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You do have be a point there. However, if it were new hardware it would probably be aroudn $200 or so more expensive.
Also I don't know the exchange rate between euros and Canadian money so I'm kinda grasping at straws.
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1 Canadian dollar = 0.7712 euros. Though it seems pricing usually manifests this as 1£=2$CAN.
Also, 360 (Core Model, the cheaper option) was EU209.99. Just saiyan.
Thus I formally refuse to pay Five hundred fine Canadibucks just to play Zelda on the toilet. Can't do it, sorry. Maybe if Pikmin was a launch title.
But who plays Zelda anyway? Huh, right? Huhuhuh.