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.

Housing Index in Canada decreased to 122.20 points in October from 122.70 points in September of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Canada house prices dropped 1.8% YoY in Oct 2025, following a decrease of 1.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1982 to Oct 2025, with an average growth rate of 5.1%.
• House price data reached an all-time high of 16.5% in Mar 1989 and a record low of -9.7% in Apr 1991.

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 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).

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.

Home affordability has worsened substantially in Canada since 2021. In the first quarter of 2025, the monthly single-family mortgage payment amounted to approximately 61.7 percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted 46.5 percent of a household's income.

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.

The average price for a house in Quebec stood at approximately ******* Canadian dollars in 2024 and was set to increase slightly in the next two years. In 2025, the average price is forecast to reach ******* 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 **** million people in 2023. It is the second most populated province in Canada, and the second-largest by land size, as it is ***** 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.

The Canadian condominiums and apartments market is projected to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.00% during the forecast period of 2025-2033, reaching a market size of XX million by 2033. This growth is primarily attributed to factors such as increasing urbanization, rising disposable incomes, and a growing population. The market is expected to be driven by demand from both domestic and international buyers, particularly in major urban centers like Toronto, Montreal, and Vancouver. Key trends in the market include the increasing popularity of luxury condominiums, the rise of co-living spaces, and the integration of smart technology and amenities. The market is also witnessing increased investment from institutional investors, as well as a growing focus on sustainability and energy efficiency. However, factors such as rising interest rates, affordability concerns, and supply chain disruptions could restrain the market's growth in the short to medium term. Recent developments include: December 2022: The Equiton Residential Income Fund Trust (The Apartment Fund) acquired a multi-family residential property in Toronto, Ontario. The property was purchased for USD 50 million. The Ravine Park Apartments will include seven stories, 169 units, and 183 combined indoor and outdoor parking spaces. It's close to public transportation, directly across the street from the upcoming Eglinton LRT Ionview Station, within walking distance of the Kennedy Subway and GO stations, and various amenities., October 2022: Rentsync and Urbanation collaborated to create a comprehensive market data platform for rental housing properties in Canada. The two companies were discussing a partnership for over a year. Urbanation and Rentsync will publish monthly reports that aggregate and analyze rental data across all market segments. They will include data-driven information on overall rents, rents by unit type, rents per sq ft, availability, turnover rates, and more.. Key drivers for this market are: 4., Development of sustainable and energy-efficient transportation infrastructure4.; Growth in demand for new road and railway construction projects. Potential restraints include: 4., Funding is a major challenge for infrastructure construction and maintenance. Notable trends are: Increased demand for affordable housing driving the market.

Unlock the potential of your home equity! Explore the booming home equity loan market, projected to reach $41.18 billion by 2033. Learn about market trends, top lenders (Bank of America, Discover Bank, LoanDepot), and regional insights in our comprehensive analysis. Discover how HELOCs and fixed-rate loans are shaping the future of home financing. Recent developments include: In April 2022, Redfin a real estate company based in Seattle (United States) acquired Bay Equity Home Loans with a sum of USD 137.8 Million. The merger accelerates Redfin’s strategy for expanding its business with customers to buy, sell, rent, and finance a home., In July 2022, Ontario Teachers’ Pension Plan Board acquired HomeQ which exists as a parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. HomeEquity Bank exist as a Canadian Bank offering a range of reverse mortgage solutions product and Ontario Teachers' Pension Plan Board is a global investor.. Key drivers for this market are: Increase In Sales of Household Units, Higher Duration of Repayment. Potential restraints include: Increase In Sales of Household Units, Higher Duration of Repayment. Notable trends are: Access to Large Amount of Loan.

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.

The size of the Home Equity Loan Market market was valued at USD 30.74 Million in 2024 and is projected to reach USD 39.11 Million by 2033, with an expected CAGR of 3.50% during the forecast period. Recent developments include: In April 2022, Redfin a real estate company based in Seattle (United States) acquired Bay Equity Home Loans with a sum of USD 137.8 Million. The merger accelerates Redfin’s strategy for expanding its business with customers to buy, sell, rent, and finance a home., In July 2022, Ontario Teachers’ Pension Plan Board acquired HomeQ which exists as a parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. HomeEquity Bank exist as a Canadian Bank offering a range of reverse mortgage solutions product and Ontario Teachers' Pension Plan Board is a global investor.. Key drivers for this market are: Increase In Sales of Household Units, Higher Duration of Repayment. Potential restraints include: Increase In Sales of Household Units, Higher Duration of Repayment. Notable trends are: Access to Large Amount of Loan.

