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New homes here are running just over $100 per square foot depending, of course, on what options you want in the home. You can find used homes in nice neighborhoods for less.
It's hard for me to understand how people can afford to pay the prices here. It is so much worse for you there. Perhaps things will change in a few years. You know our bubble burst in many parts of the US and housing prices have dropped. Sounds like you are in one of the areas where housing is over priced, and it may come down at some point.
Beware of the terms of the no down payment mortgage. Just look at our financial news and you can see what can happen if you don't have a fixed interest rate.
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 Marilyn If anyone would like a free Bible Study CD or book entitled "Searching for Truth", PM me with your mailing address and I'll send you one. "And you shall know the truth and the truth shall set you free." John 8:32
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