The average price of a home in Canada now stands at an all-time high of $816,720. According to a new report released by real estate company Re/Max, it seems as though a key driver of growth has been the recent boom in Canada’s luxury home market.

Data revealed that 18 of the 19 local markets assessed in the report saw significant year-over-year increases in the sale of luxury homes worth more than $1 million, ranging from detached and attached units, to condominium properties.

The Greater Toronto Area and Metro Vancouver remain red-hot markets, seeing considerable growth in the sale of homes worth more than $3 million, with increases of 112.8 per cent and 75.8 per cent, respectively. Based on data gathered by the Canadian Real Estate Association, the average price of a home in both Ontario and British Columbia has recently exceeded $1 million.

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Several other markets also saw notable gains in the sale of luxury homes at over $1 million year-over-year. In Barrie, Ont., 278 units were sold for more than $1 million in 2021, an increase of about 518 per cent compared to the year before. Meanwhile, Saint John reported the sale of 15 units above $1 million each in 2021, an increase of 1,400 per cent when compared to a single sale made in 2020.

Only one market reported a drop in the sale of homes worth more than $1 million; Charlottetown saw a 42.9 per cent decrease in sales from 2020 to 2021.

With considerable demand for luxury homes across the country, CTVNews.ca has compiled a list of Canadian properties currently on the market for at least $1 million.

METRO VANCOUVER

(Lawrence Lu / Jerry Wang, Macdonald Platinum Marketing)

Type: House

Price: $2,888,000

Year Built: 2013

Property Size: 334 sq. m

Lot Size: 0.67 hectares

Located in the Metro Vancouver area, this European-style home welcomes its guests with six-metre ceilings over the foyer, living and family rooms. Floor-to-ceiling windows offer stunning views while allowing natural light to pour in. The luxury property has five bedrooms, six bathrooms, a home office and a private media room. Its 73-foot yard and covered patio are ideal for enjoying outdoor activities all year long.\

KELOWNA

(Kevin Arnason / Todd Simpson, Royal LePage Kelowna)

Type: House

Price: $6,249,000

Year Built: 2010

Property Size: 948.35 sq. m

Lot Size: 0.27 hectares

With its custom-built pool featuring mosaic tiling, an adjacent sports court and a sunken trampoline, this Mediterranean-inspired home is ideal for entertaining. Complete with seven bedrooms and eight bathrooms, the property spans nearly 950 square metres in total. The interior boasts sky-high 6.7-metre ceilings and luxury brand finishes, while an outdoor covered kitchen and pergola give this estate its resort vibe.

CALGARY

(Sona Visual and Zoon Media / Heather Waddell, Sotheby's International Realty Canada Calgary)

Type: House

Price: $4,425,000

Year Built: 2009

Property Size: 437.82 sq. m

Lot Size: 0.1 hectares

This luxury home in Calgary is an architectural marvel, with floor-to-ceiling windows that offer stunning views of nearby mountains and valleys. The open-concept kitchen comes with oak plank flooring and a central island. On the upper level is the master bedroom with a private balcony, large dressing room and closet. With three bedrooms and five bathrooms, the home also has a yoga room and wine cellar.

EDMONTON

(Rocco Macri / Trevor Dunn, MaxWell Realty)

Type: House

Price: $1,150,000

Year Built: 1925

Property Size: 280.15 sq. m

Lot Size: 0.3 hectares

Initially built in 1925, this Edmonton luxury home has been completely rebuilt for a more contemporary look and feel. Four bedrooms and five bathrooms span across 2.5 storeys, amounting to more than 4,000 square metres of living space. The master bedroom also comes with its own balcony. Meanwhile, a loft and ensuite bathroom occupy the top floor, and a home theatre fills the lower level. The home also has its own wine cellar and vault for tasting.

