The housing affordability in Canada was the lowest in Vancouver and the higher in Edmonton in 2023. In the third quarter of the year, the ratio of homeownership costs to income in Canada was 62.5 percent. On the other hand, in Vancouver, the ratio amounted to 102.6 percent.

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.

This table contains 516 series, with data for years 1996 - 1996 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (173 items: Canada; Newfoundland and Labrador; Health and Community Services St. John's Region, Newfoundland and Labrador; Health and Community Services Eastern Region, Newfoundland and Labrador; ...);  Occupancy status (3 items: Total, households; Renters; Owners).

Mississauga, ON and Kelowna, BC (July 20, 2021) — In a new report exploring housing affordability in Canada in 2021, RE/MAX found that one in three (33%) Canadian homebuyers is exploring alternative options to help them get a foot into the housing market. These include renting out a portion of a primary residence (21%), pooling finances with friends or family to purchase a home (13%) and living with like-minded neighbours in a co-op/shared living arrangement (7%). According to a Leger survey commissioned by RE/MAX, 42% of Canadians said the high price of real estate was a barrier to entry into the market. This is up just 4% over last year – surprising, given the consistent price growth experienced by housing markets from coast to coast over the past year. Among prospective homebuyers, millennials and Gen Z are most likely to consider alternative regions and communities, and/or financing options to keep affordability in play.

Housing Index in Canada decreased to 123.70 points in May from 124 points in April of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In late 2023, data centers were the type of building with the highest construction costs in Vancouver. That year, construction costs of hospitals stood between 670 and 850 Canadian dollars per square foot. Light and heavy industry buildings had the lowest construction costs. These costs are similar to those of other big Canadian cities, such as Montreal.

Core housing need, by tenure including first-time homebuyer and social and affordable housing status, Canada, provinces and territories, and selected census metropolitan areas (CMAs) and census agglomerations (CAs).

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022. Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent. According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

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.

Record level information on various "green" initiatives for rental housing projects, belonging to the Investment in Affordable Housing (IAH) program of the IA-Extension program. For example, this dataset indicates whether a new rental housing unit is an energy efficient build. The case number can be linked back to the Grants Ontario - Affordable Housing Information Management System dataset for further project information, including funding and location. *[IA]: Investment in Affordable Housing

The Canadian residential real estate market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 3.20% from 2025 to 2033. This growth is driven by several factors, including a growing population, particularly in major urban centers like Toronto, Vancouver, and Montreal, increasing urbanization, and a persistent demand for housing across various segments, from apartments and condominiums to villas and landed houses. Strong immigration numbers and a relatively robust economy contribute to sustained demand, although affordability concerns, particularly in high-density areas, represent a significant challenge. Government policies aimed at addressing housing affordability and supply shortages will play a crucial role in shaping the market's trajectory in the coming years. Competition among major developers like Aquilini Development, Bosa Properties, and Brookfield Asset Management, along with numerous smaller players, will continue to influence pricing and innovation within the sector. The market segmentation reveals significant regional disparities. Toronto, Vancouver, and Montreal consistently dominate the market share due to their economic dynamism and population density. However, cities like Calgary and Ottawa also contribute substantially, reflecting regional economic variations and the distribution of population growth across the country. While the apartment and condominium segment holds a considerable share, the demand for villas and landed houses remains significant, particularly in suburban and rural areas. The forecast period anticipates continued growth, but at a moderated pace compared to previous periods of rapid expansion, reflecting a more balanced market characterized by increasing affordability concerns and adjustments in government regulations. The consistent presence of established players and emerging developers indicates a dynamic and competitive landscape. Recent developments include: October 2022: Dye & Durham Limited ("Dye & Durham") and Lone Wolf Technologies ("Lone Wolf") have announced a brand-new integration that was created specifically for CREA WEBForms powered by Transactions (TransactionDesk Edition) to enable access to and communication with legal services., September 2022: ApartmentLove Inc., based in Calgary, has recently acquired OwnerDirect.com and finalized a rental listing license agreement with a significant U.S. aggregator as part of its ongoing acquisition and partnership plans. In 30 countries, ApartmentLove (APLV-CN) offers online house, apartment, and vacation rental marketing services.. Key drivers for this market are: Population Growth is the main driving factor, Government Initiatives and Regulatory Aspects for the Residential Real Estate Sector. Potential restraints include: Housing Supply Shortage, Interest rates and Financing. Notable trends are: Immigration Policies are Driving the Market.

