More Than 76 per cent Of Homes Listed in Vancouver Are More Than $1 Million

Vancouver has the highest concentration of luxury homes in Canada, according to a REM Online magazine—but in eight other cities, more than 50 per cent of active listings are in the $1-million-plus category, as stated by a recent report by Point2Homes.

The report states 76 per cent of homes listed in Vancouver were priced at more than $1 million. In eight more cities including Richmond Hill, Markham, Oakville and Vaughan in Ontario as well as Burnaby, Coquitlam, Richmond and Surrey in B.C., more than half of listings are $1 million +

Toronto has the same number of high-end homes, with roughly 1,800 units for sale. But these account for 29 per cent of the market.