TORONTO

(Hooman Aliary, The Agency Development Group Toronto)

Type: House

Price: $9,700,000

Year Built: 2006

Property Size: 929 sq. m

Lot Size: 0.42 hectares

Near Toronto’s Bridle Path community is this timeless luxury home with its own grand foyer and piano lounge. The gourmet kitchen comes with chef-grade appliances and a walk-in fridge, while the master ensuite features its own steam shower and boudoir. A wood-panelled grand family room also offers views of a nearby ravine. On the lower level is a wine cellar, billiard room and exercise lounge with direct access to the inground pool.

GREATER MONTREAL

(Studio Point De Vue / Joseph Montanaro, Re/Max Action Westmount)

Type: House

Price: $7,900,000

Year Built: 2005

Lot Size: 0.09 hectares

Located in Greater Montreal, this luxury estate with stone exterior sits high on Upper Bellevue, offering extensive views of the metropolitan area below. The custom-built home has five bedrooms, four bathrooms, and a home office. An open-concept chef’s kitchen leads directly into a spacious den for easy access. The property also has an integrated double garage, as well as a landscaped garden surrounding a private pool.

ST. JOHN’S

(Amanda Ryan / Rob Moore, Re/Max Realty Specialists)

Type: House

Price: $1,695,000

Year Built: 2016

Property Size: 459.87 sq. m

Lot Size: 0.22 hectares

This lakeside property located on a cul-de-sac in St. John’s comes with private access to Virginia Lake. On the main floor is a great room with windows that span from the floor to its cathedral ceilings, maximizing the outdoor view. The gourmet kitchen features a large island with labradorite granite countertops, a gas cooktop and a walk-in pantry. On the top floor is a loft area overlooking the great room, as well as three bedrooms and a spa-inspired master bathroom.

HALIFAX

(Studio Royale / David Dunn, Royal LePage Atlantic)

Type: House

Price: $3,499,000

Year Built: 2011

Property Size: 423.45 sq. m

Lot Size: 0.2 hectares

With four bedrooms and four bathrooms, this Halifax home comes with spectacular views of the Northwest Arm, a key part of Nova Scotia’s coastline. Located lakeside, the property also features its own dock, as well as a putting green. Inside, its kitchen comes with granite countertops, built-in appliances, a breakfast bar and a butler’s pantry. On the top floor is the master bedroom with a walk-in closet and private deck overlooking the water.

CHARLOTTETOWN

(Patty Campbell, Powerhouse Realty PEI)

Type: House

Price: $1,149,000

Year Built: 2020

Property Size: 389 sq. m

Lot Size: 0.17 hectares

Just a 14-minute drive from the heart of Charlottetown, this corner lot property has five spacious bedrooms and just as many bathrooms for a total area of nearly 400 square metres. The kitchen features custom cabinets, a stone backsplash, and a double sink, while the living room has a stone propane fireplace. A soaker tub and large glass shower can be found in the master bathroom, while a recreation room is found in the basement.

FREDERICTON

(Matthew Gorveatte / Larry Booker, Re/Max East Coast Elite Realty)

Type: House

Price: $1,195,000

Year Built: 2016

Property Size: 435.62 sq. m

Lot Size: 0.21 hectares

Located in Fredericton, this custom luxury home is as spacious as it is stunning. On the upper floor is the master bedroom, with access to an elevated patio with a hot tub and seating area to view the backyard. The main level features an open-concept living space with a two-sided gas fireplace separating the family room from the kitchen. An oversized sunroom overlooks the backyard, while an entertainment room and exercise area fill the lower level.

The latest report on luxury real estate in Vancouver suggests the only housing type seeing an increase in sales so far this year is condominiums.

According to data from Sotheby's International Realty, the number of condos sold for more than $1 million was up nearly 30 per cent in the first quarter, when compared to the same period in 2021.

Nearly as many condos in that category were sold as $1-million-plus houses, and when taking into account the cost of detached homes in Vancouver, it shows an increased interest in luxury properties.

According to Sotheby's, 559 condos sold between January and the end of March in the region, compared to 599 houses.

