At the end of 2017, home prices across Canada rose an average 10.8 per cent, according to the latest Royal LePage report. But most of that growth was in condos – detached home prices actually went down in Toronto by 2 per cent, compared to the previous quarter.
If you’re in the market for a detached home, $1 million will still take you only so far in Toronto. If you look a little further afield, however, like Halifax, N.S. or Sooke, B.C., you can find some real bargains. You may just have to sacrifice access to the big city in order to do it.