Luxury real estate doesn’t have to mean million-dollar price tags and high mortgages. Some of Canada’s top cities for affordable luxury homes offer upscale living at a fraction of the cost of Toronto or Vancouver.
In 2025, the average home price in Toronto is $1,101,691. That might get you a modest condo or a semi-detached home that needs updates. Meanwhile, in Edmonton or Windsor, $700K–$900K can buy you a newly built detached home with high-end features and room to grow.
Here are the top places to explore if you’re wondering where to buy luxury real estate in Canada without overspending.
What Defines an ‘Affordable Luxury Home’ in Canada?
In many Canadian cities, homes under $1M offer:
- Spacious layouts (2,500+ sq ft, multiple bedrooms and bathrooms)
- Custom or high-end finishes like chef’s kitchens, hardwood floors, or spa-inspired bathrooms
- Outdoor perks such as large lots, scenic views, or oversized decks
- Great locations near nature, top schools, or quiet neighbourhoods
- Better value compared to inflated urban markets like Toronto and Vancouver
For example, for close to $1M in Toronto, you get a modest 3+1-bedroom home with potential for a basement apartment. In Edmonton, a similar price gets you a fully finished 8-bed, 8-bath luxury home with a legal 4-bed suite, high-end appliances, and nearly 3,800 sq ft—offering far more space, income potential, and value.
Edmonton, Alberta
Average Home Price (2025): $432,400
Edmonton stands out as one of the best cities for affordable luxury homes in Canada. With prices far below the national average, buyers in the $750K–$900K range can find impressive new builds with triple garages, custom kitchens, and scenic views near the river valley.
The city combines strong economic growth with easy access to nature and a high quality of life. For buyers looking to upgrade their lifestyle, Edmonton offers incredible long-term value.
Listings to Explore:
“Luxury Greens” by Spectrum Homes
The Forestview Residence
Saskatoon, Saskatchewan
Average Home Price (2025): $433,700
Saskatoon is a hidden gem for those seeking luxury without the luxury tax. Homes under $1 million in this prairie city offer plenty of space, upscale finishes, and locations in family-friendly neighbourhoods like Evergreen or Briarwood.
The city is known for its relaxed pace and newer developments. If you want quality craftsmanship and modern style without leaving your budget behind, Saskatoon is worth considering.
Listings to Explore:
Cul-de-Sac Luxe
The Riverstone Modern
New Brunswick
Average Home Price (2025): $361,329
New Brunswick is rapidly gaining attention from homebuyers looking for affordable luxury in Canada. In cities like Fredericton and Moncton, $600K–$900K can buy elegant homes with wooded lots, cathedral ceilings, and spacious interiors.
The province offers historic charm and a growing housing market that’s still accessible. It’s a great choice for anyone looking to relocate from pricier provinces.
Listings to Explore:
The Split at Sunset Acres
The Jones Lake Triplex
Windsor, ON
Average Home Price (2025): $573,100
Windsor is a top pick for buyers leaving the GTA in search of space and savings. With prices well below the Toronto average, luxury homes under $1 million in Windsor often include four or more bedrooms, landscaped yards, and access to golf courses or the waterfront.
Its location near the U.S. border and growing appeal among remote workers make it a standout for affordable high-end living in southern Ontario.
Listings to Explore:
The Savannah Corner
The South Windsor Family Estate
London, Ontario
Average Home Price (2025): $593,900
London offers a sweet spot between big-city convenience and suburban comfort. Luxury buyers here can find spacious family homes with modern upgrades, finished basements, and inviting yards for less than $1 million.
With strong schools, a thriving arts scene, and easy access to both Toronto and cottage country, London delivers the full package for families and professionals seeking both lifestyle and value.
Listings to Explore:
The Talbotville Grand
The Foxwood Forest House
Regina, Saskatchewan
Average Home Price (2025): $340,800
Regina offers one of the best cost-to-luxury ratios in the country. Buyers with budgets up to $750K can find large custom builds with upgraded finishes in peaceful neighbourhoods like Wascana View.
The city is ideal for families looking to settle into a comfortable home without the burden of big-city prices. It’s an easygoing place where upscale living is possible.
Listings to Explore:
The Statement on Montague
The Wascana Bay Home
Where Will You Find Your Affordable Dream Home?
Outside of Toronto and Vancouver, cities like Edmonton, Moncton, and Windsor are proving that high-end homes can still be within reach. As remote work and interprovincial migration grow, more Canadians are choosing affordability. If you’re wondering where to buy luxury real estate in Canada without overspending, start by looking beyond the big city.
*Average home prices were sourced from TRREB: GTA REALTORS Release June Stats & CREA National Statistics reports.
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