What a $1 million home looks like in Canada this week - Jan. 18 edition

Editor
Yahoo Finance Canada

With the rate hike announced by the Bank of Canada Wednesday, many Canadians are now wondering whether they should take the financial plunge and still get a mortgage. If you’re still in the market for a new home, this is what $1 million could buy you in Canada.

This week, we look at a vacation home on the coast of P.E.I., a bungalow in Toronto and a spacious Surrey, B.C. home with in-law suite. Which would you choose?

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<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> Location: Mount Stewart, Prince Edward Island<br> List Price: $989,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
Location: Mount Stewart, Prince Edward Island
List Price: $989,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> This 2,600-square-foot oceanfront home on P.E.I.’s North Shore will make you feel more like you’re in a resort than a typical house.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
This 2,600-square-foot oceanfront home on P.E.I.’s North Shore will make you feel more like you’re in a resort than a typical house.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> The home is currently operating as a high-end vacation rental property.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
The home is currently operating as a high-end vacation rental property.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> The kitchen includes a gas stove.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
The kitchen includes a gas stove.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> There are four bedrooms in the home.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
There are four bedrooms in the home.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> All of the furnishings and art are included in the sale.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
All of the furnishings and art are included in the sale.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/mount-stewart-pe-real-estate/5035295-279-kelpie-lane-mount-stewart-mount-stewart-pe-c0a1t0-201800752" rel="nofollow noopener" target="_blank" data-ylk="slk:279 Kelpie Lane, Mount Stewart, P.E.I." class="link rapid-noclick-resp">279 Kelpie Lane, Mount Stewart, P.E.I.</a><br> There are also three six-piece bathrooms.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

279 Kelpie Lane, Mount Stewart, P.E.I.
There are also three six-piece bathrooms.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> Location: Toronto, Ontario<br> List Price: $995,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
Location: Toronto, Ontario
List Price: $995,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> This home is one of the larger bungalows in its neighbourhood.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
This home is one of the larger bungalows in its neighbourhood.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> The kitchen features granite countertops.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
The kitchen features granite countertops.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> There are three bedrooms upstairs, and one in the basement.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
There are three bedrooms upstairs, and one in the basement.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> There’s also a recently renovated upstairs bathroom, and a downstairs bathroom.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
There’s also a recently renovated upstairs bathroom, and a downstairs bathroom.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> The basement includes a separate entrance.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
The basement includes a separate entrance.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5028302-3-joy-dr-toronto-on-m1r3h6-e4019326" rel="nofollow noopener" target="_blank" data-ylk="slk:3 Joy Dr., Toronto, Ont." class="link rapid-noclick-resp">3 Joy Dr., Toronto, Ont.</a><br> Here’s a look at the basement kitchen.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

3 Joy Dr., Toronto, Ont.
Here’s a look at the basement kitchen.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> Location: Surrey, British Columbia<br> List Price: $999,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
Location: Surrey, British Columbia
List Price: $999,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> This two-storey, 3,530-square-foot home has undergone $40,000 in recent upgrades.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
This two-storey, 3,530-square-foot home has undergone $40,000 in recent upgrades.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> The kitchen has a large island, making it ideal for entertaining.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
The kitchen has a large island, making it ideal for entertaining.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> The home has a flowing layout, with a great room perfect for parties.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
The home has a flowing layout, with a great room perfect for parties.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> There are six bedrooms and four bathrooms in the home.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
There are six bedrooms and four bathrooms in the home.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> The basement has a separate entrance, making it an ideal in-law suite.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
The basement has a separate entrance, making it an ideal in-law suite.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/surrey-bc-real-estate/5031082-19160-68a-avenue-surrey-bc-v4n5p4-r2231493" rel="nofollow noopener" target="_blank" data-ylk="slk:19160 68A Avenue, Surrey, B.C." class="link rapid-noclick-resp">19160 68A Avenue, Surrey, B.C.</a><br> The deck in the backyard is made of low-maintenance TREX decking.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

19160 68A Avenue, Surrey, B.C.
The deck in the backyard is made of low-maintenance TREX decking.
(Photo: Zoocasa)

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