This table is part of a series of tables that present a portrait of Canada based on the various census topics. The tables range in complexity and levels of geography. Content varies from a simple overview of the country to complex cross-tabulations; the tables may also cover several censuses.

The Canadian manufactured homes market, valued at approximately $1.5 billion CAD in 2025, is experiencing robust growth, projected to maintain a CAGR exceeding 3.00% from 2025 to 2033. This expansion is driven by several key factors. Increasing housing affordability concerns, particularly in urban centers, are pushing more Canadians towards cost-effective housing solutions like manufactured homes. Furthermore, advancements in construction technology and design are enhancing the quality, aesthetic appeal, and energy efficiency of these homes, leading to increased consumer demand. Government initiatives aimed at boosting affordable housing supply also contribute to market growth. The market is segmented by type into single-family and multi-family units, with the single-family segment currently dominating market share due to strong demand for individual homes. However, the multi-family segment is poised for significant growth due to increasing urbanization and rental demand. Leading companies like Alta-Fab Structures, ATCO, and Champion Home Builders are driving innovation and competition, shaping market dynamics. Challenges include fluctuating material costs and the need to overcome persistent misconceptions about the quality and durability of manufactured homes. The market’s future growth trajectory depends on several interlinked factors. Sustained economic growth will be crucial in maintaining the demand for affordable housing solutions. Effective regulatory frameworks promoting the adoption of manufactured homes and addressing any existing building codes that hinder their development will further stimulate growth. Furthermore, continued innovation in construction techniques and design, coupled with successful marketing campaigns to raise consumer awareness about the advantages of manufactured homes, will be instrumental in maximizing market potential. Competition among established players and the entry of new players will continue to shape the market landscape, leading to price adjustments and improved offerings. Addressing potential environmental concerns related to manufactured home production and disposal will be a key challenge in ensuring long-term sustainable growth. Recent developments include: December 2022: A community in Northern Ontario intends to construct 300 modular houses annually using a new facility. The mayor of Iroquois Falls in Northern Ontario claims that plans to construct a factory for modular homes are a "game changer." More than 150 local employment will be created as a result of the town's collaboration with Due North Housing to host new manufacturing plant for modular homes., February 2022: Robeson County has been chosen by Champion Home Builders Inc. as the location for a prefabricated housing manufacturing facility. The building is situated at 349 E. Railroad St. in Pembroke, where a Fleetwood Homes manufacturing plant formerly stood.. Notable trends are: The Rapid Rise of Affordable Manufacturing Housing Market in Canada.

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.

Number of provincially, territorially, regionally and municipally owned social and affordable housing assets for all provinces and territories.

The house price ratio in Canada peaked in the second quarter of 2022, followed by three quarters of decline and a slight rebound in 2023. 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 third quarter of 2024 amounted to *****, which means that house price growth has outpaced income growth by almost ** percent since 2015. Canadian home prices are fallingAfter several years of steady increase, Canadian house prices were forecast to fall slightly in 2023. This was also the case in British Columbia, which has consistently been the most expensive province for housing. This is likely because Vancouver, Canada's most expensive city, is located there. Canadian incomes on the riseIncomes 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.

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.

Persons living in acceptable housing and persons not living in acceptable housing (including persons whose housing falls below one, two or all three standards for affordability, suitability and condition of dwelling), by tenure including first-time homebuyer and social and affordable housing status, for Canada, regions and provinces.

This table is part of a series of tables that present a portrait of Canada based on the various census topics. The tables range in complexity and levels of geography. Content varies from a simple overview of the country to complex cross-tabulations; the tables may also cover several censuses.

Distribution by physical condition rating of provincially, territorially, regionally and municipally owned social and affordable housing assets. Values are presented for 2016.