The average price of a home in Canada now stands at an all-time high of . According to a released by real estate company Re/Max, it seems as though a key driver of growth has been the recent boom in Canada’s luxury home market.
Data revealed that 18 of the 19 local markets assessed in the report saw significant year-over-year increases in the sale of luxury homes worth more than $1 million, ranging from detached and attached units, to condominium properties.
The Greater Toronto Area and Metro Vancouver remain red-hot markets, seeing considerable growth in the sale of homes worth more than $3 million, with increases of 112.8 per cent and 75.8 per cent, respectively. Based on data gathered by the Canadian Real Estate Association, the average price of a home in both Ontario and British Columbia has recently .
Several other markets also saw notable gains in the sale of luxury homes at over $1 million year-over-year. In Barrie, Ont., 278 units were sold for more than $1 million in 2021, an increase of about 518 per cent compared to the year before. Meanwhile, Saint John reported the sale of 15 units above $1 million each in 2021, an increase of 1,400 per cent when compared to a single sale made in 2020.
Only one market reported a drop in the sale of homes worth more than $1 million; Charlottetown saw a 42.9 per cent decrease in sales from 2020 to 2021.
With considerable demand for luxury homes across the country, CTVNews.ca has compiled a list of Canadian properties currently on the market for at least $1 million.
METRO VANCOUVER
(Lawrence Lu / Jerry Wang, Macdonald Platinum Marketing)
Type: House
Price: $2,888,000
Year Built: 2013
Property Size: 334 sq. m
Lot Size: 0.67 hectares
Located in the Metro Vancouver area, this European-style home welcomes its guests with six-metre ceilings over the foyer, living and family rooms. Floor-to-ceiling windows offer stunning views while allowing natural light to pour in. The luxury property has five bedrooms, six bathrooms, a home office and a private media room. Its 73-foot yard and covered patio are ideal for enjoying outdoor activities all year long.\
KELOWNA
(Kevin Arnason / Todd Simpson, Royal LePage Kelowna)
Type: House
Price: $6,249,000
Year Built: 2010
Property Size: 948.35 sq. m
Lot Size: 0.27 hectares
With its custom-built pool featuring mosaic tiling, an adjacent sports court and a sunken trampoline, this is ideal for entertaining. Complete with seven bedrooms and eight bathrooms, the property spans nearly 950 square metres in total. The interior boasts sky-high 6.7-metre ceilings and luxury brand finishes, while an outdoor covered kitchen and pergola give this estate its resort vibe.
CALGARY
(Sona Visual and Zoon Media / Heather Waddell, Sotheby's International Realty Canada Calgary)
Type: House
Price: $4,425,000
Year Built: 2009
Property Size: 437.82 sq. m
Lot Size: 0.1 hectares
This is an architectural marvel, with floor-to-ceiling windows that offer stunning views of nearby mountains and valleys. The open-concept kitchen comes with oak plank flooring and a central island. On the upper level is the master bedroom with a private balcony, large dressing room and closet. With three bedrooms and five bathrooms, the home also has a yoga room and wine cellar.
EDMONTON
(Rocco Macri / Trevor Dunn, MaxWell Polaris Realty)
Type: House
Price: $1,150,000
Year Built: 1925
Property Size: 280.15 sq. m
Lot Size: 0.3 hectares
Initially built in 1925, this Edmonton luxury home has been completely rebuilt for a more . Four bedrooms and five bathrooms span across 2.5 storeys, amounting to more than 4,000 square metres of living space. The master bedroom also comes with its own balcony. Meanwhile, a loft and ensuite bathroom occupy the top floor, and a home theatre fills the lower level. The home also has its own wine cellar and vault for tasting.
TORONTO
(Hooman Aliary, The Agency Development Group Toronto)
Type: House
Price: $9,700,000
Year Built: 2006
Property Size: 929 sq. m
Lot Size: 0.42 hectares
Near Toronto’s Bridle Path community is this with its own grand foyer and piano lounge. The gourmet kitchen comes with chef-grade appliances and a walk-in fridge, while the master ensuite features its own steam shower and boudoir. A wood-panelled grand family room also offers views of a nearby ravine. On the lower level is a wine cellar, billiard room and exercise lounge with direct access to the inground pool.
GREATER MONTREAL
(Studio Point De Vue / Joseph Montanaro, Re/Max Action Westmount)
Type: House
Price: $7,900,000
Year Built: 2005
Lot Size: 0.09 hectares
Located in Greater Montreal, this sits high on Upper Bellevue, offering extensive views of the metropolitan area below. The custom-built home has five bedrooms, four bathrooms, and a home office. An open-concept chef’s kitchen leads directly into a spacious den for easy access. The property also has an integrated double garage, as well as a landscaped garden surrounding a private pool.
ST. JOHN’S
(Amanda Ryan / Rob Moore, Re/Max Realty Specialists)
Type: House
Price: $1,695,000
Year Built: 2016
Property Size: 459.87 sq. m
Lot Size: 0.22 hectares
This lakeside property located on a comes with private access to Virginia Lake. On the main floor is a great room with windows that span from the floor to its cathedral ceilings, maximizing the outdoor view. The gourmet kitchen features a large island with labradorite granite countertops, a gas cooktop and a walk-in pantry. On the top floor is a loft area overlooking the great room, as well as three bedrooms and a spa-inspired master bathroom.
HALIFAX
(Studio Royale / David Dunn, Royal LePage Atlantic)
Type: House
Price: $3,499,000
Year Built: 2011
Property Size: 423.45 sq. m
Lot Size: 0.2 hectares
With , this Halifax home comes with spectacular views of the Northwest Arm, a key part of Nova Scotia’s coastline. Located lakeside, the property also features its own dock, as well as a putting green. Inside, its kitchen comes with granite countertops, built-in appliances, a breakfast bar and a butler’s pantry. On the top floor is the master bedroom with a walk-in closet and private deck overlooking the water.
CHARLOTTETOWN
(Patty Campbell, Powerhouse Realty PEI)
Type: House
Price: $1,149,000
Year Built: 2020
Property Size: 389 sq. m
Lot Size: 0.17 hectares
Just a 14-minute drive from the heart of Charlottetown, this corner lot property has five spacious bedrooms and just as many bathrooms for a total area of nearly 400 square metres. The kitchen features custom cabinets, a stone backsplash, and a double sink, while the living room has a stone propane fireplace. A soaker tub and large glass shower can be found in the master bathroom, while a recreation room is found in the basement.
FREDERICTON
(Matthew Gorveatte / Larry Booker, Re/Max East Coast Elite Realty)
Type: House
Price: $1,195,000
Year Built: 2016
Property Size: 435.62 sq. m
Lot Size: 0.21 hectares
Located in Fredericton, this custom luxury home is as . On the upper floor is the master bedroom, with access to an elevated patio with a hot tub and seating area to view the backyard. The main level features an open-concept living space with a two-sided gas fireplace separating the family room from the kitchen. An oversized sunroom overlooks the backyard, while an entertainment room and exercise area fill the lower level.
