Average House Prices In Canada

One of the major attractions of a move to Canada is the cost of housing compared with other western countries.

As happens everywhere, 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.

Canadian Cities
Average House Prices
November 2007

Province Average House Price
Vancouver, BC $566,000
Calgary, Alb $400,000
Toronto, Ont $395,000
Ottawa, Ont $277,000
Montreal, Que $242,000
Halifax, NS $209,000
Regina, Sask $200,000
Fredericton, NB $131,000

Canadian Provinces
Average House Prices
November 2007

Province Average House Price
British Columbia $453,000
Alberta $353,000
Ontario $313,000
Quebec $217,000
Saskatchewan $194,000
Nova Scotia $175,000
Manitoba $173,000
Newfoundland / Labrador $146,000
Prince Edward Island $137,000
New Brunswick $134,000
Canadian Average $314,000

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Source: The above information is copied from

Najib Shams

Najib Shams

Sales Representative
CENTURY 21 King's Quay Real Estate Inc., Brokerage*
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