The average sales price decreased for all property types in Greater Vancouver, Canada in 2023. Buying a condo as of January 2023 would cost a home buyer about 760,000 Canadian dollars. Greater Vancouver is one of Canada's most important economic centers. It consists of 21 municipalities, including Vancouver City, Surrey, Burnaby, Richmond, Coquitlam, and other.

The average resale house price in Canada was forecast to reach nearly 836,000 Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach 1.2 million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.9 million Canadian dollars in 2024.

The average house price in British Columbia in 2024 stood at about 982,100 Canadian dollars and, according to the forecast, is set to increase by two percent, reaching 1,001,871 Canadian dollars in the following year. The average house price in Canada is forecast to grow in the next two years.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Portland-Vancouver-Hillsboro, OR-WA (CBSA) (MEDLISPRIPERSQUFEEMM38900) from Jul 2017 to Feb 2025 about Portland, OR, square feet, WA, listing, median, price, and USA.

In November 2024, a single-family house in Oak Bay cost 1.9 million Canadian dollars. Oak Bay was the most expensive suburb in Victoria, British Columbia, followed by Highlands and North Saanich. Victoria: an overview Victoria is the capital city of the province of British Columbia. The city is located south of Vancouver, and across the U.S. border from Seattle. In 2020, the average home price in Victoria was 961,000 Canadian dollars, which placed the city as the sixth most expensive Canadian city for residential real estate. Home affordability in Canada Housing affordability is, undoubtedly, one of the biggest barriers to homeownership in Canada. In 2023, the ratio of homeownership costs to income was 62.5 percent. Nevertheless, more expensive locations in the country had a higher ratio, with Vancouver exceeding 100 percent, suggesting that on average, mortgage payments exceeded the monthly income. Amid lower affordability and worsening homebuyer sentiment, house prices in some of Canada's markets are forecast to decline slightly in 2024.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q3 2024 about Canada, residential, HPI, housing, real, price index, indexes, and price.

In the first quarter of 2023, the average sales price of detached single-family homes in Canada was approximately 656,000 Canadian dollars. Nevertheless, house prices varied greatly across different markets. For example, in Vancouver, housing was more than twice as expensive as the national average. The market with the most affordable housing was Saint John, where the average single-family detached home sold for approximately 337,000 Canadian dollars. In comparison to house prices, the average sales price of condominium apartments in all Canadian markets was lower.

New housing price index (NHPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (201612=100).

United States Median Existing Home Price: MA: Portland-Vancouver-Beaverton data was reported at 399.300 USD th in Sep 2018. This records a decrease from the previous number of 407.100 USD th for Jun 2018. United States Median Existing Home Price: MA: Portland-Vancouver-Beaverton data is updated quarterly, averaging 192.500 USD th from Mar 1989 (Median) to Sep 2018, with 119 observations. The data reached an all-time high of 407.100 USD th in Jun 2018 and a record low of 64.600 USD th in Mar 1989. United States Median Existing Home Price: MA: Portland-Vancouver-Beaverton data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB007: Median Existing Home Price: by Metropolitan Area.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 746,379 Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From 443,511 units sold, the annual number of home sales in the country is expected to rise to 453,704 in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

The average price for a house in Quebec stood at approximately 522,828 Canadian dollars in 2024 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach 566,620 Canadian dollars. Meanwhile, the national average house price was forecast to pick up in 2025. Compared to other provinces, Quebec was the third-most expensive province to buy housing in Canada, after British Columbia and Ontario. Quebec Located on the eastern side of Canada, Quebec had an estimated population of almost nine million people in 2023. It is the second most populated province in Canada, and the second-largest by land size, as it is three times the size of Texas. The largest city in Quebec is Montreal, which is close to the Vermont border in the United States. The median total family income in Quebec has been steadily rising since 2000. Housing Prices in Canada Housing prices in Canada vary province to province. The most expensive average house price was in British Columbia in 2024. Vancouver, the most populated city in British Columbia, is known for its high-priced real estate market. However, housing prices all over Canada have increased in the past couple of years.

The average price for a house in Quebec stood at approximately 487,000 Canadian dollars in 2023 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach 512,000 Canadian dollars. Meanwhile, the national average house price was forecast to pick up in 2025. Compared to other provinces, Quebec was the third-most expensive province to buy housing in Canada, after British Columbia and Ontario. Quebec Located on the eastern side of Canada, Quebec had an estimated population of almost nine million people in 2022. It is the second most populated province in Canada, and the second-largest by land size, as it is three times the size of Texas. The largest city in Quebec is Montreal, which is close to the Vermont border in the United States. The median total family income in Quebec has been steadily rising since 2000. Housing Prices in Canada Housing prices in Canada vary province to province. The most expensive average house price was in British Columbia in 2022. Vancouver, the most populated city in British Columbia, is known for its high-priced real estate market. However, housing prices all over Canada have increased in the past couple of years.

