The Ultimate Guide to Housing Costs in Major Canadian Cities
Get an insider's look at the average housing costs in Canada's largest cities, from apartments to detached houses.
Canada Housing CostsCanadian Real EstateHousing MarketHomebuyingCanada CitiesReal Estate NewsAug 22, 2024
According to a report by CIC News, the data was collected from listing websites like realtor.ca and zillow.com, as well as housing boards like the Canadian Real Estate Association (CREA) and the Canadian Housing and Mortgage Corporation (CHMC). The figures provided represent average housing prices, but actual costs can vary significantly depending on the neighborhood, timing of the purchase, and type of property.
Alberta
Calgary is a popular destination for homebuyers, with average housing prices ranging from $325,863 CAD for a one-bedroom apartment to $1,018,888 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $325,863 CAD
Average price of a two-bedroom, two-bathroom apartment $414,427 CAD
Three-bedroom, two-bathroom properties $443,443 CAD
Townhouse $482,774 CAD
Detached house $1,018,888 CAD
British Columbia
Vancouver is known for its high housing costs, with average prices ranging from $597,051 CAD for a one-bedroom apartment to $8,493,824 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $597,051 CAD
Average price of a two-bedroom, two-bathroom apartment $1,444,846 CAD
Three-bedroom, two-bathroom properties $2,662,771 CAD
Townhouse $1,626,282 CAD
Detached house $8,493,824 CAD
Surrey is another popular destination in British Columbia, with average housing prices ranging from $451,920 CAD for a one-bedroom apartment to $2,364,226 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $451,920 CAD
Average price of a two-bedroom, two-bathroom apartment $616,574 CAD
Three-bedroom, two-bathroom properties $808,187 CAD
Townhouse $1,239,000 CAD
Detached house $2,364,226 CAD
Manitoba
Winnipeg is a more affordable option for homebuyers, with average housing prices ranging from $159,567 CAD for a one-bedroom apartment to $459,325 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $159,567 CAD
Average price of a two-bedroom, two-bathroom apartment $317,400 CAD
Three-bedroom, two-bathroom properties $346,117 CAD
Townhouse $391,575 CAD
Detached house $459,325 CAD
Nova Scotia
Halifax is a popular destination for homebuyers, with average housing prices ranging from $471,092 CAD for a one-bedroom apartment to $764,766 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $471,092 CAD
Average price of a two-bedroom, two-bathroom apartment $732,532 CAD
Three-bedroom, two-bathroom properties $771,540 CAD
Townhouse $578,833 CAD
Detached house $764,766 CAD
Ontario
Toronto is one of the most expensive cities in Canada, with average housing prices ranging from $671,092 CAD for a one-bedroom apartment to $4,713,735 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $671,092 CAD
Average price of a two-bedroom, two-bathroom apartment $920,588 CAD
Three-bedroom, two-bathroom properties $2,952,402 CAD
Townhouse $992,280 CAD
Detached house $4,713,735 CAD
Ottawa is another popular destination in Ontario, with average housing prices ranging from $399,544 CAD for a one-bedroom apartment to $1,020,820 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $399,544 CAD
Average price of a two-bedroom, two-bathroom apartment $568,338 CAD
Three-bedroom, two-bathroom properties $789,717 CAD
Townhouse $629,665 CAD
Detached house $1,020,820 CAD
Quebec
Montreal is a popular destination for homebuyers, with average housing prices ranging from $420,616 CAD for a one-bedroom apartment to $1,091,333 CAD for a detached house.
Average price of a one-bedroom, one-bathroom apartment $420,616 CAD
Average price of a two-bedroom, two-bathroom apartment $871,050 CAD
Three-bedroom, two-bathroom properties $997,473 CAD
Townhouse $782,850 CAD
Detached house $1,091,333 CAD
Frequently Asked Questions
What is the average price of a one-bedroom apartment in Calgary?
$325,863 CAD
What is the average price of a detached house in Vancouver?
$8,493,824 CAD
What is the average price of a two-bedroom apartment in Toronto?
$920,588 CAD
What is the average price of a townhouse in Ottawa?
$629,665 CAD
What is the average price of a three-bedroom house in Montreal?
$997,473 CAD
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora