Average Price of a Home in Every Major Canadian City

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After the US election last week, a lot of Americans started thinking about packing up and moving north. So much so that they crashed the Canadian immigration website.

Well, that got RentSeeker.ca – Canada’s largest real estate search website and apartment finder – thinking about what it actually costs to live in Canada. More specifically, what the average house costs in every major Canadian city and therefore how much your annual household income needs to be to buy one of those houses*.

Keep in mind that Donald Trump’s presidency will likely drive these prices even higher.

A few interesting (and expected) takeaways from the info below:
1. Vancouver’s average home is the most expensive in Canada
2. An average home in Toronto will only cost you just $2,000 more than one in Abbotsford
3. Fredericton is the cheapest provincial capital to call home
4. It costs almost twice as much to buy in Mississauga as it does in Montreal
5. A home in Calgary is almost half as much as one in Kelowna
6. If you want to buy an average home in Vancouver you need a household income of more than $140,000 a year + 20% downpayment
7. To be able to afford a million dollar home anywhere in Canada you need to be pulling in roughly $170,000 + have a $200,000 downpayment lined up

Happy house hunting, Canada!

*Based the downpayment on 20% downpayment using CMHC requirement for minimum down payment for no mortgage insurance. The housing prices were based on CREA (Canadian Real Estate Association) and CMHC data.

Courtesy of Daily Hive

Teslas’ Elon Musk’s Glass Roof is the Future of Solar Energy!

Elon Musk showcased his ambitions to make Tesla Motors Inc. a clean-energy behemoth Friday, unveiling a new “solar-roof” product at Universal Studios in Los Angeles, California.

As the sun set, Musk told hundreds of guests gathered in an outside courtyard on the “Desperate Housewives” set that Tesla and SolarCity Corp., the company that he chairs and which he aims to acquire, will make solar roofs that look better than normal roofs. He then showcased several houses with solar tiles gracefully embedded. Because the tiles are fully integrated into the roofs, many guests in attendance could not tell that they were solar.

“How do we have a solar roof that is better than a normal roof, looks better, last longer,” said Musk. “You want to pull your neighbors over and say ‘Check out this sweet roof.”’

Musk’s presentation was short on details about the proven efficiency of the solar cells, the roof’s warranty, cost or when it will be available to customers. The solar roof will be offered in four styles: Textured Glass Tile, Slate Glass Tile, Tuscan Glass Tile, and Smooth Glass Tile — due to a variety of architectural choices. SolarCity’s website says production will begin in mid-2017 and that the tempered glass is as “tough as steel.”

“The solar roof consists of uniquely designed glass tiles that complement the aesthetics of any home, embedded with the highest efficiency photovoltaic cells,” said Tesla in a statement. “Customers can choose which sections of their roof will contain the hidden solar technology while still having the entire roof look the same.”

Paula Mints, chief market research analyst at SPV Market Research, questions the economics of the new offering, which can be combined with a home battery.

“Tesla announced a solar tile — not new — with battery that is priced below cost,” said Mints in an e-mail. “Basically Tesla announced another way to lose money.”

The larger idea is that homeowners will generate electricity for their home with solar power, then store that electricity in a home battery known as a Powerwall. You can “fill up” your battery during the day, then discharge it at night when the sun sets. The latest product iteration, known as Powerwall 2, weighs 269 pounds and is designed to be floor- or wall-mounted inside or outside.

Musk and Tesla Chief Technology Officer JB Straubel have long envisioned a clean-energy future of electric cars powered by an increasingly solar grid, with Tesla’s batteries optimizing both. The company also offers much larger Powerpack systems to commercial and utility customers and has deployed almost 300 megawatt hours in 18 countries to date, according to a blog post Thursday.

Battery-based energy storage has the potential to revolutionize electricity for the world’s poorest citizens in the way mobile technology disrupted the telecommunications industry. Coupled with solar panels or wind turbines, powerful lithium-ion batteries can store energy and provide electricity for the roughly 1.3 billion people worldwide who don’t have access to electricity and face what’s called “energy poverty.”
Friday’s event is part of an effort to make the case for the SolarCity acquisition to investors. More details, including financial information, will be revealed Nov. 1, when Tesla has said it plans to “create a clear picture of how a combined Tesla and SolarCity will make solar and storage as compelling as electric vehicles.”

