Home Sales in Canada increased to 38684 units in June from 37646 units in May of 2025. This dataset includes a chart with historical data for Canada Home Sales.

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 2026 is expected to reach almost *******. 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.

Average House Prices in Canada decreased to 688600 CAD in June from 690200 CAD in May of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

Home sales in Ontario, Canada, soared in 2021, before dipping sharply in the following two years. In 2024, about ******* home sales took place in Ontario and this figure is expected to slightly increase to ******* in 2026. This was in line with the forecast number of housing transaction in Canada until 2025. Ontario is one of the most expensive provinces for housing, ranking second after British Columbia in 2024.

Data on the number of residential properties sold, sale price and number of buyers by sale type, property type and period of construction.

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.

The dataset shows the compilation of the number of sales by price range, property transfers, mortgages and acts of financial difficulty registered in the Quebec Land Register. The information is for all of Quebec as well as by administrative region. In Quebec, real estate rights are published as a result of registration in the Land Register. It is governed in particular by the Civil Code of Quebec and by the Regulation respecting land registration. As an authentic legal register created by the legislator, the Quebec Land Register is the official, complete and reliable source of data on the real estate market.

In June 2025, the average sales price in Greater Toronto, Canada, was the highest for detached houses, at **** million Canadian dollars. Buying a condo would cost a homebuyer about 696,000 Canadian dollars. Toronto is Canada's most populous city and the country's most important economic center. It consists of 25 municipalities, including Toronto City, Mississauga, Brampton, and others.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

The Canada Commercial Real Estate Report is Segmented by Property Type (Offices, Retail, Logistics and More), by Business Model (Rental and Sales), by End Use (Individuals / Households, Corporates & SMEs and More) and by Region (Ontario, Quebec, Alberta and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Housing Starts in Canada increased to 283.73 Thousand units in June from 282.71 Thousand units in May of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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).

This data provides federal real estate properties available for sale to the general public

The house price for Ontario is forecast to increase slightly in 2025, after declining by *** percent in 2023. From roughly ******* Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to ******* Canadian dollars in 2025. 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 2023 was an estimated **** million people. The median total family income in 2022 came to ******* Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.

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Metaverse Real Estate Market Size 2024-2028

The metaverse real estate market size is forecast to increase by USD 11.58 billion at a CAGR of 73.6% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for enriching virtual experiences. Virtual reality technology and mixed reality environments are becoming more prevalent, offering users unique and interactive spaces for socializing, working, and even purchasing virtual property. The adoption of blockchain technology for secure transactions adds an additional layer of trust and reliability to the market. However, the uncertainty of real estate market prices in the metaverse presents a challenge for potential buyers and sellers. As the market continues to evolve, it is essential for businesses and individuals to stay informed and adapt to the latest trends and technologies. The metaverse offers a new frontier for real estate transactions, providing a unique and innovative way to buy, sell, and own virtual property in an enriching environment.

What will be the Size of the Market During the Forecast Period?

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The market is a burgeoning sector that offers significant potential for businesses and individuals seeking new opportunities for virtual land transactions, design, ownership, and monetization. In this dynamic and ever-evolving digital landscape, virtual land sales and NFT real estate have emerged as key areas of focus. Virtual land is the foundation of the Metaverse, providing the space for experiences, monetization, and community building. Metaverse development companies and individual creators invest in virtual land design and ownership to build virtual worlds, host events, and create unique experiences for users.
Furthermore, these virtual spaces can range from simple plots of land to entire virtual cities, each offering unique opportunities for monetization and engagement. Metaverse technology enables the creation of virtual worlds that can replicate real-world experiences and offer new possibilities for commerce, entertainment, education, healthcare, and more. Virtual land auctions and infrastructure development are crucial components of Metaverse real estate, providing the foundation for the Metaverse economy and digital asset leasing. Virtual land ownership is a critical aspect of the market, offering individuals and businesses the ability to create and monetize their own virtual spaces. Virtual land design and architecture play a significant role in the value of virtual land, with unique and visually appealing designs commanding higher prices.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Enterprises
  Individuals


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By End-user Insights

The enterprises segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, driven by the increasing adoption of AR and VR technology by enterprises. With companies like Nike, Facebook, and Microsoft entering the virtual world, the demand for virtual stores and digital assets has increased. The major catalyst fueling this growth is the expanding NFT and virtual land ecosystems. In the metaverse, enterprises can purchase virtual plots or houses and tokenize them as digital assets using blockchain technology, often with cryptocurrencies such as bitcoin. The advent of Web 3.0 further accelerates this trend, enabling seamless transactions and interactions in the digital world. As businesses continue to explore the potential of the metaverse, the market is poised for continued expansion. This presents a lucrative investment opportunity for businesses seeking to establish a presence in the virtual realm.

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The enterprises segment was valued at USD 225.80 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 78% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing significant expansion, fueled by technological advancements in virtual reality, augmented reality, and blockchain technology. Major tech companies and

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.

Property-Plant-and-Equipment-Gross Time Series for Marcus & Millichap Inc. Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers real estate services comprising commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets/financing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, preferred equity, and securitization services, as well as loan sales and due diligence services to commercial real estate owners, developers, and investors. In addition, the company provides advisory and consulting services, which include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services; and leasing services for tenants and/or landlords in connection with commercial real estate leases. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.

An interactive chart showcasing completed Detached House and Condo Apartment pre-sales and new construction sales in the Metro Toronto area for the last three years, with a focus on the most recent month's data.

Canada E-Commerce Transactions: AOV: Business & Consumer Services: Real Estate data was reported at 7.322 USD in 16 Nov 2023. This records a decrease from the previous number of 18.300 USD for 14 Nov 2023. Canada E-Commerce Transactions: AOV: Business & Consumer Services: Real Estate data is updated daily, averaging 11.317 USD from Jan 2019 (Median) to 16 Nov 2023, with 62 observations. The data reached an all-time high of 355.614 USD in 15 Mar 2022 and a record low of 2.261 USD in 24 Oct 2023. Canada E-Commerce Transactions: AOV: Business & Consumer Services: Real Estate data remains active status in CEIC and is reported by Grips Intelligence Inc.. The data is categorized under Global Database’s Canada – Table CA.GI.EC: E-Commerce Transactions: by Category.