Average House Prices in Canada increased to 688700 CAD in July from 688500 CAD in June of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

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 Residential Property Prices for Canada (QCAN628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, price index, indexes, and price.

The average resale house price in Canada was forecast to reach nearly ******* 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 *** 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 *** million Canadian dollars in 2024.

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 *** index points to *** index points - an increase of ** index points. In 2022, a correction followed, and the index fell to ***** index points, followed by a minor increase to ***** index points

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* 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 ******* units sold, the annual number of home sales in the country is expected to rise to ******* 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.

House Price Index YoY in Canada decreased to -1.40 percent in July from -1 percent in June of 2025. This dataset includes a chart with historical data for Canada House Price Index YoY.

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 ******* Canadian dollars, whereas in British Columbia and Ontario, it exceeded ******* Canadian dollars. The most affordable province to buy a home was Newfoundland, where the average home cost about ******* Canadian dollars.

Housing Index in Canada decreased to 123.30 points in July from 123.40 points in June of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 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.

The house price to income ratio in Canada peaked in the second quarter of 2022, followed by a decline until the second quarter of 2025. 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 second quarter of 2025 amounted to *****, which means that house price growth has outpaced income growth by almost **** percent since 2015. Canadian home prices continue to grow House prices in Canada have steadily increased over the past decade, despite a very mild decline in 2023. This trend is forecast to continue until 2026, albeit at a lower rate than in the period between 2019 and 2022. In British Columbia, which has consistently been the most expensive province for housing, the average house price is expected to reach nearly *** million Canadian dollars in 2026. The rising homeownership costs have also affected rents. In 2024, the average two-bedroom apartment rent in Vancouver exceeded ***** Canadian dollars. Canadian incomes on the rise Incomes 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.

House Price Index MoM in Canada decreased by 0.10 percent in July from -0.20 percent in June of 2025. This dataset includes a chart with historical data for Canada House Price Index MoM.

This table contains 204 series, with data for years 1981 - 2010 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (34 items: Canada; Newfoundland and Labrador; St. John's; Newfoundland and Labrador; Atlantic Region ...), New housing price indexes (3 items: Total (house and land);House only; Land only ...), Index base period (2 items: 1992=100;1997=100 ...).

Residential Property Prices in Canada decreased 1.22 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Canada Residential Property Prices.

Residential property price index (RPPI). Quarterly data are available from the first quarter of 2017. The table presents data for the most recent reference period and the last four periods. The base period of the index is 2017=100.

Canada House Price Index: New Housing: Quebec: Sherbrooke data was reported at 109.000 Dec2016=100 in Mar 2025. This records an increase from the previous number of 108.700 Dec2016=100 for Feb 2025. Canada House Price Index: New Housing: Quebec: Sherbrooke data is updated monthly, averaging 104.000 Dec2016=100 from Dec 2016 (Median) to Mar 2025, with 100 observations. The data reached an all-time high of 113.100 Dec2016=100 in Aug 2023 and a record low of 99.700 Dec2016=100 in Aug 2017. Canada House Price Index: New Housing: Quebec: Sherbrooke 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 Canada Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Region/Province (Ontario, Quebec, British Columbia, Alberta and Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

Real residential property prices Y-on-Y, percent change in Canada, March, 2025 The most recent value is -3.42 percent as of Q1 2025, an increase compared to the previous value of -3.43 percent. Historically, the average for Canada from Q1 1990 to Q1 2025 is 2.57 percent. The minimum of -18.87 percent was recorded in Q1 2023, while the maximum of 18.57 percent was reached in Q1 2022. | TheGlobalEconomy.com

Canada House Price Index: Annual: New Housing: British Columbia: Victoria data was reported at 119.683 Dec2016=100 in 2024. This records a decrease from the previous number of 121.308 Dec2016=100 for 2023. Canada House Price Index: Annual: New Housing: British Columbia: Victoria data is updated yearly, averaging 102.338 Dec2016=100 from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 128.967 Dec2016=100 in 1981 and a record low of 83.467 Dec2016=100 in 2000. Canada House Price Index: Annual: New Housing: British Columbia: Victoria data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB004: House Price Index: Dec2016=100: Annual.

The House Price Index captures trends in the national housing market. It is designed to track real residential property prices in Canada and covers both new and existing dwellings. Data is sourced from the Bank for International Settlements' selected property price series, which is compiled and harmonized in accordance with the Handbook on Residential Property Prices Indices. The index is anchored in 2010 and is not seasonally adjusted.