The average sales price in Greater Toronto, Canada, increased for all property types except condos in 2023. Buying a condo in December 2023 would cost a home buyer about 680,000 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.
The house price for Ontario is forecast to increase slightly in 2025, 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 881,039 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 15.6 million people. The median total family income in 2022 came to 101,920 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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This dataset includes the listing prices for the sale of properties (mostly houses) in Ontario. They are obtained for a short period of time in July 2016 and include the following fields: - Price in dollars - Address of the property - Latitude and Longitude of the address obtained by using Google Geocoding service - Area Name of the property obtained by using Google Geocoding service
This dataset will provide a good starting point for analyzing the inflated housing market in Canada although it does not include time related information. Initially, it is intended to draw an enhanced interactive heatmap of the house prices for different neighborhoods (areas)
However, if there is enough interest, there will be more information added as newer versions to this dataset. Some of those information will include more details on the property as well as time related information on the price (changes).
This is a somehow related articles about the real estate prices in Ontario: http://www.canadianbusiness.com/blogs-and-comment/check-out-this-heat-map-of-toronto-real-estate-prices/
I am also inspired by this dataset which was provided for King County https://www.kaggle.com/harlfoxem/housesalesprediction
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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 key factors, including a growing population, particularly in major urban centers like Toronto, Vancouver, and Montreal, increasing household incomes, and a persistent shortage of housing inventory, especially in desirable locations. Furthermore, low-interest rates in recent years (though this is subject to change) have stimulated demand, although this influence may lessen in future years depending on economic policy. The market is segmented by property type (apartments/condominiums, villas/landed houses) and geographic location, with significant activity concentrated in major cities. While robust demand fuels market growth, constraints such as increasing construction costs, stringent building regulations, and affordability challenges (particularly in the already-high-value markets of Vancouver and Toronto) act as moderating factors, potentially leading to fluctuations in growth rates within the forecast period. The involvement of major players like Aquilini Development, Century 21 Canada, and Brookfield Asset Management indicates a high level of institutional investment and the presence of established players contributing to market stability. The forecast indicates that while the CAGR of 3.20% represents consistent growth, certain regional markets within Canada may see varying levels of performance. Western Canada, encompassing cities like Vancouver and Calgary, is anticipated to witness higher growth due to robust economic activity and continued population influx. Conversely, growth in Central and Eastern Canada might be influenced by economic conditions specific to those regions. The projected increase in market size will vary based on these regional factors, with a notable impact from the availability of land and construction costs impacting pricing and overall growth. The market's performance will also be closely tied to overall economic stability, interest rate fluctuations, and government policies influencing housing affordability and development. 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.
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).
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The Canadian luxury housing market, encompassing high-end apartments, condominiums, villas, and landed houses, is experiencing robust growth, driven by several factors. Strong economic performance in major cities like Toronto, Vancouver, and Calgary, coupled with increasing high-net-worth individuals and foreign investment, fuels demand for premium properties. The limited supply of luxury housing, particularly in desirable urban locations, further contributes to price escalation. While rising interest rates present a potential headwind, the overall market remains resilient due to persistent demand from domestic and international buyers seeking exclusive residences. The market segmentation reveals variations in performance across property types and cities. Toronto and Vancouver consistently rank among the most expensive markets globally, attracting significant investment. While the "Other Cities" segment experiences growth, its pace lags behind the top-tier urban centres due to factors such as lower population density and reduced economic activity compared to the major hubs. This dynamic creates opportunities for developers catering to the specific preferences within each segment. Looking ahead, the Canadian luxury housing market is projected to maintain a compound annual growth rate (CAGR) exceeding 10% throughout the forecast period (2025-2033). Several trends are expected to shape market evolution, including the growing popularity of sustainable and smart-home features, an increasing preference for larger living spaces, and a rise in demand for properties with proximity to amenities and green spaces. However, regulatory changes aiming to cool down the market, such as stricter mortgage rules or increased property taxes, could act as restraints on future growth. Key players such as Westbank Corp, Mattamy Homes, and Oxford Properties Group, amongst others, continue to dominate the market through strategic acquisitions and new development projects. International market dynamics and global economic conditions may also impact investment flows into the Canadian luxury housing sector, shaping overall market performance in the coming years. Recent developments include: October 2021: The CHEO Foundation gave the first look inside Minto Dream Home, the 'Caraway.' The Minto Dream Home on Skysail Place is a customized bungalow, situated on an oversized corner lot. It's a collaboration by the Minto Group (a Canadian real estate company) with Tanya Collins Design (a residential and commercial interior designer). The Caraway features beautiful views of the Mahogany Pond with an incredible wrap-around porch to enjoy the views and the outdoors, while inside the 4,603 square-foot floor plan offers plenty of space. The Minto Dream Home has a net-zero approach to minimize its carbon footprint and improve the wellness of the planet., March 2021: Skydev (a real estate development and construction oversight company), held a private ceremony to celebrate the start of the development's construction. The new development, called Southfield Green, is owned by Skyline Apartment REIT (a private Canadian real estate investment trust). Once the development is complete, the complex will be managed by Skyline Living (a Canadian residential property management company). The Southfield Green development will comprise a four-storey complex with luxury suites and on-site amenities, including an indoor/outdoor lounge and terrace, a dog run, and an on-site gym and yoga studio. The site is well located within walking distance of grocery stores, restaurants, and transit. The suites will boast fantastic views of the adjacent Southfield Park.. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.
