BC and Ontario Dominate $1m-Plus Home Markets

According to study, 76% of Vancouver homes are listed at $1 million or higher
Andrea Nazarian
September 27, 2017

There are more homes valued at $1 million or more in Greater Vancouver and the Greater Toronto Area than in the entirety of the rest of Canada, according to a recent study published by Point 2 Homes.

The study considered homes listed for sale on major real estate sites in the 50 largest cities in Canada and created a “luxury ratio” based on homes listed at $1 million or more relative to all listed properties in a given city.

Vancouver dominated the list, showing a striking 76% of all city homes valued at $1 million or more. Ontario’s Richmond Hill was a close second, at 67%. The top nine cities in the list all had $1-million-plus ratios of 50% or higher. Not one city outside of the BC or Ontario was seen on the list until the 22nd ranking.

See the “luxury ratios & luxury rank” graph below.  

Andrea Nazarian
Andrea is the Content and Social Media Specialist at REW.ca. Andrea has over five years of multi-industry experience in communications and content marketing. Originally from Toronto, Andrea moved to Vancouver in April 2016 and has been loving the West Coast life ever since.