The purchase of a million dollar home is often considered a milestone in luxury and status, but in Waterloo Region it's not that hot a market.

While a large home loaded with upgrades and high-end finishes is what many dream of, in reality they're not as easy to sell as one might think.

Bruce and Nancy Grant are looking to sell their high-end Waterloo home, and have put in the work to keep it up to date.

Bruce says "I think it's put an added value to our home, by keeping everything fresh, keeping everything new and current with what's going on in the marketplace as well."

And the five-storey, 3,400 square foot house is breathtaking. From the five-star hotel inspired bedroom to the fully stocked wine cellar and a backyard oasis.

But while they've had some interest from buyers, no one has yet taken the plunge.

"Well, they've told us it's an amazing home and some of the features are incredible. Having said that though, we haven't had a firm offer on anything," Bruce says.

After several appraisals, they've now settled on a figure they hope will renew market interest, listing closer to $900,000.

There are a number of million dollar properties in and around Waterloo Region, including rural homes on large lots, but compared to other cities the market for high-end homes is not that hot.

Real estate agent Lee Quaile says "We haven't had those huge price jumps tghat some of the other markets have seen. On the positive side of that, we also haven't had the huge decreases that other markets have seen as well."

In other words, the market has remained consistent, and homes that might sell for a million dollars in other areas have not yet hit that milestone in Waterloo Region.

"Kitchener-Waterloo has proven that it consistently increases at a decent level every year," Quaile says.

And the Grant family certainly hopes buyers will agree with that assessment.