HomeWhat is the average home price in Canada?
The average home price in Canada was $696,179 as of June 2024 — which is an annual decline of -1.60% from Canada's average home price of $707,572 in June 2023.
Provincial Home Prices
British Columbia has the highest average home price of $988,632 as of June 2024. Ontario's average home price is the second most expensive in Canada at $905,384 — despite a -2.30% year-over-year decrease (the largest annual decrease of all the provinces).
While the average home price in Canada saw a year-over-year decrease of -1.60% many of the provinces had positive annual home price growth. Newfoundland and Labrador had the highest annual home price growth at 9.90% — which saw the average home price go from $290,018 in June 2023 to $306,184 in June 2024.
Frequently Asked Questions
What is the average home price in Vancouver? The average home price in Vancouver is $1,349,985 which is a 6.2% year-over-year increase.
What is the average home price in Manitoba? The average home price in Manitoba is $383,396 which is a 5.8% year-over-year increase.
What is the average home price in Winnipeg? The average home price in Winnipeg is $407,721 which is a 5.6% year-over-year increase.
What is the average home price in Alberta? The average home price in Alberta is $503,502 which is a 9.2% year-over-year increase.
Source: CREA