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 760,000 Canadian dollars. Greater Vancouver is one of Canada's most important economic centers. It consists of 21 municipalities, including Vancouver City, Surrey, Burnaby, Richmond, Coquitlam, and other.

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.

Dataset Description: Vancouver Housing Data

The data folder contains structured property information extracted from real estate listings. It includes CSV files where each row represents a property with details such as price, location, size, number of bedrooms and bathrooms, and additional features like heating, cooling, and garage availability. This folder serves as the primary storage for processed real estate data, which can be used for market analysis, pricing trends, and investment insights.

Data Source

Website: Remax Canada Date: February 16th, 2025

Tools & Technologies Used

• requests: Fetches web pages containing housing data
• BeautifulSoup: Parses HTML to extract required information
• pandas: Stores, processes, and exports structured data
• numpy: Handles missing values and numerical processing
• tqdm: Provides a progress bar for tracking the scraping process
• concurrent.futures.ThreadPoolExecutor: Enables parallel requests for faster data collection

Features Collected

• Address Details: streetAddress, addressLocality, addressRegion, postalCode
• Geolocation: latitude, longitude
• Property Description: description
• Pricing Information: price, priceCurrency
• General Property Attributes: Beds, baths, square footage
• Additional Property Features: Heating, cooling, lot size, garage, year built, etc.

Potential Applications

Real Estate Market Analysis: Price trends, demand, and supply insights. Investment Decisions: Identifying profitable locations. Property Feature Analysis: Understanding what factors influence pricing.

Graph and download economic data for All-Transactions House Price Index for Portland-Vancouver-Hillsboro, OR-WA (MSA) (ATNHPIUS38900Q) from Q2 1976 to Q1 2025 about Portland, OR, WA, appraisers, HPI, housing, price index, indexes, price, and USA.

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 house price in British Columbia in 2024 stood at about 982,100 Canadian dollars and, according to the forecast, is set to increase by two percent, reaching 1,001,871 Canadian dollars in the following year. The average house price in Canada is forecast to grow in the next two years.

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.

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.

Average House Prices in Canada decreased to 689200 CAD in April from 697600 CAD in March of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

Graph and download economic data for Housing Inventory: Median Listing Price in Portland-Vancouver-Hillsboro, OR-WA (CBSA) (MEDLISPRI38900) from Jul 2016 to May 2025 about Portland, OR, WA, listing, median, price, and USA.

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.

In the first quarter of 2023, the average sales price of detached single-family homes in Canada was approximately 656,000 Canadian dollars. Nevertheless, house prices varied greatly across different markets. For example, in Vancouver, housing was more than twice as expensive as the national average. The market with the most affordable housing was Saint John, where the average single-family detached home sold for approximately 337,000 Canadian dollars. In comparison to house prices, the average sales price of condominium apartments in all Canadian markets was lower.

In November 2024, a single-family house in Oak Bay cost 1.9 million Canadian dollars. Oak Bay was the most expensive suburb in Victoria, British Columbia, followed by Highlands and North Saanich. Victoria: an overview Victoria is the capital city of the province of British Columbia. The city is located south of Vancouver, and across the U.S. border from Seattle. In 2020, the average home price in Victoria was 961,000 Canadian dollars, which placed the city as the sixth most expensive Canadian city for residential real estate. Home affordability in Canada Housing affordability is, undoubtedly, one of the biggest barriers to homeownership in Canada. In 2023, the ratio of homeownership costs to income was 62.5 percent. Nevertheless, more expensive locations in the country had a higher ratio, with Vancouver exceeding 100 percent, suggesting that on average, mortgage payments exceeded the monthly income. Amid lower affordability and worsening homebuyer sentiment, house prices in some of Canada's markets are forecast to decline slightly in 2024.

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.

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.

Portland-Vancouver-Beaverton, OR-WA - All-Transactions House Price Index for Portland-Vancouver-Hillsboro, OR-WA (MSA) was 408.05000 Index 1995 Q1=100 in October of 2021, according to the United States Federal Reserve. Historically, Portland-Vancouver-Beaverton, OR-WA - All-Transactions House Price Index for Portland-Vancouver-Hillsboro, OR-WA (MSA) reached a record high of 408.05000 in October of 2021 and a record low of 28.52000 in April of 1976. Trading Economics provides the current actual value, an historical data chart and related indicators for Portland-Vancouver-Beaverton, OR-WA - All-Transactions House Price Index for Portland-Vancouver-Hillsboro, OR-WA (MSA) - last updated from the United States Federal Reserve on April of 2025.

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 four percent. According to the forecast, prices are expected to increase in most markets under observation. In Vancouver, the increase is forecast at two percent.

Portland-Vancouver-Beaverton, OR-WA - Housing Inventory: Average Listing Price Year-Over-Year in Portland-Vancouver-Hillsboro, OR-WA (CBSA) was -2.31% in April of 2025, according to the United States Federal Reserve. Historically, Portland-Vancouver-Beaverton, OR-WA - Housing Inventory: Average Listing Price Year-Over-Year in Portland-Vancouver-Hillsboro, OR-WA (CBSA) reached a record high of 16.23 in May of 2021 and a record low of -3.89 in August of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for Portland-Vancouver-Beaverton, OR-WA - Housing Inventory: Average Listing Price Year-Over-Year in Portland-Vancouver-Hillsboro, OR-WA (CBSA) - last updated from the United States Federal Reserve on May of 2025.

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.

This dataset contains the locations of properties owned by the City. Data currencyThis data in City systems is updated in the normal course of business, however priorities and resources determine how fast a change in reality is reflected in the database. The extract on this web site is updated weekly. Data accuracyLocations are based on matching addresses so locations are approximate.