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 average sales price decreased for all property types in Greater Vancouver, Canada in 2023. Buying a condo as of January 2023 would cost a home buyer about ******* Canadian dollars. Greater Vancouver is one of Canada's most important economic centers. It consists of ** municipalities, including Vancouver City, Surrey, Burnaby, Richmond, Coquitlam, and other.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Canada decreased to 123.40 points in June from 123.70 points in May of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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).

Canada House Price Index: Annual: New Housing: British Columbia: Vancouver data was reported at 128.483 Dec2016=100 in 2024. This records an increase from the previous number of 128.233 Dec2016=100 for 2023. Canada House Price Index: Annual: New Housing: British Columbia: Vancouver data is updated yearly, averaging 88.304 Dec2016=100 from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 128.525 Dec2016=100 in 2022 and a record low of 64.208 Dec2016=100 in 1985. Canada House Price Index: Annual: New Housing: British Columbia: Vancouver 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 house price in British Columbia in 2024 stood at about ******* Canadian dollars and, according to the forecast, is set to increase by ***********, reaching ********* Canadian dollars in the following year. The average house price in Canada is forecast to grow in the next two years.

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.

Canada House Price Index: New Housing: Vancouver data was reported at 102.500 2007=100 in Dec 2016. This stayed constant from the previous number of 102.500 2007=100 for Nov 2016. Canada House Price Index: New Housing: Vancouver data is updated monthly, averaging 85.350 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 103.300 2007=100 in Apr 2008 and a record low of 65.300 2007=100 in Jan 1986. Canada House Price Index: New Housing: Vancouver 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.

The Canadian residential real estate market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided CAGR and market size), is projected to experience steady growth at a Compound Annual Growth Rate (CAGR) of 3.20% from 2025 to 2033. This growth is fueled by several key drivers, including a growing population, particularly in major metropolitan areas like Toronto, Vancouver, and Montreal, increasing urbanization, and a persistent demand for housing across various segments. The market exhibits strong demand across diverse property types, encompassing apartments and condominiums, villas, and landed houses. While the market shows positive trends, certain constraints, such as rising interest rates, regulatory changes impacting foreign investment, and limited land availability in certain high-demand regions, could moderate growth in specific sub-markets. However, the overall market outlook remains optimistic, driven by ongoing population growth and a continued focus on infrastructural development within major cities and surrounding areas. Further segmentation reveals significant regional variations. While Toronto, Vancouver, and Montreal consistently dominate the market in terms of both volume and value, cities like Calgary, Ottawa, and Hamilton also contribute significantly. The presence of major players like Amacon, Concert Properties Ltd., and Brookfield Asset Management indicates substantial investment and competition within the sector. These companies and others cater to the diverse needs of the market, offering a range of housing options to accommodate varying budgets and lifestyles. The forecast period of 2025-2033 will likely witness shifts in market dynamics as developers adapt to evolving consumer preferences, government policies, and economic fluctuations, leading to opportunities for both established and emerging players. The market's resilience and diversity suggest continued investment opportunities and robust growth potential in the coming years. 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: Population Growth is the main driving factor, Government Initiatives and Regulatory Aspects for the Residential Real Estate Sector. Notable trends are: Immigration Policies are Driving the Market.

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 Canadian housing market, particularly in major urban centers, has experienced a prolonged period of rapid price appreciation, driven by factors such as low interest rates, strong population growth, and limited supply. According to the Canada Mortgage and Housing Corporation (CMHC), the national average house price rose by more than 50% between 2020 and 2022, with prices in some major cities, such as Toronto and Vancouver, increasing by even more. This rapid price growth has made it increasingly difficult for many Canadians to afford a home, especially in the country's most desirable markets. However, the Canadian housing market is starting to show signs of cooling in 2023, as rising interest rates and stricter mortgage lending rules from the government begin to take effect. The CMHC predicts that the national average house price will decline by 7.6% in 2023, with prices in some markets, such as Toronto and Vancouver, expected to fall by even more. This cooling is expected to continue in 2024, with the CMHC predicting a further decline in the national average house price of 3.2%. The long-term outlook for the Canadian housing market is more uncertain, but the CMHC expects that prices will continue to rise, albeit at a more moderate pace. The Canadian housing market is one of the most expensive in the world, with prices in major cities like Toronto and Vancouver soaring to record highs in recent years. This has led to a growing concern about affordability, as many Canadians are being priced out of the market. Key drivers for this market are: Increasing Adoption of Remote and Hybrid Work Model. Potential restraints include: Lack of Privacy. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.

