What $1M Can Get You In 5 Major Canadian Cities

While $1M is well below the average home price in Canada's most expensive real estate markets, the price point leaves you spoiled for choice in several other cities across the country.

From coast to coast, major real estate markets harbour houses -- not condos -- below the $1M mark. While a seven figure budget goes a lot further in Calgary, and offers far more options, it can still get you a semi-detached home in Toronto.

From Vancouver to Halifax, here's what $1M homes look like in five major Canadian cities.

Toronto

homes under $1M

Address: 11 Ozark Crescent

Bedrooms: 2+1

Bathrooms: 2

Property type: Semi-detached

Price: $999,000

Listed by:RE/MAX Hallmark Richards Group Realty

Vancouver

7321 celista drive front

homes under $1M

Address: 7321 Celista Drive

Bedrooms: 3

Bathrooms: 2

Property type: Townhouse

Size: 1,155 sq. ft

Price: $738,800

Listed by:eXp Realty

Calgary

homes under $1M

88 34 avenue sw living room

Address: 88 34 Avenue SW

Bedrooms: 4

Bathrooms: 3

Property type: Detached

Size: 1,585 sq. ft

Price: $764,900

Listed by: CENTURY 21 Bamber Realty

Montreal

homes under $1M

3820 av

Address: 3820 Av. Prud'homme

Bedrooms: 3

Bathrooms: 2+1

Property type: Semi-detached

Size: 1,112 sq. ft

Price: $850,000

Listed by:Royal LePage Elite Global Heritage

Halifax

6286 duncan street front

6286 duncan street living room

Address: 6286 Duncan Street

Bedrooms: 3

Bathrooms: 1

Property type: Detached

Size: 1,575 sq. ft

Price: $849,900

Listed by: Red Door Realty

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What $1M Can Get You In 5 Major Canadian Cities

From coast to coast, Canada's major real estate markets harbour houses -- not condos -- below the $1M mark.

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The proposal for 520-540 Mountain Highway, 1505-1571 Fern Street, and 1514-1574 Hunter Street is being made by Denna Homes and will feature both a 31-storey and a 29-storey tower.

Month over month, the total value of building permits in Canada decreased 11.7% in March.

The proposal for the Richmond Night Market site being made by Jingon International includes retail, office, hotel, and entertainment space.

According to the 2024 New Home Buyers Report by Tarion, new homebuyers are no longer as keen on moving to suburbia as they recently were.

As part of the Housing Supply Act, Vancouver received a supply target of 5,202 for the first year. Halfway through the year, Vancouver is well short.