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.

Average House Prices in Canada decreased to 712400 CAD in February from 718500 CAD in January of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

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.

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.

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.

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).

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.

House prices in British Columbia and Ontario were notably higher than any other province in Canada in 2024. The average house price in any other province was less than 530,000 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 319,634 Canadian dollars.

Canada House Price Index: New Housing: British Columbia: Kelowna data was reported at 122.500 Dec2016=100 in Jan 2025. This stayed constant from the previous number of 122.500 Dec2016=100 for Dec 2024. Canada House Price Index: New Housing: British Columbia: Kelowna data is updated monthly, averaging 107.200 Dec2016=100 from Dec 2016 (Median) to Jan 2025, with 98 observations. The data reached an all-time high of 124.600 Dec2016=100 in Sep 2022 and a record low of 100.000 Dec2016=100 in Jan 2017. Canada House Price Index: New Housing: British Columbia: Kelowna data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB003: House Price Index: Dec2016=100.

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.

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.

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 ...).

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.

Graph and download economic data for Housing Inventory: Median Days on Market Year-Over-Year in Portland-Vancouver-Hillsboro, OR-WA (CBSA) (MEDDAYONMARYY38900) from Jul 2017 to Feb 2025 about Portland, OR, WA, median, and USA.

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

The average house price in British Columbia in 2023 stood at about 971,000 Canadian dollars and, according to the forecast, is set to decrease by less than one percent, reaching 966,000 Canadian dollars in the following year. Nevertheless, this downward trend is expected to reverse in 2025. The average house price in Canada is forecast to grow in the next two years.

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.

This table contains data on the number and the assessment value of residential properties, by property type, living area and residency type for the census metropolitan areas of Toronto and Vancouver and their census subdivisions.

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 722,063 Canadian dollars by 2025. 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 fall to 489,661 in 2024. 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 2024. 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.