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

This dataset includes three tables which were custom ordered from Statistics Canada. There is a table each for Vancouver CMA, Montreal CMA, and Toronto CMA, and the tables contain variables regarding dwelling characteristics, tenure, and shelter cost. The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom order from Statistics Canada includes the following dimensions and variables: Geography: Montreal CMA, Vancouver CMA, Toronto CMA to the census tract level Total Shelter Cost: Under $500 to over $3000 in $500 intervals Shelter Cost to-Income Ratio: Spending less than 15%, 15-30%, 30-50%, 50% or more Tenure: Owner (including presence of mortgage), renter Condominium Status: Condominium, not a condominium Household Size: 1 person, 2 persons, 3 or more people Number of Bedrooms: No bedroom or 1 bedroom, 2 or more bedrooms Structural Type: -Single detached house -Apartment with 5 or more stories -Semi-detached house, row house or other single detached house -Apartment or flat in a duplex -Apartment, building with fewer than 5 stories Household Income: Median income and average income only Original file names: EO3091_Table2_Montreal.ivt EO3091_Table2_Toronto.ivt EO3091_Table2_Vancouver.ivt

This dataset includes three tables which were custom ordered from Statistics Canada. There is a table each for Vancouver CMA, Montreal CMA, and Toronto CMA, and the tables contain variables regarding dwelling characteristics, tenure, and shelter cost. The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom order from Statistics Canada includes the following dimensions and variables: Geography: Montreal CMA, Vancouver CMA, Toronto CMA to the census tract level Total Shelter Cost: Under $500 to over $3000 in $500 intervals Shelter Cost to-Income Ratio: Spending less than 15%, 15-30%, 30-50%, 50% or more Tenure: Owner (including presence of mortgage), renter, subsidized housing, not subsidized housing Condominium Status: Condominium, not a condominium Household Size: 1 person, 2 persons, 3 or more people Number of Bedrooms: No bedroom or 1 bedroom, 2 or more bedrooms Structural Type: -Single detached house -Apartment with 5 or more stories -Semi-detached house, row house or other single detached house -Apartment or flat in a duplex -Apartment, building with fewer than 5 stories Household Income: Median income and average income only Original file names: EO3091_Table1_Montreal.ivt EO3091_Table1_Toronto.ivt EO3091_Table1_Vancouver.ivt

The house price ratio in Canada peaked in the second quarter of 2022, followed by three quarters of decline and a slight rebound in 2023. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Canada's index score in the third quarter of 2024 amounted to 136.8, which means that house price growth has outpaced income growth by almost 37 percent since 2015. Canadian home prices are fallingAfter several years of steady increase, Canadian house prices were forecast to fall slightly in 2023. This was also the case in British Columbia, which has consistently been the most expensive province for housing. This is likely because Vancouver, Canada's most expensive city, is located there. Canadian incomes on the riseIncomes in Canada have steadily risen since 2000 and show no signs of slowing down in the near future. This should improve housing affordability, as long as home price growth slows down.

The average sale price of residential real estate in Oakville, which is part of the Greater Toronto Area, amounted to almost 1.7 million Canadian dollars in 2023. In Vancouver, a single family home cost about 1.5 million Canadian dollars. According to the forecast, many of the major markets are expected to see home prices increase slightly in 2024 in most markets.

This statistic shows the average price per square meter of an apartment in Vancouver in 2016. The average 50 square meter apartment cost 5,636 Canadian dollars per square meter.

The Municipality of West Vancouver the most expensive area to rent a two-bedroom apartment in Metro Vancouver, Canada in 2023, with a median rent of 3,250 Canadian dollars. In comparison, the average for the metro stood at 2,000 Canadian dollars. Maple Ridge/Pitt Meadows, Surrey, and White Rock, on the other hand, were some of the most affordable areas. In Canada, Vancouver is the most expensive city for rental properties.The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

House prices in British Columbia and Ontario were notably higher than any other province in Canada in 2023. The average house price in any other province was less than 500,000 Canadian dollars, whereas in British Columbia and Ontario, it exceeded 800,000 Canadian dollars. The most affordable province to buy a home was Newfoundland, where the average home cost about 293,573 Canadian dollars.