Editor's note:
An earlier version of these tables included incorrect figures
3 bedroom vs 1 bedroom unit: current conditions
| 1,000 sq.ft. | 600 sq. ft. | Cost Differential | |
|---|---|---|---|
| Net Purchase Price | $475,000 | $285,000 | $190,000 |
| Gov’t Fees & Charges | $75,000 | $63,000 | $12,000 |
| Total Purchase Price | $550,000 | $348,000 | $202,000 |
Cost comparison: 3 bedroom vs 1 bedroom unit: Reduce government fees
Reduce government fees by 75 per cent for 3 bedroom units / increase fees on one bedroom by 25 per cent
| 1,000 sq.ft. | 600 sq. ft. | Cost Differential | |
|---|---|---|---|
| Net Purchase Price | $475,000 | $285,000 | $190,000 |
| Gov’t Fees & Charges | $18,750 | $78,750 | ($60,000) |
| Total Purchase Price | $493,750 | $363,750 | $130,000 |
| Avg Adjusted Purchase Price | $494 psf | $606 psf | $112 psf |