Skip to content
Home Improvment News Home Improvment News

All Information about Home Improvment

  • Bathroom Decoration
  • Home Improvement
  • House Renovation
  • House Design
  • Renovation
Home Improvment News
Home Improvment News

All Information about Home Improvment

Here’s how much home you could buy in 8 Canadian cities — if you had a million dollars

arbanateds, 02/11/202321/04/2025

The first thing Canadian alt rock legends the Barenaked Ladies sang that they’d do if they had a million dollars back in 1988 was buy a house — but how much house could they actually get these days in a Canadian city?

A report from brokerage Royal LePage released Thursday seeks to answer that question by looking at the average size and amenities in a home valued at roughly $1 million in today’s Canadian housing market.

Country-wide, the average home worth a million dollars (give or take $50,000) comes with approximately 3.2 bedrooms, 2.6 baths and 1,763 square feet of living space, according to the brokerage’s data from December 2022.

Read more:

Will 2023 be your year to enter the housing market? What 1st-time buyers need to know

But in the core of Canada’s biggest city, a million dollars gets you a lot less space.

Story continues below advertisement

In Vancouver, that price tag would usually come with under 1,000 square feet of space, an average of 1.9 bedrooms and 2.8 baths, according to Royal LePage.

In Toronto’s core, the typical million-dollar home has an average of 2.8 bedrooms and 1.9 bathrooms amid 1,232 square feet of living space.

The Greater Toronto and Greater Vancouver areas see more average space and a higher number of rooms than just looking at their cores, Royal LePage said.

A sample million-dollar home listing in Toronto.

Royal LePage

A sample million-dollar home listing in Greater Vancouver.

Royal LePage

Your million dollars will get you more space in cities such as Halifax, NS, which boasts an average of 3.7 bedrooms, 2.8 baths and 2,596 square feet of space.

Trending Now

  • Canada’s banks brace for possible waves of loan defaults. Why that matters

  • Use of Tragically Hip’s music at CPC event causes social media clash

Story continues below advertisement

Montreal’s average $1-million property has an above-average 3.9 bedrooms and 2,153 square feet of living space alongside 2.4 bathrooms.

Rounding out the Royal LePage report with above-average spaces and numbers of baths and bedrooms are Ottawa, Ont., Calgary and Edmonton, Alta., and Winnipeg, Man.

To put the Barenaked Ladies’ lyrics in a modern context, a million dollars in 1988 works out to roughly $2.12 million of purchasing power in 2023, adjusting for inflation, according to the calculator maintained by former Google engineer Ian Webster.

With that kind of money, you could afford any of the average homes in these Canadian cities with cash left over to buy furniture for your house — maybe a nice chesterfield, or an ottoman.

A sample million-dollar home listing in Montreal.

Royal LePage

A sample million-dollar home listing in Halifax, NS

Royal LePage

A sample million-dollar home listing in Ottawa, Ont.

Royal LePage

A sample million-dollar home listing in Winnipeg, Man.

Royal LePage

A sample million-dollar home listing in Edmonton, Alta.

Royal LePage

A sample million-dollar listing in Calgary, Alta.

Royal LePage

&copy 2023 Global News, a division of Corus Entertainment Inc.

Home Improvement commercial real estate newsreal estate latest newsreal estate news atlantareal estate news los angelesreal estate news today

Post navigation

Previous post
Next post

Related Posts

HGTV Host Jonathan Knight Sued Over Massachusetts Farmhouse

13/10/202223/12/2022

Getty Jonathan Knight is the host of “Farmhouse Fixer” on HGTV. HGTV star Jonathan Knight is facing a bitter legal battle over his Massachusetts farmhouse. The “Farmhouse Fixer” host and former New Kids on the Block singer was sued by a land trust in 2021. He countersued later that year….

Read More

5 Tips To Help Prep Your Home For A Renovation

15/08/2024

Pets are curious by nature and are bound to be intrigued by the new sounds, smells, and people that a home renovation will introduce. Construction sites are no place for pets, though! They should be kept away from the areas not only for the safety of the pets but also…

Read More

Homeowners feel ‘locked in’ their current place as mortgage rates rise — but here’s why a quarter of would-be sellers plan to sell now anyway

21/11/202321/04/2025

Homeowners feel ‘locked in’ their current place as mortgage rates rise — but here’s why a quarter of would-be sellers plan to sell now anyway Mortgage rates have moved up for the first time in over a month, propelled by persistent inflation and strong employment data. With federal reports pointing…

Read More

Recent Posts

  • Exploring Jewelry Market Dynamics and Pricing
  • How Gadgets Can Transform Your Community Experience
  • Understanding the Mortgage Process: A Beginner’s Guide

Tags

business commercial real estate news health home realtor house realtor houses how do you search by mls number? latest my realtor national association of realtors newest news real estate online real estate latest news real estate market news real estate news real estate news 2018 real estate news 2022 real estate news chicago real estate updates realtor realtor.com find a home realtor.com florida realtor.com mi realtor.com official site realtor.com rentals realtor.com texas realtor definition realtor homes for sale realtor logo realtor md realtor nc realtor near me realtor net realtor on realtor one realtor pa realtor pronunciation realtors realtor websites technology the realtor the realtors what does a realtor do yahoo real estate listings
  • Sitemap
  • Disclosure Policy
  • Contact Us

Patner Link Backlink

©2025 Home Improvment News | WordPress Theme by SuperbThemes

WhatsApp us