Toronto is one of the most expensive Canadian housing markets, with 29% of its homes above the $1 million threshold. And with an average selling price of $818,201 CAD, a Toronto home is almost twice as expensive as the average Canadian residence. Maybe you’ve toyed with the idea of cashing out of your Toronto home and moving someplace new. And with so many amazing locations and fascinating cultures to choose from, you might need a little help making up your mind.
That’s why we thought it would be a neat idea to show you what you can buy for the same price in 25 other attractive locations across the globe. Needless to say, some of our findings were quite surprising. For instance, in countries such as Costa Rica or Mexico $818,201 CAD will buy you a luxurious estate. And if you think the Toronto real estate market is seriously overheated, you’ll be surprised to find out that $818,201 CAD will only get you an 882 sq.ft. apartment in Nice, France.
If we’ve stirred your curiosity, buckle up and let us take you on a global tour. Click on each country on the interactive map and see what $818,201 CAD ($644,531 USD) will get you around the world:
Portugal, Algarve, 3 bedrooms, 3 bathrooms
For the average price of a Toronto home, in Portugal you’d be able to purchase a 2-storey townhouse located in a private residential area, with access to a wide array of amenities. Taking advantage of its beautiful surroundings and the warm climate, the property also features a generous garden with a swimming pool.
UAE, Dubai, 2 bedrooms, 2 bathrooms
Dubai offers a fully furnished 2-bedroom, 2-bathroom apartment, set less than one mile from the beach. Featuring community amenities such as a private swimming pool and a gym, and boasting plenty of living space and a modern interior design, this property takes the art of fine living to a whole different level.
Russia, Moscow, 2-storey home
In Russia, you can enjoy a 4,843 sq.ft. villa, which impresses through its grandiose design and exquisite interior. Surrounded by lush vegetation and situated just outside Moscow, it is the perfect getaway for when you want to escape the hustle and bustle of the big city.
The United States, Los Angeles, 5 bedrooms, 3 bathrooms
Situated in a popular location and complete with state-of-the-art finishes, this Los Angeles property offers everything you might need for a family home: 5 bedrooms, an upgraded kitchen, plenty of living space, and a spacious garden that you and your children won’t be able to resist.
Bahamas, Abaco, 3 bedrooms, 2 bathrooms
Set in one of the most desirable communities in Abaco, Bahamas, this is a unique home, which impresses through its open living layout, perfect for entertaining guests and family. To make things even better, the property is within walking distance of all the finest restaurants and shops and the Abaco Beach Resort, making it easy for you to enjoy the vibrant Bahamas lifestyle.
Malta, Mellieha, 3 bedrooms
With its warm climate, stunning views and rich culture, Malta is one of Europe’s most sought-after destinations. You can enjoy the beauty of this country right from the terrace of an exquisite 3-bedroom penthouse, with easy access to all nearby amenities
China, Hangzhou, 2 bedrooms
In one of its best locations, the city of Hangzhou offers a 1,005 sq.ft. apartment with a tastefully decorated interior and plenty of living space. The property features a spacious living and dining area and 2 bedrooms, perfect for a small, city-loving family.
Greece, Mykonos, 4 bedrooms, 4 bathrooms
Experience the authentic Greek lifestyle in a stunning property, located one mile from the beach, with endless views of the Aegean horizon. The home combines the best of traditional Mykonian architecture with modern home design, remaining faithful to the rich cultural heritage of the area.
Mexico, Quintana Roo, 3 bedrooms, 3 bathrooms
Mexico boasts a breathtaking beachfront villa, a true statement of luxury. Located right on the beach, this 4,000 sq.ft. property has spectacular views of the ocean and the surrounding wildlife, and takes full advantage of Mexico’s exoticism and beautiful nature. On top of it all, the impressive property comes at the average price of a Toronto home. Hard to believe, right?
Romania, Bucharest, 4 bedrooms, 4 bathrooms
Situated in a popular residential area, away from the hustle and bustle of the city centre, this luxurious Bucharest property has a very modern design. Among other things, it features an open floor plan, large windows, an inviting living space, and a beautifully manicured garden.
Costa Rica, Puertocito, 4 bedrooms, 4 bathrooms
Enjoy the beauty of nature in a spectacular 3,466 sq.ft. property, with easy access to the surrounding beaches and spectacular views of the jungle wildlife. The property combines privacy with convenience, being located just minutes away from restaurants, shops, galleries and, not to mention, some of the best schools.
