After buying a condo in the center of Toronto, out of necessity, I got a little more curious about specifics in pricing and housing costs in different US cities.
I found the Trulia housing heat map helpful, which accompanied this list of average listing price of homes, for the entire STATE’s real estate listings:
Hawaii $935,452
Wyoming $859,654
New York $761,945
California $702,176
District Of Columbia $681,335
Connecticut $643,126
Colorado $569,900
New Jersey $521,040
Massachusetts $495,533
Nevada $489,991
Utah $489,021
Montana $487,482
Rhode Island $478,896
Washington $455,489
Maryland $450,270
Florida $425,327
Arizona $424,785
Oregon $413,585
Virginia $407,792
Vermont $402,066
Delaware $398,884
Idaho $388,361
New Mexico $387,137
New Hampshire $377,144
Illinois $367,713
South Carolina $355,848
North Carolina $351,462
Alaska $340,727
Maine $325,733
Georgia $319,859
Minnesota $309,031
Pennsylvania $294,639
Texas $285,073
Tennessee $272,868
Alabama $268,668
Louisiana $256,966
South Dakota $253,015
Wisconsin $249,835
Arkansas $232,074
Missouri $230,284
Mississippi $230,016
Michigan $228,748
West Virginia $227,085
Kansas $225,135
Kentucky $218,949
Indiana $204,482
Ohio $203,996
Oklahoma $197,696
Iowa $195,452
Nebraska $194,217
North Dakota $182,284
Average price for a home in Toronto (notice it’s a major city center as opposed to the prices above which are for entire states), was forecasted to average $394K for 2008 (written just a few months ago) in a report by the CHMC. In the same report it is forcasted 2.5% YoY appreciation ‘08 to ‘09…the slowest appreciation since 1996.
For sake of reference. Density of the entire district of columbia is about 3.6 people / m^2 where as Toronto, it’s 3.9 people / m^2.
But…we have our silly (yes that’s sarcasm) 25% down or mandatory insurance policy known as CMHC. The government just made it a little more strict by forcing 5% down and maximum amortization of 35 years.
AND…Here’s why Canada should be okay…
Canadian Cities
Average House Prices
November 2007
| Province | Average House Price |
| Vancouver, BC | $566,000 |
| Calgary, Alb | $400,000 |
| Toronto, Ont | $395,000 |
| Ottawa, Ont | $277,000 |
| Montreal, Que | $242,000 |
| Halifax, NS | $209,000 |
| Regina, Sask | $200,000 |
| Fredericton, NB | $131,000 |
Canadian Provinces
Average House Prices
November 2007
| Province | Average House Price |
| British Columbia | $453,000 |
| Alberta | $353,000 |
| Ontario | $313,000 |
| Quebec | $217,000 |
| Saskatchewan | $194,000 |
| Nova Scotia | $175,000 |
| Manitoba | $173,000 |
| Newfoundland / Labrador | $146,000 |
| Prince Edward Island | $137,000 |
| New Brunswick | $134,000 |
| Canadian Average | $314,000 |
I also found this link to the NYTimes Real Estate listings search helpful, and american’s might find the MLS listings helpful.
Disclosure: Long Toronto & CANADA! 
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