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What An Average Canadian House Will Buy You Around The World

From Palace To Parking Spot: What Average Canadian House Will Buy You Around The World
Daniel Tencer

The average house price in Canada hit $413,000 in June, an all-time record and a 7-per-cent jump from a year earlier. The average home in Canada today is worth $100,000 more than it was just five years ago. Little wonder many experts are wondering whether there is a correction in the cards.

Looking at residential markets around the world, Canada looks expensive for sure. For the average house price in Canada, you can buy a mountain chalet in central Europe, a country house in the south of France, or a slick upscale bungalow in South Africa.

But that same amount of money would only get you a modest 500-square-foot apartment in south London, or a 400-square-foot studio apartment in lower Manhattan. So we can take comfort knowing that, while prices may be high, they're not the highest in the world.

Check out the video above to see what an average Canadian house will get you around the world.

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Most Expensive Cottage Countries In Canada (2014)
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Eastern Townships, Quebec: $525,000(02 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Pigeon Lake, Alberta: $575,000(03 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Wikimedia Commons)
Muskoka, Ontario: $650,000(04 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Sunshine Coast, B.C.: $650,000(05 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Kelowna area, B.C.: $700,000(06 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Vernon area, B.C.: $900,000(07 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Gulf Islands, B.C.: $1 million(08 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Mont-Tremblant, Quebec: $1.5 million(09 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Southwestern Ontario: $2.45 million(10 of121)
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Upper end of a "typical" price range for a waterfront cottage.Source: Royal LePage, 2014 (credit:Getty)
Lake Rosseau Estate(11 of121)
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Be ready to pay out the nose if you want to stay here. This estate rental on Lake Rosseau has everything you could possibly want in a vacation rental, and even a few features you might find in an amusement park. It has a lakefront house and a two-story boathouse/studio apartment, with 12 bedrooms in total. There's a 200-foot waterslide, a 55-foot-high rock climbing wall, 33-foot-high jumping platform, a gourmet kitchen, formal dining area, and much, much more.$40,000 per week. Listing here. (credit:HomeAway.com)
Lake Rosseau Estate(12 of121)
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Lake Rosseau Estate(13 of121)
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Lake Rosseau Estate(14 of121)
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Lake Rosseau Estate(15 of121)
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Lake Rosseau Estate(16 of121)
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Lake Rosseau Estate(17 of121)
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Lake Rosseau Estate(18 of121)
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Lake Rosseau Estate(19 of121)
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Lake Rosseau Estate(20 of121)
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Lake Rosseau Estate(21 of121)
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Lake Rosseau Estate(22 of121)
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Lake Rosseau Estate(23 of121)
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Lake Rosseau Estate(24 of121)
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Lake Rosseau Estate(25 of121)
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High Lake Cottage(26 of121)
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Six beds and six bathrooms, five of which are en suite, in a home that sleeps 16 on a private island in the Muskoka Lakes region.$8,249/week. Listing Here. (credit:HomeAway.com)
High Lake Cottage(27 of121)
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High Lake Cottage(28 of121)
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High Lake Cottage(29 of121)
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High Lake Cottage(30 of121)
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High Lake Cottage(31 of121)
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High Lake Cottage(32 of121)
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High Lake Cottage(33 of121)
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High Lake Cottage(34 of121)
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High Lake Cottage(35 of121)
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High Lake Cottage(36 of121)
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High Lake Cottage(37 of121)
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Rosseau Cottage(38 of121)
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A five-bedroom cottage in the Muskokas. There are five bedrooms (two masters with en suite bathrooms), a home gym and a private dock. $7,500 per week. Listing here. (credit:HomeAway.com)
Rosseau Cottage(39 of121)
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Rosseau Cottage(40 of121)
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Rosseau Cottage(41 of121)
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Rosseau Cottage(42 of121)
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Rosseau Cottage(43 of121)
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Rosseau Cottage(44 of121)
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Rosseau Cottage(45 of121)
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Rosseau Cottage(46 of121)
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Rosseau Cottage(47 of121)
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Rosseau Cottage(48 of121)
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Rosseau Cottage(49 of121)
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Rosseau Cottage(50 of121)
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Rosseau House(51 of121)
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Rosseau House on Morgan Bay is a timber frame cottage. It promises crystal clear water, a granite cliff, a flat stone ledge and flagstone steps taking you down to the dock. Three bedrooms could sleep seven people.$4.800 per week. Listing Here. (credit:HomeAway.com)
Rosseau House(52 of121)
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Rosseau House(53 of121)
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Rosseau House(54 of121)
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Rosseau House(55 of121)
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Rosseau House(56 of121)
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Muskoka Sunsets(57 of121)
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This 3,000-square-foot cottage on Lake Joseph can sleep 11 in five bedrooms. It has a boathouse with a large sundeck, a dock for swimming and a sandy beach. Inside you'll find a high-ceilinged living room, satellite television and a games room with walkout.$5,500 per week. Listing here. (credit:HomeAway.com)
