What a $1 million home looks like in Canada this week - May 17 edition

Editor
Yahoo Finance Canada

If you thought that home prices were bad enough on their own, just wait until you hear how much more you’re paying in regulatory fees.

New research from C.D. Howe found that on average, Canadians who bought in the hottest real estate markets paid an average of $229,000 extra between 2007 and 2016 because of regulations. Zoning regulations and development charges are leading to increased housing costs. Builders are forced to pay these costs, and the costs then get passed on to the buyers.

It partially explains why the million-dollar homes we see today seem to range so much in price, depending on where they are. This week, we look at homes in Toronto, Ont., Victoria, B.C. and Saint John, N.B., and the differences are quite dramatic.

Which would you choose?

All listings courtesy Zoocasa.

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<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> Location: Toronto, Ont.<br> List Price: $999,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
Location: Toronto, Ont.
List Price: $999,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> This bungalow has been well maintained and has had a long-timer current owner.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
This bungalow has been well maintained and has had a long-timer current owner.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> The large eat-in kitchen includes the fridge, stove, and dishwasher.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
The large eat-in kitchen includes the fridge, stove, and dishwasher.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> There are three bedrooms in the home, all on the main floor.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
There are three bedrooms in the home, all on the main floor.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> There are also two bathrooms.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
There are also two bathrooms.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> The partially-finished basement has a separate entrance, giving it potential as an income suite.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
The partially-finished basement has a separate entrance, giving it potential as an income suite.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/toronto-on-real-estate/5293295-137-mcnicoll-ave-toronto-on-m2h2b7-c4128487" rel="nofollow noopener" target="_blank" data-ylk="slk:137 McNicoll Ave., Toronto, Ont." class="link rapid-noclick-resp">137 McNicoll Ave., Toronto, Ont.</a><br> The 60-foot lot offers lots of greenspace, and is close to local schools.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

137 McNicoll Ave., Toronto, Ont.
The 60-foot lot offers lots of greenspace, and is close to local schools.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> Location: Victoria, British Columbia<br> List Price: $999,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
Location: Victoria, British Columbia
List Price: $999,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> This 1,807-square-foot home sits on a 0.54 acre lakeside property.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
This 1,807-square-foot home sits on a 0.54 acre lakeside property.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> There are great views of the outdoors from every room, including the kitchen.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
There are great views of the outdoors from every room, including the kitchen.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> The home includes two bedrooms, and two bathrooms.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
The home includes two bedrooms, and two bathrooms.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> The large deck overlooks the lake, a perfect spot to enjoy a morning coffee.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
The large deck overlooks the lake, a perfect spot to enjoy a morning coffee.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> The property has 100 feet of waterfront, and the lake is private access only with only eight homes on it.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
The property has 100 feet of waterfront, and the lake is private access only with only eight homes on it.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/victoria-bc-real-estate/5299650-673-lost-lake-rd-victoria-bc-v9b6e3-391548" rel="nofollow noopener" target="_blank" data-ylk="slk:673 Lost Lake Rd., Victoria, B.C." class="link rapid-noclick-resp">673 Lost Lake Rd., Victoria, B.C.</a><br> For those times you have to tear yourself away, it’s only a 25 minute drive to downtown Victoria.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

673 Lost Lake Rd., Victoria, B.C.
For those times you have to tear yourself away, it’s only a 25 minute drive to downtown Victoria.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> Location: Saint John, New Brunswick<br> List Price: $985,000<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
Location: Saint John, New Brunswick
List Price: $985,000
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> This one-of-a-kind custom built home offers stunning views and plenty of amenities.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
This one-of-a-kind custom built home offers stunning views and plenty of amenities.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> The kitchen has stone countertops and custom cherrywood cabinets.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
The kitchen has stone countertops and custom cherrywood cabinets.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> There are three bedrooms in the home.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
There are three bedrooms in the home.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> There are also two-and-a-half bathrooms.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
There are also two-and-a-half bathrooms.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> The cathedral ceilings range in height from nine feet to 17 feet.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
The cathedral ceilings range in height from nine feet to 17 feet.
(Photo: Zoocasa)

<p><a href="https://www.zoocasa.com/saint-john-nb-real-estate/5289864-51-fox-point-drive-saint-john-nb-e2h2y5-nb004640" rel="nofollow noopener" target="_blank" data-ylk="slk:51 Fox Point Drive, Saint John, N.B." class="link rapid-noclick-resp">51 Fox Point Drive, Saint John, N.B.</a><br> The landscaping offers very private outdoor space that still allows you to enjoy the views.<br> (Photo: Zoocasa) </p>
What a $1 million home looks like in Canada this week

51 Fox Point Drive, Saint John, N.B.
The landscaping offers very private outdoor space that still allows you to enjoy the views.
(Photo: Zoocasa)

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