In 2024, housing has emerged as a crucial issue for Canadians, with attention on how changing interest rates, population growth, natural migration patterns, and other factors impact housing costs.
Following a comprehensive review of rental costs across Canada, CIC News has now published a guide detailing home-buying costs in major cities and population centers across the provinces. This guide includes:
Data was sourced from listing sites like realtor.ca and zillow.com, as well as from housing boards such as the Canadian Real Estate Association (CREA) and the Canada Mortgage and Housing Corporation (CMHC). Note that these figures are averages and may vary based on neighborhood, timing, and property type. Use these numbers as a general guide rather than precise indicators of housing costs.
Alberta
Calgary
Edmonton
CREA data shows the average price of all housing in Alberta was $486,828 CAD in July 2024, an 8.2% increase from 2023.
British Columbia
Vancouver
Surrey
CREA data shows the average price of all housing in British Columbia was $962,537 CAD in July 2024, a -0.5% decrease from 2023.
Manitoba
Winnipeg
CREA data shows the average price of all housing in Manitoba was $376,770 CAD in July 2024, a 6.9% increase from 2023.
New Brunswick
Moncton
CREA data shows the average price of all housing in New Brunswick was $308,800 CAD in July 2024, a 6.4% increase from 2023.
Newfoundland and Labrador
St. John’s
CREA data shows the average price of all housing in Newfoundland and Labrador was $297,000 CAD in July 2024, a 4.2% increase from 2023.
Nova Scotia
Halifax
CREA data shows the average price of all housing in Nova Scotia was $418,200 CAD in July 2024, a 4.4% increase from 2023.
Ontario
Toronto
Ottawa
CREA data shows the average price of all housing in Ontario was $837,685 CAD in July 2024, a -1.7% decrease from 2023.
Prince Edward Island
Charlottetown
CREA data shows the average price of all housing in Prince Edward Island was $365,000 CAD in July 2024, a -0.3% decrease from 2023.
Quebec
Montreal
Quebec City
CREA data shows the average price of all housing in Quebec was $525,732 CAD in July 2024, a 6.3% increase from 2023.
Saskatchewan
Saskatoon
CREA data shows the average price of all housing in Saskatchewan was $344,800 CAD in July 2024, a 4.5% increase from 2023.
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