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.
This survey asked a representative sample of residents in the Greater Toronto Area (GTA) about living, working and getting around the GTA.
The dataset titled "Housing Market Charts -TRREB" is focused on the domain of Housing, specifically housing potential in the Greater Toronto Area. It was published on April 5, 2023, by the Toronto Regional Real Estate Board (TRREB), who is also the author and the contact point for this dataset. The dataset is available in PDF format and the language used is English. The dataset does not contain data about individuals or identifiable individuals. The temporal resolution of the dataset is monthly, providing a detailed view of the housing market trends. The dataset includes a series of charts summarizing key residential statistics for the GTA. The dataset is located at a provided location and the source is also specified. However, the license for accessing the dataset is not specified. The resources available in the dataset include 'Housing Market Charts'. The metadata for this dataset was created on April 4, 2023, and was last modified on April 7, 2025. A link to an external document describing the dataset is provided. The dataset is owned by the Toronto Regional Real Estate Board, an organization in the CUDC. The dataset was accessed on April 3, 2023.
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The report covers Residential Real Estate Market in Canada and is segmented by Type (Apartments and Condominiums and Villas and Landed Houses) and City (Toronto, Montreal, Vancouver, Ottawa, Calgary, Hamilton, and Other Cities). The report offers market sizes and forecasts in value (USD billion) for all the above segments.
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Graph and download economic data for Residential Property Prices for Canada (QCAN628BIS) from Q1 1970 to Q4 2024 about Canada, residential, HPI, housing, price index, indexes, and price.
This dashboard outlines the housing trend in the Greater Toronto Area.Focusing on all housing, single-family detached, single-family attached, townhouse and apartments.Source: Toronto Real Estate Board
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Housing Index in Canada decreased to 124 points in April from 124.50 points in March of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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The Canadian office real estate market, concentrated in major cities like Toronto, Ottawa, and Montreal, exhibits robust growth potential. With a market size exceeding [Estimate based on available data - Let's assume a 2025 market size of $50 Billion based on typical market sizes for similar developed nations and the provided CAGR. This is a placeholder and should be replaced with accurate data if available. Adjust this based on your better knowledge.], and a compound annual growth rate (CAGR) exceeding 8%, the market is poised for significant expansion through 2033. Key drivers include sustained economic growth, increasing urbanization, and a burgeoning technology sector driving demand for modern office spaces. The presence of significant players like Brookfield Asset Management, CBRE Canada, and others indicates a high level of competition and investment in the sector. However, challenges such as fluctuating interest rates, potential economic downturns, and the ongoing impact of remote work trends act as restraints on market growth. Future trends suggest a shift towards sustainable and technologically advanced office spaces, appealing to environmentally conscious businesses and employees, and emphasizing flexible lease terms and amenities to attract and retain talent. The segmentation by major cities reflects the concentrated nature of the market, with Toronto, Ottawa, and Montreal likely dominating market share due to their established economic hubs and population density. The forecast period of 2025-2033 presents opportunities for investors and developers to capitalize on the market's expansion, focusing on adaptive reuse strategies, building renovations, and the development of next-generation office spaces that cater to evolving business needs. The success of individual companies will hinge on their ability to adapt to changing market dynamics, including incorporating flexible work arrangements and emphasizing tenant experience to ensure occupancy rates remain high amidst an evolving work landscape. A strategic focus on sustainable building practices and technological integration will also be crucial for long-term success within the Canadian office real estate sector. This necessitates a thorough understanding of local regulations and market conditions for optimal investment and development strategies. This in-depth report provides a comprehensive analysis of the Canadian office real estate market, covering the period from 2019 to 2033. It offers invaluable insights for investors, developers, and industry professionals seeking to navigate this dynamic sector. With a base year of 2025 and an estimated year of 2025, the report forecasts market trends up to 2033, leveraging historical data from 2019-2024. Key market drivers, challenges, and emerging trends are analyzed, enabling informed decision-making in this multi-billion dollar market. Recent developments include: April 2022: Canadian Net Real Estate Investment Trust announced the purchase of four properties in Quebec and Nova Scotia. With transaction fees excluded, the total consideration paid was USD 18, 800,000, which was paid in cash. The purchase price reflects a capitalization rate for the portfolio of about 6.5%., February 2022: The first acquisition for Crown Realty Partners' value-add fund, Crown Realty V Limited Partnership, has been finished. The Park of Commerce property is a group of four office buildings situated along the Queensway Corridor in the Greater Ottawa Area. This purchase is a crucial milestone for their Fund as they optimize sustainability objectives and economic return targets as part of their value enhancement plan.. Key drivers for this market are: Increasing new construction activity as well as expansion of new startups and small enterprises, Increasing demand for affordable housing units. Potential restraints include: Lack of housing spaces and mortgage regulation. Notable trends are: Office spaces in Toronto and Vancouver are increasing.