The proposed merger has been controversial because Musk is the chairman and largest financier of SolarCity, and the boards of both companies are deeply intertwined. Shareholders are to vote on the proposed merger Nov. 17.

© 2016 Bloomberg News

Lead image credit: Tesla

For Sale: 1276 W 27th Avenue | Shaughnessy | Vancouver

First time on the market in 25 years! Well maintained home on a large, level 50×125 ft. lot (6,250 sq.ft.) with a south facing rear yard in prestigious Shaughnessy location. Surrounded by multi-million dollar homes, here is your opportunity to live in Shaughnessy with the potential to build your dream home. This home has been recently updated and includes 5 bedrooms plus office and 4 bathrooms in a desirable location. Two-level living with fully finished basement offers spacious living, dining and family rooms, bright kitchen with breakfast bar & eating area which opens to your south-facing sundeck and fully-fenced yard. This home has many original features: classic cross-hall formal living and dining room, gorgeous original hardwood flooring and wainscotting. The main level has a good-sized den, office and a 2 piece bathroom, while the upstairs features a big master with 3 piece ensuite and a second bedroom with a 3 piece bathroom. The lower level has a large recreation room, two bedrooms, 3 piece bathroom and a wine cellar. The backyard has a south-facing sundeck and detached 2.5 car garage with lane access. Central location, close to King Edward Mall, Queen Elizabeth Park & all amenities along Oak St, Cambie St & Granville St. Great schools: Emily Carr Elem., Eric Hamber Sec. Vancouver College, Little Flower Academy & UBC.

Are you or anyone you know considering a move…anywhere?

Did you know…

I can assist you with buying or selling real estate outside our local market.

Macdonald Realty is a member of Leading Real Estate Companies of the World®, North America’s #1 Network of Independent Brokerages. This network represents market-leading real estate companies with the highest calibre of associates, the best levels of service and the same quality of care you have come to expect from our working relationship.

Let me introduce you, a family member or a friend to a carefully selected associate that will provide you with extraordinary service.

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This Ikea-Style Home Can Be Built Using Nothing But A Screwdriver!

PopUp House, a French design studio has created the world’s first— well— popup house. Requiring zero power tools or heavy machinery, the little domain can be made from insulation blocks, treated lumber, and wood screws. Best of all, it looks hell of dope, for lack of a better term.

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The materials making up the frame cost about 300€-360€ (that’s approx. $442 – $531) per square meter of floor area. A turn-key house ends up costing you 1300€- 2000€ (that’s approx. $1,918- $2,951) per square meter, but the option to finish it yourself would cut your cost to about half that.

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The whole frame can be put together in just one week, using just a screwdriver. If you’re itching to call one of these beautiful homes yours, you’re out of luck (unless you live in France). The company does plan on expanding to the UK and US in the near future, although details concerning a timeline are not forthcoming. 

Time to practice by putting together some Ikea furniture. Happy Building!

New Listing at 12753 Gulfview Road | Madeira Park | BC

12753 Gulfview Road | Madeira Park | BC | Offered at $995,000

Welcome to Paradise! The main focus of this stunning 7 yr old home is the spectacular mountain and ocean views of Malaspina Strait, the ‘Gulf’ & Texada Island, Pender Harbour & beyond! Situated at the top of a hill on a 0.81 acre lot overlooking Garden Bay, this architectural masterpiece offers all-day sun exposure and has been custom designed to the finest detail. With lots of natural light, the main level offers an expansive and contemporary open-living plan connecting the living, dining and chef-inspired kitchen with top of the line stainless-steel appliances to the entertainment balcony surrounded by the breathtaking views. This is truly an entertainer’s dream! The master bedroom includes: a designer dressing room, separate entrance to the balcony and a spa-inspired ensuite with heated floors, marble countertops, a rain shower with hand picked pebble floors and couples-jetted bathtub offering more expansive water views. Other features include: Quebec Maple hardwood floors and hand-picked stone flooring in the living areas, wool carpets in the bedrooms and lots of storage solutions throughout, this home was built with environmental sustainability in mind with a heating/cooling heat pump and air conditioning system, locally sourced materials and an extra generator. This is truly a one of a kind home and MUST be seen to be fully appreciated!