In the realm of owning property, the saying “location, location, location” is regarded as the three things that matter most when it comes to buying a home.
A million bucks is a lot of scratch and based on where you live in Canada, it may or may not get you your dream home.
We’re analyzing $1 million homes across the rest of the country and comparing them to the size, look, and feel of those matched to a Calgary home of the same price.
According to the Canadian Real Estate Association (CREA), the average Canadian house price in 2020 was forecast to be $531,000, meaning a $1 million home is almost double the Canadian average.
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To scale, the CREA lists the average Calgary home at $426,600 (as of February 2021).
Compare that to Vancouver and Toronto, where prices average $1,084,000 and $969,600, respectively. The lowest end of the Canadian spectrum is $224,785, in New Brunswick.
With that said, let’s see how $1 million houses vary across the country, compared to a Calgary home.
This 2714-square-foot home is located on four acres, with a triple garage, fully finished walkout basement, and four fireplaces.
The 4-bedroom property resides on a quiet cul-de-sac, with three and a half bathrooms, vaulted ceilings and mountain views.
According to Realtor.ca, this 1-bedroom, 1-bathroom single-family home is part of a beautiful quadruplex built in 2002.
Buyers have the option of living in the main unit on two floors, or keeping the current owners in the building as tenants. The spot has a fully-finished basement with a separate entrance, space to park five cars, and a beautiful backyard.
This spacious 3-bedroom, 2.5-bathroom condo is located with “easy access to the airport, highway, and downtown.”
It was built in 2016, has quartz counter-tops and modern kitchen cabinets, but very little land space.
This 3-bedroom, 3-bathroom detached home resides on a pie-shaped lot with no houses behind it. The property has a large family room with a gas fireplace, a spacious deck and yard, and is close to a beach and the 401 highway.
This 4-bedroom single-family home sits on 9,000-square-feet of land, has a large entrance foyer, a kitchen with quartz countertops, an island with a wet bar, two ovens, a double door fridge and freezer combo, a butler’s pantry, and a gorgeous view of the bay.
“Are you two families that want to live together but need your own space?” asks realtor.ca. “This is the perfect set up!” The 2,000-square-foot home is nestled between two $1 million dollar lottery houses, with a walkout basement that boasts the perfect in-law suite. The lower level has a self-contained kitchen, its own family room, two bedrooms, and a second laundry area.
The main floor has an open concept kitchen, oversized balcony with amazing views, and a huge master bedroom with a 4-piece ensuite and walk-in closet. A triple car garage and landscaped yard make the property even more desirable.