It turns out that Canada’s home prices are not as expensive as you think when compared globally. A recent survey shows the most expensive real estate is in Hong Kong, where the average single family home costs C$3,570 per square foot, followed by Beijing at $1,005.31 and Shanghai at $955.39.
For condos, Hong Kong also leads at $2330.80 followed by Saudi Arabia at $1,479.92 and San Francisco at $1,454.57. By comparison, a downtown condo in Toronto averages $833.20 per square foot. http://www.repmag.ca/market-update