In the diverse landscape of Canadian real estate, the allure of investing in property remains as strong as ever.
As the country's housing market continues to evolve, many aspiring homeowners and investors find themselves pondering a crucial question: What does $1 million buy in the Canadian real estate landscape?
A recent report from Zoocasa compared what $1 million can buy you in Canada and the US, demonstrating that homes available in Canada at this price point are as varied as the cities they’re in, and reveal the difference in buying power between provinces.
As Canada continues to deal with low inventory which is keeping prices relatively high, real estate in some cities is more affordable than others, with average home prices sitting below the current national average of $716,000.
Read on to see how far $1 million can take you in various Canadian real estate markets, according to Zoocasa.
British Columbia
901 – 555 Jervis Street, Vancouver BC – $999,000
Property details:
- 2 beds, 2 baths, 1 parking
- Condo Apartment
- Walking score 85/Transit score 99
With beautiful views of the North Shore Mountains, Stanley Park and the Marina, this home is a rare find. Featuring a bright and spacious open-concept floor plan, floor-to-ceiling windows, renovated flooring and bathrooms, and located near plenty of attractions, this condo is one-of-a-kind.
View the listing here.
3429 272 Street, Langley BC – $999,000
Property details:
- 4 beds, 3 baths, 8 parking
- Detached
- Walking score 40/Transit score 35
This family home is located near several amenities and has undergone a lot of renovations. Recent upgrades include a newer kitchen with stainless steel appliances, new flooring, new paint, and two new bathrooms. The large backyard is fully-fenced – perfect for relaxing or playing.
View the listing here.
Alberta
9131 141 St Nw, Edmonton AB – $999,900
Property details:
- 4 beds, 4 baths, 4 parking
- Detached
- Walking score 28/Transit score 41
This mid-century, custom-built home comes with immense style. Perfect for a large family, the two-storey home boasts a fully-finished basement with games room, a private backyard with a covered patio area, and a main floor laundry room.
View the listing here.
6411 Laurentian Way Sw, Calgary AB – $998,500
Property details:
- 3 beds, 2 baths, 4 parking
- Detached
- Walking score 11/Detached score 49
This sleek, contemporary home has been beautifully renovated with vinyl plank flooring, modern glass-railed stairs, wood burning fireplace and quartz countertops. The luxurious primary bedroom has a spa-like ensuite with an oversized shower and an abundance of shelving.
View the listing here.
Ontario
12 Rhyl Ave, Toronto ON – $999,900
Property details:
- 3 beds, 1 bath, 1 parking
- Semi-detached
- Walking score 84/Transit score 72
Extensively renovated in 2020, this remarkable 2-storey home is located on a quiet street in the heart of The Beaches. A manicured front yard will first welcome you to the home. Stepping inside, you’ll see the spacious main level, featuring high ceilings, light hardwood flooring and an open floor plan. Upstairs are the three bedrooms and an updated 3-piece bath.
View the listing here.
62 Oak Hill Dr, Cambridge ON – $999,900
Property details:
- 4 beds, 4 baths, 4 parking
- Detached
- Walking score 3/Transit score 33
Experience comfortable living in this 2-storey home. Recent renovations include new flooring, a refreshed kitchen, and a fully-finished basement with a large recreation room. Step outside to relax in the heated in-ground pool.
View the listing here.
Nova Scotia
2635 Dublin Street, Halifax – $999,900
Property details:
- 4 beds, 2 baths, 0 parking
- Detached
- Walking score 66/Transit score 66
This charming home has been renovated from top to bottom with modern and stylish additions. Upstairs, the main bedroom has a beautiful ensuite bath and walk-in closet. Best of all, the home is ideally located only a block from Oxford School and several amenities.
View the listing here.
