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 average price for a house in Quebec stood at approximately 522,828 Canadian dollars in 2024 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach 566,620 Canadian dollars. Meanwhile, the national average house price was forecast to pick up in 2025. Compared to other provinces, Quebec was the third-most expensive province to buy housing in Canada, after British Columbia and Ontario. Quebec Located on the eastern side of Canada, Quebec had an estimated population of almost nine million people in 2023. It is the second most populated province in Canada, and the second-largest by land size, as it is three times the size of Texas. The largest city in Quebec is Montreal, which is close to the Vermont border in the United States. The median total family income in Quebec has been steadily rising since 2000. Housing Prices in Canada Housing prices in Canada vary province to province. The most expensive average house price was in British Columbia in 2024. Vancouver, the most populated city in British Columbia, is known for its high-priced real estate market. However, housing prices all over Canada have increased in the past couple of years.

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: Montreal data was reported at 119.100 2007=100 in Dec 2016. This records an increase from the previous number of 119.000 2007=100 for Nov 2016. Canada House Price Index: New Housing: Montreal data is updated monthly, averaging 65.350 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 119.100 2007=100 in Dec 2016 and a record low of 34.000 2007=100 in Jan 1981. Canada House Price Index: New Housing: Montreal 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.

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.

Canada House Price Index: Annual: New Housing: Quebec: Montreal data was reported at 152.025 Dec2016=100 in 2024. This records an increase from the previous number of 151.642 Dec2016=100 for 2023. Canada House Price Index: Annual: New Housing: Quebec: Montreal data is updated yearly, averaging 66.754 Dec2016=100 from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 152.025 Dec2016=100 in 2024 and a record low of 30.017 Dec2016=100 in 1981. Canada House Price Index: Annual: New Housing: Quebec: Montreal 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 average price for a house in Quebec stood at approximately 487,000 Canadian dollars in 2023 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach 512,000 Canadian dollars. Meanwhile, the national average house price was forecast to pick up in 2025. Compared to other provinces, Quebec was the third-most expensive province to buy housing in Canada, after British Columbia and Ontario. Quebec Located on the eastern side of Canada, Quebec had an estimated population of almost nine million people in 2022. It is the second most populated province in Canada, and the second-largest by land size, as it is three times the size of Texas. The largest city in Quebec is Montreal, which is close to the Vermont border in the United States. The median total family income in Quebec has been steadily rising since 2000. Housing Prices in Canada Housing prices in Canada vary province to province. The most expensive average house price was in British Columbia in 2022. Vancouver, the most populated city in British Columbia, is known for its high-priced real estate market. However, housing prices all over Canada have increased in the past couple of years.

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 136.8, which means that house price growth has outpaced income growth by almost 37 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.

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.

Canada Construction Price Index: Apartment Building: Montreal data was reported at 139.600 1997=100 in 2007. This records an increase from the previous number of 134.900 1997=100 for 2006. Canada Construction Price Index: Apartment Building: Montreal data is updated yearly, averaging 129.700 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 139.600 1997=100 in 2007 and a record low of 117.400 1997=100 in 2003. Canada Construction Price Index: Apartment Building: Montreal data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

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 ...).

New condominium apartment price index (NCAPI) by census metropolitan area. 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 for the index is 2017=100.

Canada Construction Price Index: Residential: Apartment: Montreal data was reported at 103.200 2023=100 in Dec 2024. This records an increase from the previous number of 102.800 2023=100 for Sep 2024. Canada Construction Price Index: Residential: Apartment: Montreal data is updated quarterly, averaging 77.700 2023=100 from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 103.200 2023=100 in Dec 2024 and a record low of 65.300 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: Montreal data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

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.

Canada Construction Price Index: Residential: Apartment: Low Rise: Montreal data was reported at 103.000 2023=100 in Dec 2024. This records an increase from the previous number of 102.700 2023=100 for Sep 2024. Canada Construction Price Index: Residential: Apartment: Low Rise: Montreal data is updated quarterly, averaging 77.450 2023=100 from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 103.000 2023=100 in Dec 2024 and a record low of 64.800 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Apartment: Low Rise: Montreal data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

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.

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 2025 is expected to reach almost 525,500. 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.

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.

The Report Covers Canada Commercial Real Estate Industry Outlook for the Next 5 Years and is Segmented by Type (office, Retail, Industrial, Multi-Family, and Hospitality) and by City (Toronto, Vancouver, Calgary, Ottawa, Montreal, Edmonton, and the Rest of Canada). The Report Offers Market Size and Forecasts for the Commercial Real Estate Market in Canada in Terms of Value (USD) for all the Above Segments.