The house price for Ontario is forecast to increase slightly in 2024, after declining by six percent in 2023. From roughly 872,312 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to 876,410 Canadian dollars in 2024. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2018 was an estimated 14.3 million people. The median total family income in 2021 came to 100,000 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2024. Additionally, the average home prices in Ontario have significantly increased since 2007.

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.

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 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.

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.

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).

The MSL composite price index measures the development of house prices in Canada since 2005. House prices rose dramatically in 2021, with the house price index spiking from 252 index points to 324 index points - an increase of 72 index points. In 2022, a correction followed, and the index fell to 299.4 index points, followed by a minor increase to 301.5 index points

This statistic shows the average home prices in Ontario in 2007 and 2017, by submarket. In 2017, the average selling price for a home in Greater Toronto reached 822,681 Canadian dollars, up from 376,236 Canadian dollars ten years earlier.

Graph and download economic data for Housing Inventory: Median Listing Price Month-Over-Month in Riverside-San Bernardino-Ontario, CA (CBSA) (MEDLISPRIMM40140) from Jul 2017 to Feb 2025 about Riverside, CA, listing, median, price, and USA.

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.

Graph and download economic data for Housing Inventory: Median Listing Price in Ontario County, NY (MEDLISPRI36069) from Jul 2016 to Feb 2025 about Ontario County, NY; Rochester; NY; listing; median; price; and USA.

Canada House Price Index: New Housing: Ontario: St. Catharines-Niagara data was reported at 126.000 Dec2016=100 in Jan 2025. This records an increase from the previous number of 125.300 Dec2016=100 for Dec 2024. Canada House Price Index: New Housing: Ontario: St. Catharines-Niagara data is updated monthly, averaging 64.700 Dec2016=100 from Jan 1981 (Median) to Jan 2025, with 529 observations. The data reached an all-time high of 130.500 Dec2016=100 in Aug 2022 and a record low of 30.600 Dec2016=100 in Jan 1981. Canada House Price Index: New Housing: Ontario: St. Catharines-Niagara 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 house price in Nova Scotia in 2024 stood at approximately 447,800 Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under one million in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about 30 percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.

Graph and download economic data for Housing Inventory: Average Listing Price in Ontario County, NY (AVELISPRI36069) from Jul 2016 to Feb 2025 about Ontario County, NY; Rochester; average; NY; listing; price; and USA.

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 ...).

United States Median Home Sale Price: sa: Single Family: Ontario, OR data was reported at 227.000 USD th in Jul 2020. This records a decrease from the previous number of 234.000 USD th for Jun 2020. United States Median Home Sale Price: sa: Single Family: Ontario, OR data is updated monthly, averaging 142.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 277.000 USD th in Apr 2020 and a record low of 69.000 USD th in Sep 2012. United States Median Home Sale Price: sa: Single Family: Ontario, OR data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB057: Median Home Sale Price: by Metropolitan Areas: Seasonally Adjusted.

This table contains data on the number and percentage of individual resident owners, median and average assessment value of residential properties by sex and property type, provinces of British Columbia and Ontario and their census metropolitan areas.

This dataset provides information about the number of properties, residents, and average property values for Ontario Circle cross streets in Melbourne, FL.

Graph and download economic data for Housing Inventory: Average Listing Price Month-Over-Month in Riverside-San Bernardino-Ontario, CA (CBSA) (AVELISPRIMM40140) from Jul 2017 to Feb 2025 about Riverside, average, CA, listing, price, and USA.

Graph and download economic data for Housing Inventory: Average Listing Price Year-Over-Year in Ontario, OR-ID (CBSA) (AVELISPRIYY36620) from Jul 2017 to Feb 2025 about Ontario, ID, OR, average, listing, price, and USA.