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 ...).

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 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.

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.

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.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index 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. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Note: This dataset as of February 14th, 2025, contains data on 9 of an eventual 12 data elements. Data for the remaining 3 data elements will be added March 14, 2025. For more information, please visit HART.ubc.ca. Housing Assessment Resource Tools (HART) This database was created to accompany the dashboard on HART's website called the "Federal Housing Needs Assessment Template." URL: https://hart.ubc.ca/federal-hna-template/. This dashboard presents housing-related data to help communities complete the Housing Needs Assessment template requested by the Government of Canada as a requirement for certain funding applications. For more information on that template, please visit the Government of Canada's website (https://housing-infrastructure.canada.ca/housing-logement/hna-ebml/template-modele-eng.html). This dataset represents the underlying data used to populate HART's dashboard. The data contains some public and custom data from Canada's Census of Population (author: Statistics Canada), public data from the Canada Mortgage and Housing Corporation (CMHC) regarding it's Rental Market Survey as well as it's Starts and Completions Survey, private data from the Co-operative Housing Federation of Canada, and data created by Licker Geospatial Consulting Co. specifically for this dashboard. Due to the variety of sources, the dataset is not complete for every CSD. The full list of data elements, their sources, and any methodological considerations can be found in the attached file "Federal-HNA-Template-Methodology.pdf". The other attached files have been named to correspond with the Data Elements listed in the methodology document on page 2. Each file contains data on all available geographies. Some files will have a letter after he number (i.e. "1a" and "1b") if there was more than one data table associated with a given data element. Some data will not be available until March 14, 2025, namely elements 3, 5, and 11. Data Elements: Counts and percentages of households within 800m and 200m of rail/light-rail transit station (applies only to municipalities with 2021 population of 30,000+, excluding BC and Quebec) (HICC Section 3.1.1) Changes to headship rates 2016-2021 & Household Suppression by age of Primary household maintainer following the Province of British Columbia’s HNR methodology (HICC Section 3.3) (Part 2, March 14) Provide priority groups by core housing need status (Youth age 18-29, 2SLGBTQ+, People dealing with mental health and addictions issues, Veterans) (HICC Section 4.1) Number of secondary rental units (HICC Section 5.2.1) (Part 2, March 14) The number of affordable units for low and very low-income households built, and the number lost (HICC Section 5.3) Change in Average rents (HICC Section 5.4) Change in Vacancy rates (HICC Section 5.5) Changes in core housing need over time in both tenant and owner-occupied households (HICC Section 5.6) Number of housing units that are subsidized (HICC Section 5.7.1) Number of housing units that are below market rent in the private market (HICC Section 5.7.1) (Part 2, March 14th) Number of co-operative housing units (HICC Section 5.7.1) Housing starts by structural type and tenure (HICC Section 5.9.2) Each "Data_Element_#" file has the geography indicated as a 7-digit geocode (e.g. 1001101). This geocode is drawn from Statistics Canada's Standard Geographical Classification (SCG) which provides standard names and codes for the geographical regions of Canada. Each geocode may have multiple rows of data. For example, in the file Data_Element_6 each geography has three rows: % Change in Avg Rent, Avg Monthly Rent, and Change in Avg Rent. (2025)

After surging in 2021, sales activity in the Canadian housing market slowed down in the next two years. According to the forecast, the number of home sales in 2025 is expected to reach almost 525,500. The Canadian residential housing market is going through a period of change because the skyrocketing home prices are being tempered by various governmental interventions. One of the measures is such as a two-year ban on foreign purchases. Additionally, the government introduced a tax on vacant foreign-owned housing and a tax on assignment sales - resales of homes that have not been constructed or lived in before the time of the sale.

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.

Home affordability has worsened substantially in Canada since 2021. In January 2023, the monthly single-family mortgage payment amounted to approximately 66 percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted 47 percent of a household's income.

Cities in the United States dominate the list of the cities with the highest rents worldwide. New York was ranked as the most expensive city to rent in ahead of Singapore with an index score of 100. Hamilton in Canada followed in third.