Quote:
Originally Posted by yuriandrade
That’s an interesting question, I don’t know the answer, but I can throw some numbers for São Paulo. I will work with nominal USD as it’s more tangible.
Brazilian GDP per capita is on US$ 10,000 (the US is near US$ 60,000, Canada around US$ 50,000). São Paulo metro area is twice as higher, at US$ 20,000 and 3x lower than the average big North American metro area.
São Paulo sq meter (1sq m = 9sq feet) in those highrises districts is selling for R$ 20,000 (US$ 5,000). Not sure how that would compare with North American metropolises whether it’s relatively cheaper or more expensive. A person working on construction will make R$ 3,000 (US$ 750) plus benefits. Don’t know either how it compares, but I guess it’s more expensive than North America.
Zoning laws in São Paulo are relatively strict and unlike the general impressions, less than 30% of households are apartaments. Brazilians tend to like better/solid building materials and cities made by dry walls are unimaginable down here.
I guess it might have shed some light on this matter.
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That's R$ 3,000 per month right? So US$ 9000 per year?
It seems average construction worker salaries in Canada are around US$ 35000 to US$ 40000 per year... apparently (that seems lower than expected to me though).
Costs for relatively new/newish condos vary from about US$ 7500- US$ 8000 per square meter in downtown Toronto to around US$ 6000 per square meter in its suburbs and around US$4500 in the city of Kitchener-Waterloo about 100km away.
In Vancouver, it would be around US$ 10000 to US$ 11000 in downtown to around US$ 6500 to US$ 7000 per square meter in outlying suburbs like Surrey.
In what way are the regulations strict in Sao Paulo? Are highrises limited to only certain areas? They seem to be scattered around among a lot of predominantly lowrise areas in the city.
For people not familiar with Sao Paulo, I'm mostly talking about buildings like these.
https://www.google.com/maps/@-23.549...7i13312!8i6656