What does the national average home price buy across Canada?

The national average home price of $495,100 is enough to buy a 3.3-bedroom home when averaged out across the country. But it’s a different story when buying a home for around $500K in Canada’s major cities, including Burnaby.

In the country’s six most expensive real estate markets, that amount won’t even guarantee two bedrooms, according to a new study by real estate website Point2Homes.

In terms of bang for your buck, Burnaby and Richmond came in joint second-lowest out of the whole country, at an average of 1.6 bedrooms for a budget of around $500K. Coquitlam was fourth nationally, at 1.7 bedrooms on average.

And we can all guess where that national average price buys the smallest home.

Vancouver buyers will see Canada’s lowest number of bedrooms for a budget of around $500K, at just one bedroom on average.