Survey finds highest house prices in Canada

December 30, 2017

With listing prices of up to $35 million, the Shaughnessy neighbourhood of Vancouver has the most expensive houses in Canada, according to a national survey by New York City-based Engel & Volkers, a real estate agency, which has offices in major Canadian cities. The survey also found the most expensive resale condominiums in Vancouver now average $1,800 per square foot.
Toronto’s Bridle Path is the most expensive area for detached properties in the city. Asking prices here for detached houses were as high as $11 million. The highest price fetched for condominiums was in Rosedale, at $1,300 per square foot.
“Toronto neighbourhoods set to witness price increases in the coming months include Yonge-Eglinton, which is undergoing regeneration with the construction of the Eglinton LRT to connect to the city’s subway system,” Engel & Volkers forecast in the study.
In comparison, the most expensive detached houses in Montreal’s famed Golden Square Mile peaked at $11.9 million in the survey, which used sales data to the end of September 2017. The highest asking price for freehold condominiums was also in this neighbourhood, at $1,440 per square foot. Quebec’s small resort community of Mont-Tremblant has also among the most expensive homes in Canada, with detached houses listed at prices just below $10 million, the survey found, with condo apartments selling from $650 per square foot.