Chile, Santiago de Chile, 4 bedrooms, 4 bathrooms
Located in a well-established living area, Santiago de Chile features a spacious home, completed by tasteful decorations. Perfect for growing a family, the home also comes with a large backyard and a swimming pool, and is conveniently located near schools and kindergartens.
Notodden, Rælingen, 3 bedrooms
In Norway, $818,201 CAD will buy you a spacious property surrounded by breathtaking vegetation and located just a stone’s throw away from the local university. The property also features three apartments with 2 bedrooms each, perfect for rental income.
Saudi Arabia, Al Dammam, 4 bedrooms, 3 bathrooms
For the price of an average Toronto home, Saudi Arabia offers a luxurious villa with hotel-like services. Located in a private gated community, surrounded by lush vegetation and with amazing views of the nearby lake, the state-of-the-art home is bound to impress even the pickiest of buyers.
Morocco, Marrakech, 3 bedrooms
In Marrakech, $818,201 CAD will get you a breathtaking property, set in lush vegetation, and with clear views of the Atlas Mountains. Combining modern design with traditional elements, the luxurious home captures the best of Moroccan culture, while also bringing an array of premium amenities to the table.
UK, London, 4 bedrooms
South of London, in the peaceful town of Coulsdon, you can enjoy a 3-storey terraced home in a convenient location, on the popular Netherne on the Hill development. Enjoy the peace and quiet of the countryside, while living in a thriving community, with access to a bevy of modern amenities, which include a gym, a swimming pool, tennis courts and a children’s playground.
Spain, Costa Brava, 4 bedrooms, 3 bathrooms
Spain features a 3,670 sq.ft. villa, located in a quiet residential area, next to the fishermen’s town of St. Feliu de Guixols, and just two miles from the beach. The sun-drenched property, which impresses through its modern, minimalist design, features 4 bedrooms, a fully equipped kitchen, a spacious living room and even a swimming pool.
India, Gurgaon, 3/4 bedrooms
Comfort is king in this 3/4-bedroom apartment located in one of Gurgaon’s most exclusive residential projects. The luxurious residential complex boasts some of the best amenities available, which include 24h security, private parking, a reading room and even a jogging track.
Mauritius, Riviere Noire, 3 bedrooms, 3 bathrooms
Surrounded by lush vegetation and with spectacular mountain views, this breathtaking property is an oasis of tranquility. Complemented by a spacious garden with a private swimming pool, the tastefully decorated villa combines the best of Mauritian culture with modern design.
Australia, Canberra, 4 bedrooms, 2 bathrooms
Australia features a luminous, state-of-the-art family home, located next to parks, schools, shopping and entertainment in one of Canberra’s fastest growing suburbs. The house itself boasts three large separate living areas, a peaceful frontage, a custom kitchen and four bedrooms.
Croatia, Split, 3 bedrooms, 3 bathrooms
Set in an exquisite location, with a fantastic view of the historic town of Hvar and the sea, Croatia features a modern villa, which impresses through its minimalist design, characterized by the use of glass and open spaces.
France, Nice, 882 sq.ft.
This French property might be small, but its location makes up for that. Enjoy having a variety of shops, the best schools and restaurants right at your fingertips, in the very heart of Nice.
South Africa, Johannesburg, 4 bedrooms, 3 bathrooms
South Africa offers a spacious home, complemented by incredible landscaping and an elegant, one-of-a-kind interior. For the same price as a Toronto home, the 7,534 sq.ft. property also comes with a separate guest suite, an upstairs study, a games room and even hotel-like services.
Ireland, Durrow, 5 bedrooms, 2 bathrooms
Play out your historical fantasies in an elegant late Georgian country home built in the Regency style, near to the thriving heritage town of Durrow. The impressive property, built in 1801 and located within peaceful rural surroundings, is a dream come true for all the retro aficionados looking to buy a home.
Japan, Tokyo, 3 bedrooms, 1 bathroom
Conveniently located just 10 minutes away from Shinagawa station, one of Tokyo’s major transportation hubs, this apartment is the perfect home for a small, city-dwelling family. Set on the 40th floor of the City Tower Shinagawa, with spectacular views of the city, this spacious 3-bedroom home benefits from all the facilities that the prestigious development has to offer: a nursery, a party room and even concierge services.
Photos via Shutterstock.com
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