Just Released: Royal LePage Million-Dollar Properties Report

February 28, 2023 2 min. read

Royal LePage’s Million-Dollar Properties Report includes insights into the average size and specifications of properties in major regions across the country within the $950,000 to $1,050,000 price range.

Key highlights from the release include:

  • Nationally, a typical $1-million home boasts an average of 3.2 bedrooms, 2.6 baths and almost 1,800 square feet of living space
  • Remote work has given homebuyers greater flexibility to choose where they want to live, including more affordable cities where a million-dollar budget may stretch farther
  • $1-million homes in the Greater Toronto Area and Greater Vancouver offer less square footage and fewer bedrooms and bathrooms than the national average
  • Unlike Canada’s two other largest metropolitan centres, the Greater Montreal Area boasts an average home size that is 523 square feet larger than the national average
  • Halifax, Edmonton and Winnipeg boast the largest average square footage of all major cities in Canada at this price point