Prospective homebuyers in Vancouver, British Columbia, and Toronto, Ontario, needed an annual income of over ******* Canadian dollars in June 2025 to qualify for the average priced home. In Vancouver, this figure was approximately ******* Canadian dollars. British Columbia and Ontario, are Canada's most expensive provinces for housing. According to a January 2025 forecast by the Canadian Real Estate Association (CREA), the housing market is expected to grow in the next two years, which is likely to worsen home affordability.

The Canada Senior Living Market is Segmented by Province (Alberta, Nova Scotia, Quebec, British Columbia, Ontario, and the Rest of Canada). The Report Offers Market Size and Forecast in Value (USD) for all the Above Segments.

Discover the booming Canadian senior living market! Our comprehensive analysis reveals a market exceeding $15 billion CAD in 2025, projected to grow at a CAGR over 5% until 2033. Learn about key drivers, trends, challenges, and top players shaping this dynamic industry. Recent developments include: Oct 2022: Optima Living and joint venture partner Axium Infrastructure have purchased eight seniors' supportive-living homes in Alberta and British Columbia from H&H Total Care Services for more than USD 300 million. With this sale, the joint venture now has 18 care facilities in British Columbia and Alberta. Optima operates over 2,200 beds, providing congregate living options for seniors., Oct 2022: Enquire, Glennis, and Sherpa have joined forces to create the senior living industry's market-leading software platform, uniquely positioned to improve the lives of older adults and those who care for them by delivering the first comprehensive, scalable end-to-end software solution designed by and for senior living providers. The merged firm will service more than 50 of the top 150 senior housing operators, as well as over 800 clients representing 5,700 locations in the senior living, post-acute, and home care sectors., Feb 2022: Sienna Senior Living announced an agreement to acquire a 50% ownership interest in a portfolio of 11 senior living assets in Ontario and Saskatchewan, consisting of 1,048 high-quality, private-pay suites. Sienna will acquire the portfolio in partnership with Sabra, which is acquiring the other 50% interest, with Sienna as the manager of the portfolio. Sienna and Sabra will acquire the portfolio from Extendicare Inc., with the portfolio representing the entirety of Extendicare's currently owned private-pay retirement properties in Canada.. Notable trends are: Rise in Investments for Senior Housing.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home furnishings stores in Canada serve as a vital retail channel connecting consumers with décor, textiles, lighting and household accessories across diverse market segments. The industry is expected to generate $10.5 billion in revenue in 2025, achieving 0.8% growth as retailers navigated recovery from post-pandemic volatility characterized by earlier demand surges followed by sharp contraction. Over the five-year period ending 2025, revenue expanded at a modest 0.4% CAGR, reflecting mature market dynamics shaped by elevated interest rates, persistent inflation and supply chain disruptions compressing the profit margin. Digital transformation has emerged as the defining competitive imperative, with e-commerce channels capturing accelerating share as major retailers invest in augmented reality visualization tools and omnichannel fulfillment capabilities to defend positions against online pure-plays. Consumer preferences have shifted toward customization, sustainability and multifunctional designs, while regulatory scrutiny of marketing practices intensified following investigations into potentially deceptive promotional tactics by market-leading chains. The industry structure remains highly fragmented with over 10,000 established stores competing across national banners, regional chains, specialty independents and digital-native brands. Low barriers to entry sustain competitive intensity, though operators face substantial cost pressures across purchase expenses representing the largest component, labor remuneration challenged by productivity declines and fixed rental obligations for large-format showrooms. Geographic concentration centers on Ontario commanding over one-third of market share driven by Greater Toronto's population density, while Quebec delivers steady growth through affordable housing markets and British Columbia leads projected expansion fueled by immigration and eco-conscious demographics. Buyers wield significant bargaining power through abundant choice and price transparency intensifying promotional pressures, while suppliers exert leverage via import concentration and branded portfolio control, though moderately fragmented manufacturing bases provide alternatives. The outlook anticipates accelerating momentum with revenue projected to reach $11.9 billion by 2030, representing 2.5% CAGR as digital channels eliminate traditional barriers through advanced visualization technologies, sustainability demands intensify from environmentally conscious generations and smart furniture integration transitions to mainstream. E-commerce platforms offering augmented reality previews and virtual try-before-you-buy experiences will capture expanding share, compelling traditional retailers to invest in mobile-responsive platforms and seamless omnichannel integration. Environmental responsibility will evolve from competitive differentiator to baseline expectation as younger consumers prioritize eco-conscious designs, while physical retail transforms into experiential hubs complementing digital channels through hybrid strategies combining showroom consultations with online transaction completion.​

Between 2022 and 2025, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly ***** percent higher in the last quarter of 2025 than in 2024, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2024 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2024, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.