opportunities in urban areas and the salaries are often higher. So based on the most rudimentary basics of supply and demand, real estate is more expensive the closer you get to a financial hub. It happens everywhere, but it is even more noticable in countries where the next large metropolis is a considerable distance away. Small housing pool in desirable area means higher prices. It's so basic I can't believe how many people don't get it.
Posts: 1803 | Location: Morristown | Registered: Jun 12, 2010
Canada, is also more European in their culture and their way of life. In most of Europe, people don't live in the suburbs, they live in the city or just outside that city. You just need to look at the prices of apt. or properties in many of those countries when they show, House Hunters International.
Isn't that what we were saying.? A house in NYC has a different price than one in Alabama. Same anywhere. Big cities, big prices, I was making the comment that both Europeans, and Canadians tend to live in the city and not in the suburbs.