Curious what you can afford across Canada?  Today, I highlight a snippet of just what $1million dollars will afford across our beautiful country!

Buying a home is the largest transaction most people make in their life. Deciding where to plant your roots is influenced by a multitude of factors such as your career, family, where you were born and raised, the lifestyle you enjoy, and affordability. From coast to coast the value of real estate differs drastically. Considering where you should move? Let’s take a look at what one million dollars can buy you in across Canada.

1. British Columbia

Vancouver, British Columbia is known for its natural beauty, and laidback lifestyle. The average property price (all types) is around the 1.2 million mark, with the average detached home being around 2.3 million.

 

2. Alberta

One province over we have Edmonton, Alberta. The median price for a detached home in Edmonton is approximately $450,000.

Located in the centre of Edmonton, you can purchase a 1500 sqft walkout bungalow in a gated community. This home has 2 bedrooms and 2.5 bedrooms and is listed just under a million.

If you venture to the outskirts of Edmonton, $999,900 can get you a 4 bed, 3 bath home built in 2017. This home has a large backyard and updated features throughout.

3. Saskatchewan

Heading East, we come to Regina Saskatchewan. The average home price is just under $321,000 (all property types).

 

For $999,900 you can buy a 5 bedroom, 4 bathroom, 3000 sqft two story with a large backyard, triple attached garage and updated features throughout.  

 

4. Manitoba

Next up we have home sweet home, Winnipeg, Manitoba! August 2023 showed us an average price for a detached home to be $405,477, while condominiums were just over the $279,000 mark. This is the first month in 2023 that MLS sales have performed better than the same month in 2022. Lets check out what you can buy for a million dollars here at home.

  

For $999,900, you can get a brand new custom built Artista home in Sage creek! 2089 sqft, 4 bedrooms, 4 bathrooms and a double attached garage. Artista spares no details in this modern home. 

5. Ontario

Average price quickly skyrockets as you head towards our next capital city, Toronto. Detached homes averaged around 1.3 million, while townhomes average around $815,000.

 

For $999,000, you can get a 1394 sqft home with 3 bedrooms and 1 bathroom right inside the city.

#6 Quebec

The average home price in Quebec fell just short of $498,000 in August 2023. Interested in downtown Quebec city? A million dollars can buy you this luxury penthouse apartment. 1442 sqft. 2 beds, 2 baths, and a private rooftop patio.

 

Heading to the outskirts of Quebec city, a million dollars can get you this 2021 built, 4 bedroom, 1 bathroom gorgeous modern home.

  

#7 New Brunswick

Average sales price YTD rose just over the $300,000 mark.

  

Head to the capital city, Fredericton and you can get this stunning 2474 sqft, 4 bedroom, 4 bathroom retreat. Listed at $1,149,000

#8 Newfoundland

The YTD average of all property types in Newfoundland is $283,000.

 

Located just outside of St Johns, this 4 bedroom, 5 bathroom, 5260 sqft modern home will run you just under a million dollars!

#9 Nova Scotia

Nova scotia has an average home price falling just under $430,000. For $999,000, right downtown in Halifax, you can get a 4 bedroom, 4 bathroom, 2440 sqft home.

 

#10 PEI

Canada’s smallest province saw an average home price around the $386,000 mark YTD.

 

Venturing just outside of Charlottetown PEI, $1,049,900 can get you a 3 bedroom, 3 bathroom home with a charming kitchen and plenty of yard space to enjoy!

You made it across every Canadian Province. If you had a million dollars to spend on one of these homes, where are you moving to?!

#AgentSheyla

Sheyla Duncan

Phone: (204) 871-3228
Email: Sheyla@JenniferQueen.com