Muskoka Sunsets(58 of121)
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Muskoka Sunsets(59 of121)
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Muskoka Sunsets(60 of121)
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Muskoka Sunsets(61 of121)
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Muskoka Sunsets(62 of121)
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Muskoka Sunsets(63 of121)
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Lake Rosseau Exclusive Private Island(64 of121)
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Leave the world in your dust as you escape to this private island on Lake Rosseau, where you'll find a three-bedroom main cottage and separate quarters in the boathouse. It sleeps 10 in total, has an open-concept kitchen, two-story fireplace and three decks.$5,500 per week. Listing here. (credit:HomeAway.com)
Lake Rosseau Exclusive Private Island(65 of121)
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Lake Rosseau Exclusive Private Island(66 of121)
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Lake Rosseau Exclusive Private Island(67 of121)
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Lake Rosseau Exclusive Private Island(68 of121)
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Lake Rosseau Exclusive Private Island(69 of121)
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Lake Rosseau Exclusive Private Island(70 of121)
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Lake Rosseau Exclusive Private Island(71 of121)
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Lake Rosseau Exclusive Private Island(72 of121)
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Lake Rosseau Exclusive Private Island(73 of121)
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Lake Rosseau Exclusive Private Island(74 of121)
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Lake Rosseau Exclusive Private Island(75 of121)
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Parry Sound Cottage(76 of121)
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Open the door to this gorgeous getaway on the shores of Big Sound in Georgian Bay and the first thing you see is a 680-square-foot living room with cathedral-style ceilings and floor-to-ceiling windows. Beyond that you'll find a den with oak cabinets and a built-in bar, and a two-sided fireplace that is shared with the master bedroom. There's a family room with games, TV and bar area, a sauna, and finally, a three-slip "Ironworker" dock and deep water harbour.$5,999 per week. Listing here. (credit:HomeAway.com)
Parry Sound Cottage(77 of121)
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Parry Sound Cottage(78 of121)
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Parry Sound Cottage(79 of121)
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Parry Sound Cottage(80 of121)
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Parry Sound Cottage(81 of121)
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Parry Sound Cottage(82 of121)
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Parry Sound Cottage(83 of121)
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Parry Sound Cottage(84 of121)
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Parry Sound Cottage(85 of121)
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Parry Sound Cottage(86 of121)
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Parry Sound Cottage(87 of121)
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Parry Sound Cottage(88 of121)
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Parry Sound Cottage(89 of121)
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Parry Sound Cottage(90 of121)
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Parry Sound Cottage(91 of121)
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Parry Sound Cottage(92 of121)
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Parry Sound Cottage(93 of121)
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Parry Sound Cottage(94 of121)
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Breakwater Estate(95 of121)
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This lovely cottage on Tondern Island was built in 1896 but renovated and upgraded in 2002. With 17 bedrooms between the main cottage and the boathouse, it can sleep as many as 24 people. Beyond that, it has amenities such as a 300-foot, western-exposed dock, a backyard with a volleyball court and trampoline, and a waterfall. $25,000 per week. Listing here. (credit:VRBO.com)
Breakwater Estate(96 of121)
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Breakwater Estate(97 of121)
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Breakwater Estate(98 of121)
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Breakwater Estate(99 of121)
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Breakwater Estate(100 of121)
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Breakwater Estate(101 of121)
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Breakwater Estate(102 of121)
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Breakwater Estate(103 of121)
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Breakwater Estate(104 of121)
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Breakwater Estate(105 of121)
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Breakwater Estate(106 of121)
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Cedar Ridge Lodge(107 of121)
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One of Canada's largest log "cabins." This 18,500-square-foot Cedar Ridge Lodge in Georgian Bay offers luxury in the confines of a spectacular home made of Great Eastern White Pine. There are six bedrooms, plus additional sleeping quarters in the guest house, enough space for 20 people. Six-hundred and fifty square feet worth of waterfront offer an outdoor bar, cabanas and volleyball court. One of its most striking features is a basement with a 20-seat Irish bar, pool table, hockey table, shuffleboard and foosball.$15,000 per week. Listing here. (credit:VRBO.com)
Cedar Ridge Lodge(108 of121)
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Cedar Ridge Lodge(109 of121)
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Cedar Ridge Lodge(110 of121)
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Cedar Ridge Lodge(111 of121)
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Cedar Ridge Lodge(112 of121)
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Cedar Ridge Lodge(113 of121)
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Cedar Ridge Lodge(114 of121)
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Cedar Ridge Lodge(115 of121)
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Cedar Ridge Lodge(116 of121)
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Cedar Ridge Lodge(117 of121)
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Cedar Ridge Lodge(118 of121)
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Cedar Ridge Lodge(119 of121)
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Cedar Ridge Lodge(120 of121)
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Cedar Ridge Lodge(121 of121)
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