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.

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.

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).

Average House Prices in Canada decreased to 712400 CAD in February from 718500 CAD in January 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 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.

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

Housing Index in Canada increased to 124.50 points in February from 124.40 points in January of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada House Price Index: New Housing: Ontario: London data was reported at 142.500 Dec2016=100 in Jan 2025. This stayed constant from the previous number of 142.500 Dec2016=100 for Dec 2024. Canada House Price Index: New Housing: Ontario: London data is updated monthly, averaging 67.900 Dec2016=100 from Jan 1981 (Median) to Jan 2025, with 529 observations. The data reached an all-time high of 148.100 Dec2016=100 in Sep 2022 and a record low of 31.800 Dec2016=100 in Jan 1981. Canada House Price Index: New Housing: Ontario: London 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.

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.

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.

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

Graph and download economic data for Housing Inventory: Median Listing Price in Ontario, OR-ID (CBSA) (MEDLISPRI36620) from Jul 2016 to Feb 2025 about Ontario, ID, OR, 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.

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.

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.

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 ...).

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.

Canada House Price Index: New Housing: Ontario: Greater Sudbury data was reported at 117.800 Dec2016=100 in Jan 2025. This stayed constant from the previous number of 117.800 Dec2016=100 for Dec 2024. Canada House Price Index: New Housing: Ontario: Greater Sudbury data is updated monthly, averaging 86.200 Dec2016=100 from Jan 1981 (Median) to Jan 2025, with 529 observations. The data reached an all-time high of 122.000 Dec2016=100 in Oct 2022 and a record low of 54.700 Dec2016=100 in Jan 1981. Canada House Price Index: New Housing: Ontario: Greater Sudbury 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.

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.