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A single-family home purchased for around the million-dollar mark may not be much in the city, but a million-dollar condo is still somewhat impressive, whether in terms of location or amenities.

Here's a quick look at what a luxury real estate budget can buy in the city – whether that's $1 million or $50 million – based on hundreds of listings posted on Realtor.ca. Given supply issues noted in most areas of the region's real estate market, it's possible that the listing prices are a ways off what condos are actually selling for.

Coming in at $1.009 million, this one-bedroom, one-bathroom downtown condo is actually priced a bit below the average cost of a residence in the province, if including all housing types. 

The listing boasts engineered hardwood, over-height doors and windows, expensive appliances and a large outdoor space, as well as "spectacular views."

Further south, a buyer with a bit of cash could call this one-bedroom, one-bathroom condo on West King Edward Avenue home.

Listed at $1.02 million, the condo in Vancouver's West Side is in a 55+ building, and comes with a den, high ceilings and lots of windows, as well as a patio. Residents of the building have access to an oxygenated infrared sauna, hydrotherapy tub, theatre and rooftop patio, as well as what the listing agents call an "Asian & Western style restaurant." 

A buyer willing to pay an extra $9,000 could find themselves in a two-bedroom-plus-den unit with views of Stanley Park, English Bay and the North Shore Mountains. 

The seller is asking $1.028 million for the apartment in a building that allows pets and rentals, and includes access to a gym, sauna and guest suite.

Spending around $1 million buys less in some neighbourhoods than others. There were few options in the Kitsilano area over that mark, but this two-bedroom-plus-den on West 4th Avenue can be had for $1.099 million. 

While it does have new floors and baseboard heaters, as well as four parking stalls, it does not appear to have been recently renovated beyond that. The kitchen and fireplace in the 1990s condo appear dated, if not original, as does the décor in the bathrooms.

The price tag seems mostly to be tied to the proximity to Kits Beach and the neighbourhood, rather than the unit itself.

Further south, a buyer willing to spend $2.78 million could find themselves on a patio overlooking the Fraser River. 

This just-built penthouse condo has three bedrooms, three full bathrooms and a powder room, as well as a "gourmet chef kitchen," high ceilings, two parking stalls and two storage lockers.

Expanding the budget again to above $4 million yields fewer options, but more luxurious accommodations.

One of the homes in that category is this penthouse located near the University of British Columbia, listed at $4.298 million.

The private rooftop terrace alone is larger than many condos at 1,122 square feet, and it comes with walk-in closets, a "European gourmet kitchen," and high-end appliances.

Those willing to spend more than $10 million only have eight options on Realtor.ca, nearly all of which are downtown.

Among them is this three-bedroom, four-bathroom penthouse on Howe Street, which appears to come with a custom Fazioli piano in its "grand salon." 

The listing boasts "thoughtfully laid out floor plans" as well as panoramic views of the city, high-end appliances and finishes and a dressing room that realtors claim feels "like your own private boutique." It too has a large rooftop terrace, this one including an outdoor kitchen, fire pit, hot tub and elevator.

The condo is listed at $12.88 million.

And someone with a lot of cash to spare could move into this penthouse condo in Coal Harbour, listed at $36.9 million. 

Situated at the top of the Fairmont Pacific Rim hotel, the four-bedroom condo boasts, as described by the listing, "endless postcard views of the water, mountains and city."

It has two floors, "soaring" ceilings, a private rooftop deck, a gym and yoga room, a built-in entertainment centre and more.

The interior of a penthouse that realtors say is Canada's most expensive condo listing is pictured. (Provided)

Big spenders may even be interested in what realtors say is Canada's most expensive condo listing. 

Listed at $49 million, the oceanfront two-floor penthouse is the largest condo in Western Canada, and includes four bedrooms, five bathrooms, sweeping views and two rooftop terraces.

All photos from Realtor.ca unless otherwise noted.