This statistic presents the average home prices in selected Canadian cities in 2015. In that year, the average home price in Montreal amounted to approximately *** thousand Canadian dollars.

Average House Prices in Canada increased to 688800 CAD in October from 687600 CAD in September of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

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 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.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q2 2025 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 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.

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.

Canada CA: Price to Rent Ratio: sa data was reported at 134.745 2015=100 in Mar 2025. This records a decrease from the previous number of 134.857 2015=100 for Dec 2024. Canada CA: Price to Rent Ratio: sa data is updated quarterly, averaging 50.215 2015=100 from Mar 1970 (Median) to Mar 2025, with 221 observations. The data reached an all-time high of 159.819 2015=100 in Jun 2022 and a record low of 19.572 2015=100 in Mar 1970. Canada CA: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices

The average house price in Nova Scotia in 2024 stood at approximately ******* 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 *********** 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 ** 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.

Canada House Price Index: New Housing: Calgary data was reported at 109.600 2007=100 in Dec 2016. This records an increase from the previous number of 109.400 2007=100 for Nov 2016. Canada House Price Index: New Housing: Calgary data is updated monthly, averaging 44.850 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 111.300 2007=100 in Feb 2015 and a record low of 23.700 2007=100 in Oct 1984. Canada House Price Index: New Housing: Calgary data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB006: House Price Index: 2007=100.

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

Canada House Price Index: New Housing: Quebec data was reported at 122.200 2007=100 in Dec 2016. This stayed constant from the previous number of 122.200 2007=100 for Nov 2016. Canada House Price Index: New Housing: Quebec data is updated monthly, averaging 69.350 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 123.200 2007=100 in Jan 2015 and a record low of 36.700 2007=100 in Jan 1981. Canada House Price Index: New Housing: Quebec data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB006: House Price Index: 2007=100.

The house price to rent ratio in Canada stood at ****** points in the first quarter of 2025. This is lower than the observation from the first quarter one year earlier, when the ratio had been ****** points.

The average house price in Alberta, Canada in 2024 was approximately ******* Canadian dollars. By 2025, this figure is forecast to reach ******* Canadian dollars. The number of home sales in the province surged in 2021, and in 2025, the annual number of housing transactions is expected to exceed ******. Compared to other provinces, Alberta ranked below the national average, but housing was still more expensive than in New Brunswick and Newfoundland.

Canadian real estate asset management and consulting firms are encountering a complex operating environment, characterized by a plateauing office market, reduced residential sales and softer industrial demand amid the housing supply crisis and persistent growth in retail. The office vacancy rate in Q2 2025 has remained stable at 17.2%, marking a shift from several years of rapid increases caused by remote work adoption and shifting tenant preferences toward Class A assets. Despite interest rate cuts, home sales have dropped through the first half of 2025, translating into softer fee income and reduced activity for the asset management firms. The retail sector, however, remains robust with steady population growth, robust consumer spending and marked resilience in health, wellness, grocery and restaurant sectors. The industrial real estate space has cooled, with the industrial availability rate rising to 6.2% by Q2 2025 because supply outpaces tenant demand. Booming retail demand provides an attractive environment for asset managers with reliable rental income and high property valuations. However, Canada's housing supply crisis persists, providing opportunities and threats for the real estate industry. Estimates indicate 1.4 - 3.5 million additional homes will be needed by 2030 to restore affordability. Through the end of 2025, revenue will climb at a CAGR of 2.3% to $5.1 billion, including a 1.1% gain in 2025 alone, when profit will reach 24.1%. Real estate asset management and consulting revenue will gain at a CAGR of 1.4% to $5.4 billion through the end of 2030. Growing urbanization, driven by immigration and lifestyle preferences toward urban cores, will fuel competition for prime real estate assets, putting pressure on existing infrastructure and amplifying affordability challenges. The "flight to quality" will continue to accelerate over the next five years, focusing demand on upgraded spaces that enhance workplace experience and talent retention. Meanwhile, expansion in data centers accelerated by the strengthening adoption of cloud services and the expansion of digital infrastructure will provide stable, long-term leases and attractive risk-adjusted returns.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Canada (CANCPGRLH01IXOBM) from Jan 1961 to Mar 2025 about Canada, services, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Canada (CANCP040000IXNBQ) from Q1 2015 to Q3 2023 about water, fuels, electricity, Canada, gas, CPI, price index, indexes, and price.

Homebuilders have endured considerable volatility. Immigration into Canada has led to unprecedented population growth, exacerbating an existing housing crisis. New housing starts haven't kept up with the population growth, making homebuilders more critical than ever to meet housing needs. Home shortages and changes in buying behaviour supported homebuilders during the COVID-19 pandemic early in the recent five year period. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Interest rate hikes in 2022 and 2023 slowed new relevant housing construction, spurring apartment building construction as consumers increasingly sought out renting. Also, the First Time Homebuyer Incentive, which seemed like a potential boon to homebuilders, largely lacked success and was repealed. Industry-wide revenue has been declining at a CAGR of 0.1% over the past five years – totaling an estimated $30.3 billion in 2025 – when revenue will climb an estimated 1.6%. The Bank of Canada raising rates in 2022 and 2023 led to a massive slowdown for homebuilders, even as the Canadian government tried to ramp up the number of housing units constructed. Higher interest rates make developers cautious about new projects, drive up construction costs for builders and push potential homebuyers out of the market. The Bank of Canada has decreased rates in 2024 and 2025 for the first time since 2022, potentially providing a boost to homebuilders. Labour shortages for home builders have hiked wage costs and hindered profit. Homebuilders will enjoy solid growth over the next five years. Interest rate cuts and low housing supply will spur downstream homebuying activity. Still, labour shortages and material costs will continue to strain contractors' capacity. These challenges will impact the broader construction sector, incentivizing federal and provincial governments to fund workforce development and tech adoption programs. Government initiatives like the First-Time Home Buyers’ Tax Credit, the First Home Savings Account (FHSA) and the Home Buyers Plan (HBP) will support homebuilding. Homebuilders' revenue is forecast to expand at a CAGR of 1.7% to $33.0 billion through the end of 2030.

Gross-Profit Time Series for CT Real Estate Investment Trust. CT Real Estate Investment Trust (CT REIT) is an unincorporated, closed end real estate investment trust formed to own income producing commercial properties primarily located in Canada. Its portfolio is comprised of over 375 properties totaling approximately 31 million square feet of gross leasable area, consisting primarily of net lease retail properties located across Canada. CT REIT is Canada's premier net lease real estate investment trust with the principal objective of creating long-term value for unitholders by growing its portfolio of income producing properties and development projects, benefiting from its relationship with Canadian Tire Corporation, its most significant tenant and controlling unitholder. This close association and alignment provides important insights into potential real estate acquisitions and development opportunities that, together with long-term leases with embedded annual rent escalations, serve as a competitive differentiator for CT REIT. CT REIT is listed on the Toronto Stock Exchange under the symbol CRT.UN.