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Vacation Property Online

North America’s vacation property resource

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Articles

How Much Do Vacation Homes Cost Across Canada?

By

Vacation Property Online

Posted in Buying a Vacation Home On October 13, 2019

We’re excited to announce the launch of Vacation Property Online’s interactive map showing how much vacation homes cost across Canada. The interactive map shows what $500,000, $750,000, $1 Million and $1 Million+ buys in Canada’s top vacation and recreational real estate markets. We’ve combed through the data to provide you with a snapshot of what you can buy at each price point.

Featured markets include:

  • Tofino, BC
  • Whistler, BC
  • Kelowna, BC
  • Banff, AB
  • Muskoka Lakes, ON
  • Niagara on the Lake, ON
  • Mont Tremblant, QC
  • Cape Breton Island, NS

how much do vacation homes cost in Canada - list of vacation destinations

To launch the map, click here. Scroll through the map and the associated illustrative listings to obtain sample information at each price point, including property type, square footage, number of bedrooms and bathrooms and special features such as waterfront. Note that the information is based on data as of the date specified and is provided for illustrative purposes only. As data is derived from listing prices it may not be indicative of sales prices.

Be sure to also check out our detailed overview of the above markets here.

So How Much Do Vacation Homes Cost Across Canada? 

The Tofino and Whistler regions are among the most expensive recreational real estate markets in the country. For $500,000, you can purchase an 860 sq ft condo in Tofino or 450 sq ft studio in Whistler. By contrast, $500,000 will get you almost 2,000 sq ft or prime waterfront living in the Cape Breton region or a three bedroom, two-and-a half bathroom townhouse in Kelowna. $500,000 will also get you a three bedroom, one-and-a-half bathroom waterfront cottage in the Muskoka Lakes region. A more modest two bedroom condo is available at this price point in Banff. 

At the $750,000 price point, condos and townhouses are the norm out West, although you can purchase a four bedroom, three-and-a-half bathroom house in Kelowna. In Whistler, a one bedroom, one bathroom condo is available while a larger two bedroom and two bathroom condo is available in Tofino. In Banff, a three bedroom, 2 bathroom townhouse covering over 1,300 sq ft is available. Further east, three and four bedroom homes are available in Niagara-on-the-Lake and Mont-Tremblant, respectively. Finishing out East is the Cape Breton region where a three bedroom, four bathroom home on the lake is available at this price point.

For $1 million, houses are still out of reach in Whistler and Banff although two and three bedroom condos are available, respectively. Otherwise, houses and waterfront cottages are the norm in all other markets, including a three bedroom and four bathroom house in Niagara-on-the-Lake and almost 1,800 sq ft of waterfront living in the Muskoka Lakes region. $1 million will also get you over 3,000 sq ft of house in Mont-Tremblant. And finally out in Cape Breton, $1 million will get you a four bedroom house (on the lake).

Finally, if you have money at your disposal then consider buying your own island in Muskoka Lakes, Ontario for a cool $3.5 million. At $2.5 million, Tofino waterfront is within reach and, at a modest $1.5 million, relatively speaking, almost 4,000 sq ft of luxury waterfront awaits on Cape Breton island.

Here is a more detailed overview of how much vacation homes costs throughout Canada’s most popular vacation and recreational destinations:

Thanks for reading and be sure to contact us if you have any questions or feedback.


 Buying a Vacation Home in Canada, First Time Home Buyer Vacation Home, Second Home Affordability, Second Home Finances, Vacation Condo, Vacation Home Statistics, Vacation House

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