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.

Canada House Price Index: New Housing: Calgary data was reported at 109.600 2007=100 in Dec 2016. This records an increase from the previous number of 109.400 2007=100 for Nov 2016. Canada House Price Index: New Housing: Calgary data is updated monthly, averaging 44.850 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 111.300 2007=100 in Feb 2015 and a record low of 23.700 2007=100 in Oct 1984. Canada House Price Index: New Housing: Calgary 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.

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).