Coldwell Banker Real Estate LLC has recently released their annual report of home prices. The report tracks the price of a four-bedroom, two bathroom home in various markets across North America. You can view the complete data that the press release below is compiled from at this link: HLR.ColdwellBanker.com/FullData.aspx.

According to the report the average price for a 4 bedroom, 2 bathroom home in Kitchener-Waterloo is $347,757 CDN.

Coldwell Banker Issues Home Listing Report of Most Expensive and Affordable Housing Markets for 'Aspirational' Homes

BURLINGTON, ON (Sept. 22, 2010) - Coldwell Banker Real Estate LLC today released its Home Listing Report (HLR), a snapshot survey of four-bedroom, two-bathroom home listings in Canada and the U.S. Reporting on a home size many homebuyers would aspire to own - the HLR found a $1.7 million difference between North America's most expensive and most affordable housing markets.

"Newport Beach, California ranks Most Expensive in North America for four-bedroom/two-bath home prices; Vancouver tops Canadian market list. Windsor scores Canada's most affordable four-bedroom/two-bath home prices; while across the river, Detroit, Michigan, Is Most Affordable Market in North America."

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Newport Beach, Calif., led the list of most expensive real estate markets, with an average listing price for four-bedroom/two-bathroom homes of $1,826,348 US. Vancouver, BC was the only Canadian city in the North American top ten, posting an average price of $1,324,000 CDN ($1,289,179 US). North America's most affordable housing market was Detroit, Mich., with an average four- bedroom/two- bath home listing price of $68,007 US. The HLR is the latest development from Coldwell Banker to provide comprehensive information on real estate data from across Canada and the U.S. It provides the average home listing price for four-bedroom, two-bathroom properties on coldwellbanker.com listed between February and August 2010 from nearly 300 U.S. and over 20 Canadian markets. Markets included in this report had to have at least six properties fitting the above description listed within a recent six-month timeframe and a Coldwell Banker presence.*

"Coldwell Banker has released local real estate market reports annually for many years to provide consumers with insight into local market conditions," said John Geha, president of Coldwell Banker Canada Operations ULC. "Our study shows that due to a wide diversity of home types in major Canadian markets, a four-bedroom two bath home is still within reach for many Canadians. In densely populated urban centers where condos, townhouses, and semi-detached homes provide a variety of alternatives for those looking for a four bedroom home, there are surprisingly affordable options available. Those who have financial security and a lifestyle reason to move have a unique opportunity to take advantage of historically low mortgage interest rates. And in many markets, home prices are now beginning to stabilize, and as inventory improves, buyers will have more to choose from."

"Looking at the pricing of four-bedroom homes across North America, there are some incredible opportunities in U.S. property right now," Geha continues. "Canadians who may be thinking of buying property south of the border will find there are a great many options available to them in price ranges not seen here in Canada."

2010 Coldwell Banker HLR - Highlights

. Western Canada in price forefront: Of the Canadian markets included in the report, Western Canada continues to be a price leader. In British Columbia, the average price of a four-bedroom, two-bathroom listing in Kelowna and Burnaby reached $916,697 and $705,746 CDN respectively.

. Fort McMurray outpaces other Alberta leaders: A booming job market in Fort McMurray kept four-bedroom, two bathroom homes at the forefront of Alberta prices at $593,390 CDN, outdistancing Calgary and Edmonton at $551,920 CDN and $452,628 CDN respectively.

. Vancouver in North American top ten: Established Canadian home price leader, Vancouver* reported an average price of $1,324,000 CDN ($1,289,179 US)** for a four-bedroom, two-bath 'aspirational' home. Vancouver was the only Canadian city to make the North American top ten rankings.

. Diverse housing options in Ontario: In Ontario, four-bedroom, two-bathroom homes showed surprisingly affordable pricing in some of the province's more densely populated urban centers such as Toronto ($495,398 CDN ) and Mississauga ($393,691 CDN), where condo units provide an appealing option for buyers wanting a four-bedroom home in the city, without the price of a large lot.

. Canada's most affordable seeks out-of-market buyers: The most affordable market in Canada for a four-bedroom, two-bathroom home was Windsor, Ontario ($158,242 CDN), across the river from North America's most affordable market, Detroit, MI. Both markets have been affected by the recent auto industry woes. Windsor presents an affordable alternative for out-of-market buyers, such as retirees and individuals who have the freedom to work from home. The market combines one of Canada's warmer climates, proximity to Ontario's fruit land and wine country, and features such as cross-border shopping.

. Affordable U.S. property a 'bargain' for Canadians: Canadians thinking of buying property in the U.S. will be pleased to find a large number of markets where homeownership is at very affordable levels. In total, there are 85 U.S. markets in the HLR with average reported listing prices less than $200,000 US for a four-bedroom, two-bathroom home. There are 183 U.S. markets that are less than $300,000 US. These markets include many 'sunshine state' destinations sought after by Canadian 'snowbirds'.

*The HLR also includes U.S. residential listings from other subsidiaries of Realogy Corporation that fit the same bed-and-bath criteria.

**Currency rates were calculated on xe.com on September 14, 2010, and rounded to the nearest dollar amount.