Canadian House Prices

Toronto : Ottawa : Ontario : Vancouver : Calgary : Edmonton : Ottawa : Montreal : Halifax : Nova Scotia

Average House Prices In Canada

One of the major attractions of a move to Canada for some is the cost of housing compared with their current location.

This particular attraction has faded somewhat recently because the strength of the Canadian dollar means new arrivals have less purchasing power than they had in previous years. House prices in Canada have continued to rise, while prices in many other countries have either changed little or fallen.

Prices are higher in Canada's big cities than they are in the surrounding towns.

Canada's highest house prices are found on the west coast in Vancouver / British Columbia, where the country's mildest weather is found.

Severe winter weather or remoteness from major markets usually results in low house prices - for example property prices are low in Manitoba and Prince Edward Island.

In 2007 prices in booming Alberta rose above prices in Ontario for the first time and, in the same vein, prices in Calgary rose above those in Toronto. In 2011 the situation has reversed and once again Toronto and Ontario homes cost more than in Calgary and Alberta.

Canadian Cities
Average House Prices
February 2011

City	Average House Price	12 Month Change
Vancouver, BC	$792,000	+ 19.4 %
Toronto, Ont	$454,000	+ 5.3 %
Calgary, Alb	$401,000	+ 2.3 %
Ottawa, Ont	$338,000	+ 5.9 %
Montreal, Que	$300,000	+ 4.6 %
Regina, Sask	$273,000	+ 3.4 %
Halifax, NS	$262,000	+ 4.2 %
Fredericton, NB	$153,000	+ 2.5 %

Canadian Provinces
Average House Prices
February 2011

Province	Average House Price	12 Month Change
British Columbia	$588,000	+ 18.0 %
Ontario	$360,000	+ 3.6 %
Alberta	$352,000	+ 2.4 %
Quebec	$252,000	+ 5.0 %
Saskatchewan	$251,000	+ 2.8 %
Newfoundland / Labrador	$240,000	+ 9.7 %
Manitoba	$222,000	+ 5.7 %
Nova Scotia	$207,000	- 4.8 %
New Brunswick	$151,000	+ 1.9 %
Prince Edward Island	$134,000	+ 2.8 %
Canadian Average	$365,000	+ 8.8 %