As home prices and sales activity increased in Canada’s two largest real estate markets last month, a report from Zoocasa released Monday highlights what homebuyers can purchase with $1 million. 

The Toronto Regional Real Estate Board reported that home sales in May rose 25 per cent from the previous year as the average selling price rose four per cent from April to $1,196,101. 

The Real Estate Board of Greater Vancouver reported that in May home sales rose 15.7 per cent from the previous year. The composite benchmark price for all residential properties in Metro Vancouver reached $1,188,000, up 1.3 per cent from the previous month.

A report from Keefe, Bruyette & Woodst, released Tuesday showed that over the past four months, relative to trough levels in January 2023, home prices rose eight per cent in Toronto and seven per cent in Vancouver. 

Amid rising prices in Canada’s major real estate markets, here is a look at what homebuyers can get with $1 million. 

BRITISH COLUMBIA

901 – 555 Jervis Street, Vancouver B.C. – $999,000

The property is a condo apartment that features two bedrooms, two bathrooms and one parking space. It has floor-to-ceiling windows and an open-concept floor plan. 

(Image credit: Oakwyn Realty Ltd.)

3429 272 Street, Langley B.C. – $999,000 

The property is a detached home, with four bedrooms, three bathrooms and eight parking spaces. It also has a fully-fenced backyard. 

(Image credit: Royal Lepage Global Force Realty) 

ONTARIO

12 Rhyl Ave, Toronto O.N. – $999,900

The property is a two-storey home that was renovated in 2020. It features three bedrooms, one bathroom and one parking space. It is a semi-detached home with an open floor plan. 

(Image credit: Royal Lepage Signature Realty, Brokerage) 

62 Oak Hill Dr, Cambridge O.N. – $999,900

The detached two-storey home features a fully finished basement. It has four bedrooms, four bathrooms and four parking spaces, as well as a heated in-ground pool. 

(Image credit: Exp Realty, Brokerage)

ALBERTA 

9131 141 St Nw, Edmonton Alta. – $999,900

The detached two-storey home has a fully finished basement and main floor laundry room. It also has a covered patio area, as well as four bedrooms, four bathrooms and four parking spaces. 

(Image credit: Royal Lepage Arteam Realty) 

6411 Laurentian Way Sw, Calgary AB – $998,500 Property details: 

The detached home has an ensuite in the main bedroom. It also features three bedrooms, two bathrooms, four parking spaces and a wood-burning fireplace. 

(Image credit: Re/Max Landan Real Estate) 

HALIFAX 

2635 Dublin Street, Halifax N.S. – $999,900

The detached home has an ensuite and walk-in closet in the main bedroom. It also has four bedrooms total and two bathrooms, but no parking spaces. 

(Image credit: Re/Max Nova, Halifax)