My wife and I had a fair line of credit going ourselves. But there was no turning back. Our son’s dream of the hockey big time was coming true. Add in a builders profit margin and tax, and you are looking at 170 for a decent house in a cheap area. The 250k is an average, so even it out with areas like York, Oxford, etc and it’s not too far off the mark. Obviously large builders get economies of scale, so that’s why large new developments can be cheaper. 250k for a house is a lot of money, but if you go to a basic house build price calculator you will see that to build a house is actually a fairly expensive process. A small house for the structure alone is expensive. A compact house of say 130 squared meters can cost around 120k.
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