How a $1M home in Toronto looks versus other cities in Canada

Here's what a $1M home in Toronto looks like compared to other Canadian cities (PHOTOS)

It’s not breaking news that Toronto has some of the highest-priced homes in Canada, and likely North America as a whole.

While a million dollars might seem like a lot of money, you’re not likely to find anything excessively special for that amount in Toronto, but you might be able to find a nice condo.

According to the Canadian Real Estate Association (CREA), as of February 2022, the average cost of a home in Canada is $816,720, this is up 20.6% since February 2021 ($677,435). In the GTA, that average climbs to a staggering $1,340,000.

It’s important to note that outside of very rare circumstances, you won’t be purchasing a detached house in Toronto for $1 million. You’ll have better luck in Hamilton, London, or Barrie.

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In case you’re wondering (or even considering relocating), here’s what a $1 million home looks like in cities across Canada, starting with Toronto.

42 Enchanted Hills Crescent, Toronto, Ontario – $1,199,990

42 Enchanted Hills Crescent, Toronto (realtor.ca)

Toronto is beginning to see a similar fate as that of Vancouver. As of last month, the average price of a home in Greater Toronto was slightly higher than in Greater Vancouver and much higher than the national average.

With that in consideration, you can still find homes for around the $1 million mark. Case in point: this three-bedroom, three-bathroom home at 42 Enchanted Hill Crescent, a high-demand area.

42 Enchanted Hill Crescent, Toronto (realtor.ca)

The home features an open concept layout, with some renovated rooms, and a recently replaced roof. The home also features a room with a mirror wall that would be perfect for a dance space, or as seen in the picture below, a workout or yoga studio.

42 Enchanted Hill Crescent, Toronto (realtor.ca)

With this Toronto home serving as the measuring stick, how does the rest of Canada compare?

3007 Dewdney Trunk Road, Coquitlam – $999,999

3007 Dewdney Trunk Road, Coquitlam (realtor.ca)

This extremely colourful home features three bedrooms and two full bathrooms, in a 1,680-sq-ft space. The three-level home has two fireplaces and a ton of land for future development.

3007 Dewdney Trunk Road, Coquitlam (realtor.ca)

It seems to be in relatively good condition, though certain aspects of the home are beginning to show their age.

The kitchen features older appliances that seem to be in decent shape, though there is no stainless steel equipment to be found.

3007 Dewdney Trunk Road, Coquitlam (realtor.ca)

6951 Christie Briar Manor SW, Calgary – $999,998

6951 Christie Briar Manor SW, Calgary (realtor.ca)

If a picture says a thousand words, this frontal view of 6951 Christie Briar Manor SW in Calgary says a million. Especially when we compare it to the first home on the list.

6951 Christie Briar Manor SW, Calgary (realtor.ca)

Featuring four bedrooms and four bathrooms, this home features a total finished area of 2,527 sq ft, nearly 850 sq ft larger than the Coquitlam home we used for comparison, for a dollar less.

6951 Christie Briar Manor SW, Calgary (realtor.ca)

1242 Ch. Vire-Crêpes Lévis, Quebec – $991,000

1242 Ch. Vire-Crêpes Lévis, Quebec (realtor.ca)

You can basically buy a castle in other parts of Canada for the price of a regular detached home in BC. Case in point, this ancestral house in Lévis, Quebec.

This home features three bedrooms and two bathrooms. It is a renovated home on a 143,400-sq-ft lot. It even has its very own backyard lake.

1242 Ch. Vire-Crêpes Lévis, Quebec (realtor.ca)

Pictures make the property look more like a house of royalty than a family home.

1242 Ch. Vire-Crêpes Lévis, Quebec (realtor.ca)

1242 Ch. Vire-Crêpes Lévis, Quebec (realtor.ca)

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111 Georgetown Drive Winnipeg, Manitoba – $999,900

111 Georgetown Drive Winnipeg, Manitoba (realtor.ca)

“Honey, I’m home!”

This stunning Winnipeg bungalow features five bedrooms and three bathrooms. It features 2,280 sq ft of space, a huge kitchen, and lake views. The listing states the home has “tons of windows” to let in lots of natural light.

111 Georgetown Drive Winnipeg, Manitoba (realtor.ca)

It has a hot tub, stone patios, a pond with a stream, and a theatre room with a projector. The theatre room has a sliding soundproof dividing wall.

111 Georgetown Drive Winnipeg, Manitoba (realtor.ca)

It seems to pack in incredible value for the price when looking at other homes across Canada, particularly when compared to Toronto’s offerings.

111 Georgetown Drive Winnipeg, Manitoba (realtor.ca)

119 Milsom Street Halifax, Nova Scotia – $958,000

119 Milsom Street Halifax, Nova Scotia (realtor.ca)

We’re wrapping up this list with a trip out east to Halifax, Nova Scotia.

This four-bedroom, four-bathroom subdivision is near schools and biking trails, and is relatively new having been built in 2009.

119 Milsom Street Halifax, Nova Scotia (realtor.ca)

Minutes to downtown Halifax, the location can’t be beaten. Nine-foot ceilings await you when you enter the home, and an open-concept kitchen with granite countertops connects to a “cozy family room.”

119 Milsom Street Halifax, Nova Scotia (realtor.ca)

A theatre room features a built-in projector and a newly installed professional surround sound system. And as you can see, the theatre room looks luxurious.

119 Milsom Street Halifax, Nova Scotia (realtor.ca)

The Halifax home is listed at $958,000, well below some of the other listings in this post.

In Toronto, $1 million may not seem like a lot of money, but other parts of Canada tell a wildly different story. Hopefully, Ontario will be able to figure out the housing affordability problem.

If you wanted to compare some housing prices from across Canada yourself, head over to realtor.ca.