The Canadian residential average house price was $337,231 in November, a gain of 19 percent compared to one year ago. The year-over-year increase in November continues to reflect the high degree to which the average was skewed downward last year by plummeting activity in Canada’s priciest markets, and then upward by rebounding activity. The average house price in November edged back from the peak reached in October.
National home sales activity last month shows how strongly the housing market has rebounded since the beginning of the year,’ said CREA President Dale Ripplinger. “As we predicted last April, the rebound in resale housing activity led the overall Canadian economy out of recession.”
Property Prices In Canada
November 2009
| Province |
House Price $ |
12 Month % change |
| Nova Scotia |
195,493 |
5.7 |
| Prince Edward Island |
151,427 |
6.9 |
| New Brunswick |
156,425 |
10.7 |
| Newfoundland & Labrador |
213,964 |
11.9 |
| Quebec |
234,915 |
8.4 |
| Ontario |
337,813 |
15.2 |
| Manitoba |
197,611 |
13.4 |
| Saskatchewan |
234,932 |
7.9 |
| Alberta |
350,081 |
3.5 |
British Columbia |
482,382 |
21.9 |
| Northwest Territories |
376,700 |
6.1 |
City House Prices In Canada
November 2009
| City |
House Price $ |
12 Month % change |
| Halifax |
239,514 |
0.0 |
| Saint John |
178,484 |
16.6 |
| Fredericton |
137,604 |
-12.4 |
| Quebec City |
215,487 |
12.3 |
| Montreal |
282,665 |
7.8 |
| Ottawa |
314,071 |
7.8 |
| Toronto |
418,502 |
13.5 |
| Hamilton |
310,777 |
9.1 |
| Winnipeg |
202,128 |
10.96 |
Regina |
245,753 |
10.6 |
| Saskatoon |
278,885 |
0.0 |
| Calgary |
401,201 |
4.4 |
| Edmonton |
318,402 |
0.0 |
| Vancouver |
622,564 |
22.0 |
| Victoria |
490,892 |
14.4 |
15 Dec 2009
Canada’s population continues to get older. As of July 1, 2009, the median age of Canada’s population was 39.5 years, up 2 months from the same date last year and up 3 years from 1999. Fertility rates persistently below the generation replacement level, and an increasing life expectancy are the main factors explaining the ageing process of the Canadian population. The most recent demographic projections indicate that the median age could reach 44 years during the 2030s.
As of July 1, 2009, Canada’s youngest population was in Nunavut, where the median age was 24.2 years and where children aged less than 15 represented 32.1% of the population. Among the provinces, Alberta had the lowest median age (35.6 years). Conversely, Newfoundland and Labrador had the highest median age of the country (42.9 years).
The working-age population
The working-age population, comprised of people aged 15 to 64, is also getting older. As of July 1, 2009, the median age of Canada’s working-age population was 40 years, up from 38 years in 1999.
Most of the baby boomers, the largest population cohorts in Canada’s history, are now part of the 45 to 64 age group. As of July 1, 2009, this age group accounted for 40.4% of the nation’s working-age population, the highest proportion observed so far. In 1999, about one-third of Canada’s working-age population was between the ages of 45 and 64.
As a result of the importance of the baby boomers and the baby bust that followed, the size of the working-age population would also get smaller in the years to come. As of July 1, 2009, the working-age population accounted for 69.5% of the Canadian population. This proportion could go down quickly to about 62.0% at the beginning of the 2030s and could continue to edge down afterwards.
Canada’s elderly
Canada still has one of the lowest proportions of seniors among the OECD countries. As of July 1, 2009, seniors aged 65 and over accounted for a record high 13.9% of the Canadian population, while children aged less than 15 constituted 16.6 %.
Canada’s proportion of seniors was below the OECD average of 14.3%. Countries with a proportion of seniors higher than Canada’s average include the United Kingdom (16.0%), France (16.6%) and Germany (20.2%). However, the United States had a lower proportion of seniors with 12.8%.
As the baby boomers enter this age group over the coming decades, the proportion of people 65 and over would increase at a fast pace. Projections show that seniors could account for close to 25.0% by the end of the 2030s. As of July 1, 2009, there were 1,291,600 people aged 80 and over in Canada. They represented 3.8% of the Canadian population.
data from Statistics Canada
3 Dec 2009