Vancouver is Canada's most expensive housing market, with average prices for a four-bedroom, two-bathroom home coming in at over $1.546 million, according to the Coldwell Banker Real Estate Home Listing Report.
The report, released Wednesday, is a snapshot survey of average listing prices for four-bedroom, two-bathroom homes in 70 Canadian markets over a six-month period from September 2010 to March this year on coldwellbanker.com.
Vancouver was followed by Kelowna, B.C., at $1.087 million and Burnaby, B.C., at $797,455.
Fort McMurray, Alta., was fourth overall at $652,382 followed by West Kelowna, B.C., ($640,055), Oakville, Ont., ($624,914), Victoria ($540,087), and Surrey, B.C., ($536,109).
Calgary is ranked the ninth, with an average price of $534,912. Sherwood Park, Alta., rounded out the top 10 at $534,850.
In the survey, Vancouver was ranked the third most expensive market in North America behind California's Newport Beach ($2.5 million US) and Pacific Palisades ($1.6 million US).
Windsor, Ont., was Canada's most affordable market at $144,456.
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