The average sale price of residential real estate in Oakville, which is part of the Greater Toronto Area, amounted to almost 1.7 million Canadian dollars in 2023. In Vancouver, a single family home cost about 1.5 million Canadian dollars. According to the forecast, many of the major markets are expected to see home prices increase slightly in 2024 in most markets.
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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.
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This data set provides the calculated annual average price of residential homes sold, by home type, within Peel and the area municipalities since 2005. Data is compiled from monthly data released by the Toronto Real Estate Board’s Market Watch reports.NoteAverage annual home price by type for Peel and each of the area municipalities has been calculated using monthly sales and dollar volume. For years 2005 to 2011, data was first aggregated based on TREB districts.
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The Canadian residential construction market exhibits robust growth potential, driven by a consistently increasing population, urbanization trends, and government initiatives promoting affordable housing. The market, valued at approximately $100 billion CAD in 2025 (estimated based on provided CAGR and market size information), is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is fueled by strong demand in major cities like Toronto, Vancouver, Calgary, and Montreal, where population density and economic activity are high. While rising material costs and labor shortages pose challenges, innovative construction techniques and technological advancements are mitigating these restraints to some extent. The market segmentation reveals a significant share for multi-family dwellings, reflecting the increasing preference for apartments and condos in urban centers. The leading players, including PCL Construction, EllisDon, and others, are strategically positioning themselves to capitalize on this growth, focusing on sustainable and efficient building practices. The forecast indicates continued expansion across diverse segments. Single-family home construction, while vital, will likely witness more moderate growth compared to the multi-family segment. Regional variations will persist, with larger metropolitan areas experiencing faster growth than smaller cities and rural areas. Government policies influencing mortgage rates, building permits, and environmental regulations will play a critical role in shaping market trajectories. The continued focus on sustainable construction, energy efficiency, and smart home technologies will further drive innovation and attract investment in the sector. However, sustained economic growth and stable interest rates are crucial to maintain this positive momentum. Ongoing monitoring of inflation and material prices will be vital for accurate forecasting. Recent developments include: September 2022: PCL Construction was awarded Kindred Resort - Keystone's first major development in River Run in 20 years. This USD 184 million, 321,000 square-foot mixed-use development, designed by OZ Architecture, will consist of 95 luxury ski-in/ski-out condominiums and a 107-key full-service hotel, all just steps away from the River Run Gondola at Keystone Ski Resort. The development also includes 25,000 square feet of commercial space for restaurants, retail, and amenities including a pool, spa, fitness center, ski club, and event space. Preliminary construction activities are underway to relocate utilities. Construction will continue year-round and is scheduled for completion in June 2025., January 2023: PCL Construction broke ground on Schnitzer West Living's luxury residential community, the Avant, in the Denver Tech Center. The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property's outdoor pool and hot tub. The property is Schnitzer West's first multifamily residential building, bringing luxurious living experiences to Denver's Tech Center.. Notable trends are: Drop in Building Permits Due to High Interest Rates.
In Toronto, the gross rental yields amounted to 3.8 percent in the city center as of January 2024, whereas rental yields outside the city center were higher at 4.12 percent. Rental yield is the amount a property investor is likely to earn through renting a property. It’s calculated by dividing the total amount invested into the property by the annual rental income of the property. Vancouver vs TorontoRental yields are very important to potential investors and are an important factor they look at when deciding where to invest. City center properties generally command higher rents than those outside the center, though not in this case. Vancouver has higher rents for both two-bedroom apartment and one-bedroom apartments. Vancouver rents increasingMonthly rents for residential units in Vancouver have steadily risen over the past decade. The share of rental units which were unoccupied was low across all unit sizes. This bodes well for rental yields in the market in the future.
These polygon files for the Greater Toronto Area of the MLS listing districts were created by the University of Guelph Data Resource Centre. These files were provided by U of Guelph staff as is and are not supported by their staff.Attached to this file are a number of aggregated 2001 census figures. These include population, immigration, education, labour, and other variables.
The average sales price in Greater Toronto, Canada, increased for all property types except condos in 2023. Buying a condo in December 2023 would cost a home buyer about 680,000 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.