Brokers in the Great White North are seeing an awful lot of green these days, and we’re not talking about what’s hidden under melting snow.

Though the country is a latecomer to the multimillion-dollar housing market, and property remains relatively inexpensive when compared with cities like London, New York and San Francisco, Canada’s real estate market is on the rise. And while the American dollar might buy you a slightly larger McMansion there than in the U.S., the asking prices are no bargain.

“The housing market has been robust and is related to the overall good health of the economy,” says Phil Soper, the president and CEO of Royal LePage Real Estate Services–one of the country’s largest brokerages–referring to low unemployment, strong consumer confidence and modest interest rates. “In particular, there is a lot of wealth in the Baby Boomer demographic, which drives a lot of the high-end transactions and pushes up the values of luxury homes.” Read more