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 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.

Housing Index in Canada decreased to 123.70 points in May from 124 points in April of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Condominiums and Apartments Market size was valued at USD 95.76 Billion in 2024 and is projected to reach USD 149.21 Billion by 2032, growing at a CAGR of 5.7% from 2026 to 2032.

Canada Condominiums and Apartments Market Drivers

Concentration in Urban Centers: Canada's population is increasingly concentrated in major urban centers like Toronto, Vancouver, and Montreal, driving demand for high-density housing solutions like condos and apartments.

Immigration: Canada's immigration policies contribute to population growth, primarily in urban areas, further fueling demand for housing.

Rising Single-Family Home Prices: The escalating cost of single-family homes in major cities makes condominiums and apartments a more affordable housing option for many.

First-Time Homebuyers: Condos and apartments are often the entry point into the housing market for first-time buyers, particularly young professionals and couples.

Rental Market: The rental market is strong, and apartments provide a crucial housing option for those not ready or able to purchase.

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.

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.