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