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 Canada Residential Real Estate Market, valued at approximately $1.2 trillion CAD 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 urban centers like Toronto and Vancouver, increasing household incomes, and persistently low interest rates (though this factor is subject to change based on economic conditions). Furthermore, a continued preference for homeownership among Canadians, coupled with limited housing supply in many desirable locations, contributes to sustained demand. While challenges such as affordability concerns and potential interest rate hikes pose restraints, strong immigration and economic fundamentals underpin the positive outlook for the market. The market is segmented by property type (single-family homes, condominiums, townhouses), location (urban, suburban, rural), and price range, offering diverse investment opportunities for developers and investors alike. Major players like Aquilini Development, Century 21 Canada, Bosa Properties, and Brookfield Asset Management are shaping the market landscape through significant projects and investments. The forecast period (2025-2033) anticipates a gradual increase in market value, influenced by both economic conditions and governmental policies affecting housing affordability and construction. While fluctuations are expected, the long-term projections indicate consistent market expansion, driven by Canada's demographic trends and economic strength. Analyzing regional variations is crucial, as certain provinces and cities may experience more rapid growth than others, depending on local economic conditions, employment rates, and government regulations. Continuous monitoring of these factors is essential for accurate market forecasting and informed investment decisions. The projected market size in 2033, based on the provided CAGR, will represent a substantial increase in the total value of the Canadian residential real estate sector. 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.

Canada House Price Index: New Housing: British Columbia: Vancouver data was reported at 127.800 Dec2016=100 in Mar 2025. This records a decrease from the previous number of 127.900 Dec2016=100 for Feb 2025. Canada House Price Index: New Housing: British Columbia: Vancouver data is updated monthly, averaging 90.300 Dec2016=100 from Jan 1981 (Median) to Mar 2025, with 531 observations. The data reached an all-time high of 129.400 Dec2016=100 in Sep 2022 and a record low of 63.700 Dec2016=100 in Jun 1985. Canada House Price Index: New Housing: British Columbia: Vancouver 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.

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.

