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2024 Million-Dollar Properties Report

Key highlights from the 2024 Market Survey Forecast:

  • On average, a $1-million property in Canada has 3.2 bedrooms and 2.1 bathrooms, while a $2-million property has 3.7 bedrooms and 2.6 bathrooms
  • Edmonton boasts highest average square footage of all regions in the report (2,675 sq. ft.), while Vancouver records lowest (900 sq. ft.) in the $1-million category
  • Cities and greater regions of Toronto and Vancouver rank below national average in square footage for $1-million properties, while the Greater Montreal Area boasts an average home size of 466 square feet larger than the national average
  • Winnipeg and Halifax record largest average home size in $2-million category at almost 4,000 square feet
  • Two thirds of Canadians overall (64%) believe that $1 million is a reasonable budget to afford a home that meets their household’s needs; that figure is significantly lower in Ontario (53%) and British Columbia (42%)
Read the full report here.

Recently Sold Properties

List Price $1,139,900

List Price $2,298,000
*Buyer Transaction

List Price $1,095,000

List Price $1,399,000


Would you like to know how much your home is worth in today's market? How to increase it's worth? What type of home improvements will give you the best return-on-investment? 
We can help!


February 2024 
Royal LePage Market Update Report

Our "Under the Hood" 
Look at the Oakville Numbers

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Phone: 905.845.4267


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Royal LePage Real Estate Services

326 Lakeshore Road East  Oakville,  Ontario  L6J 1J6 

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