Save $2-million on your next home

Save $2-million on your next home.
The glitz and glamour of Beverly Hills, Calif., seems worlds away from the tranquil seaside scene in Charlottetown, PEI. But, for prospective home buyers, the difference works out to $2-million (U.S.). A comparison of home prices across 331 North American markets by Coldwell Banker Real Estate LLC, released Wednesday, found that Beverly Hills was the most expensive place on the continent in 2007 to buy a middle-of-the-road house, with an average price tag of $2.21-million. On the other end of the spectrum, Charlottetown was the most affordable of all of the Canadian markets studied. A comparable house in PEI"s capital city — the study looked at homes with an average 2,200 square feet, four bedrooms, and two-and-a-half baths — came in at just $157,630.