This dataset includes Statistics Canada table 46-10-0050-01, titled "Total family income and owner characteristics at the residential property level by income quintiles". The dataset has been split up into three tables: Table A includes the number of properties and average assessment value of properties by the owner's income quintile, the property type (eg. detached house, condominium), and by family type (lone-parent family, couple family, and other census family). Table B includes includes the number of properties and average assessment value of properties by the owner's income quintile, the property type (eg. detached house, condominium), and by pension income categories (eg. whether or not the owner of the property is receiving a pension). Table C includes includes includes the number of properties and average assessment value of properties by the owner's income quintile, the property type (eg. detached house, condominium), and by residency participation types (eg. whether the property is owned by resident owners only or a mix of resident and non-resident owners). The tables have been edited to include only geographies from British Columbia and to have the unique ID numbers added to the Census Subdivisions and Census Metropolitan Areas. The tables are available in CSV and Excel Workbook format. Definitions and notes are included at the bottom of the spreadsheet. This data set was collected as part of the Canadian Housing Statistics Program by Statistics Canada. Geographies: Abbotsford-Mission, census metropolitan area, Abbotsford, Mission, Kelowna, census metropolitan area, Central Okanagan, Central Okanagan J, Kelowna, Lake Country, Peachland, West Kelowna, Vancouver, census metropolitan area, Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley, city, Langley, municipal district, Lions Bay, Maple Ridge, Metro Vancouver A, New Westminster, North Vancouver, city, North Vancouver, municipal district, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver, White Rock, Victoria, census metropolitan area, Central Saanich, Colwood, Esquimalt, Highlands, Juan de Fuca (Part 1), Langford, Metchosin, North Saanich, Oak Bay, Saanich, Sidney, Sooke, Victoria, View Royal, British Columbia, outside of census metropolitan areas, Alberni-Clayoquot A, Alberni-Clayoquot B, Alberni-Clayoquot C, Alberni-Clayoquot D, Alberni-Clayoquot E, Alberni-Clayoquot F, Alert Bay, Armstrong, Ashcroft, Barriere, Bulkley-Nechako A, Bulkley-Nechako B, Bulkley-Nechako C, Bulkley-Nechako D, Bulkley-Nechako E, Bulkley-Nechako F, Bulkley-Nechako G, Burns Lake, Cache Creek, Campbell River, Canal Flats, Cariboo A, Cariboo B, Cariboo C, Cariboo D, Cariboo E, Cariboo F, Cariboo G, Cariboo H, Cariboo I, Cariboo J, Cariboo K, Cariboo L, Castlegar, Central Coast A, Central Coast C, Central Coast D, Central Coast E, Central Kootenay A, Central Kootenay B, Central Kootenay C, Central Kootenay D, Central Kootenay E, Central Kootenay F, Central Kootenay G, Central Kootenay H, Central Kootenay I, Central Kootenay J, Central Kootenay K, Chase, Chetwynd, Chilliwack, Clearwater, Clinton, Coldstream, Columbia-Shuswap A, Columbia-Shuswap B, Columbia-Shuswap C, Columbia-Shuswap D, Columbia-Shuswap E, Columbia-Shuswap F, Comox, Comox Valley A, Comox Valley B (Lazo North), Comox Valley C (Puntledge - Black Creek), Courtenay, Cowichan Valley A, Cowichan Valley B, Cowichan Valley C, Cowichan Valley D, Cowichan Valley E, Cowichan Valley F, Cowichan Valley G, Cowichan Valley H, Cowichan Valley I, Cranbrook, Creston, Cumberland, Dawson Creek, Duncan, East Kootenay A, East Kootenay B, East Kootenay C, East Kootenay E, East Kootenay F, East Kootenay G, Elkford, Enderby, Fernie, Fort St. James, Fort St. John, Fraser Lake, Fraser Valley A, Fraser Valley B, Fraser Valley C, Fraser Valley D, Fraser Valley E, Fraser Valley F, Fraser Valley G, Fraser Valley H, Fraser-Fort George A, Fraser-Fort George C, Fraser-Fort George D, Fraser-Fort George E, Fraser-Fort George F, Fraser-Fort George G, Fraser-Fort George H, Fruitvale, Gibsons, Gold River, Golden, Grand Forks, Granisle, Greenwood, Harrison Hot Springs, Hazelton, Hope, Houston, Hudson's Hope, Invermere, Juan de Fuca (Part 2), Kamloops, Kaslo, Kent, Keremeos, Kimberley, Kitimat, Kitimat-Stikine A, Kitimat-Stikine B, Kitimat-Stikine C (Part 1), Kitimat-Stikine C (Part 2), Kitimat-Stikine D, Kitimat-Stikine E, Kitimat-Stikine F, Kootenay Boundary A, Kootenay Boundary B / Lower Columbia-Old-Glory, Kootenay Boundary C / Christina Lake, Kootenay Boundary D / Rural Grand Forks, Kootenay Boundary E / West Boundary, Ladysmith, Lake Cowichan, Lantzville, Lillooet, Logan Lake, Lumby, Lytton, Mackenzie, Masset, McBride, Merritt, Midway, Montrose, Mount Waddington A, Mount Waddington B, Mount Waddington C, Mount Waddington D, Nakusp, Nanaimo, Nanaimo A, Nanaimo B, Nanaimo C, Nanaimo E, Nanaimo F, Nanaimo G, Nanaimo H, Nelson, New Denver, New Hazelton, North Coast A, North Coast C,...

Canada Luxury Residential Real Estate Market size was valued at USD 183.8 Billion in 2024 and is projected to reach USD 225.5 Billion by 2032, growing at a CAGR of 2.6% from 2026 to 2032.Key Market Drivers:Foreign Investment Attraction: According to Statistics Canada, non-resident ownership of residential properties will reach $43.5 billion in 2022, with a strong concentration in large metropolitan markets such as Vancouver and Toronto. According to the Canada Mortgage and Housing Corporation (CMHC), international purchasers are particularly interested in high-end homes in urban locations, which drives luxury market dynamics via capital inflow and investment diversification.

Residential real estate prices fell across most markets in Canada in 2023; however, two markets, North Bay and Sault Ste. Marie, ON, experienced double-digit growth. Metro Vancouver, one of Canada's most expensive markets for housing, recorded house price growth of **** percent. According to the forecast, prices are expected to increase in most markets under observation. In Vancouver, the increase is forecast at *** percent.

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.