Average House Price in Canada by City and Province

The national average home price in Canada was $666,538 in September 2026, a change of -1.6% from a year earlier, according to the Canadian Real Estate Association (CREA). CREA’s benchmark price for a typical home, the MLS Home Price Index (HPI), was $651,400 in CREA’s index data, and the HPI was -3.4% from the same month a year earlier. By type, the benchmark was $723,500 for a single-family house, $590,700 for a townhouse and $455,700 for an apartment. Provincial averages ranged from $346,510 in New Brunswick to $924,279 in British Columbia. The tables below list the provinces and the main cities, with the month each board reported.

Average house price by province

The table shows each province’s average sale price and MLS HPI benchmark for September 2026.

*Average: total value of homes sold divided by the number sold. Benchmark: the MLS HPI price of a typical home. Change: from the same month a year earlier. Figures: provincial REALTOR associations on CREA Stats, and a publisher of CREA data for the British Columbia, Alberta, Saskatchewan and Quebec averages and changes and for the change in New Brunswick.*

Average house price by city

Local boards don’t all publish the same measure, so the table names the one shown for each market, and boards report on different schedules, so the month is shown too. Toronto, Vancouver, Calgary, Edmonton and Montreal link to their own pages.

Benchmark: MLS HPI price of a typical home. Average: total sales value divided by sales. Median: the middle sale price. Areas follow each board’s own boundaries.

How prices have changed

Prices are lower than a year ago on both national measures: the average fell 1.6% and the benchmark 3.4%. Over five years the benchmark is 7.9% lower than in September 2021, and over ten years it is 31.4% higher than in September 2016.

The national average set its record of $816,720 in February 2022, and the benchmark peaked at $840,400 in March 2022. The September 2026 benchmark is 22.5% below that peak. CREA’s yearly national averages:

Buyer’s, seller’s or balanced market

CREA reads the balance between buyers and sellers from two measures. For months of inventory, below 3.6 months is a seller’s market and above 6.4 months a buyer’s market. There were 4.9 months of inventory nationally at the end of September 2026, close to that long-term average.

For the sales-to-new-listings ratio (SNLR), CREA treats readings between roughly 45% and 65% as generally consistent with a balanced market, against a long-term average of 54.7%; the national ratio was 48.8% in September 2026. Local readings can differ from the national one; the city sections below give some boards’ own figures.

Home price forecast

In its October 2026 forecast, CREA expected the national average price to reach $681,681 in 2026 (up 0.2%) and $689,909 in 2027 (up another 1.2%). For 2027 it expected gains below 2% in every province except Newfoundland and Labrador and Saskatchewan. CREA notes that this would make six and seven years in a row with the national average close to $700,000. Its October release said the next forecast would come in mid-January 2027.

The Canada Mortgage and Housing Corporation (CMHC), in its summer 2026 outlook update published July 22, 2026, expects prices to decline through 2026 and then grow only modestly. It points to slower population growth, economic uncertainty, high mortgage rates and slow income growth, and expects conditions to improve gradually in 2027 and 2028. CREA revises its forecast as interest rates and the economic outlook change, so a single year’s figure is best read as an estimate that can move.

Housing bubble or crash?

Of the two forecasters, CREA expects small gains and CMHC a decline through 2026 followed by modest growth. The Bank of Canada’s Financial Stability Report says the price of a typical home fell about 5% in the 12 months before the report and 20% from the 2022 peak, with the largest declines in Ontario and British Columbia. The report also looks at borrowers: over the next 12 months the last of the five-year fixed-payment mortgages taken out during the pandemic, about 12% of all outstanding mortgages, renew at payments about 15% higher on average, and households that need to refinance may not qualify if they have too little equity. It also reports that most borrowers have managed higher payments at renewal so far and that mortgage arrears remain low.

How to read the numbers: average, benchmark and median

An average is the total value of homes sold in a month divided by the number sold, so the mix of homes sold moves it: CREA notes the national average is heavily influenced by sales in Greater Vancouver and the Greater Toronto Area, and leaving those two markets out cut almost $178,000 from it in February 2022. The benchmark (MLS HPI) prices a “typical” home defined from the features of homes bought and sold, giving what CREA calls an “apples to apples” comparison across the country. A median is the middle sale price; some boards, such as Gatineau’s, report it instead. CREA says average or median prices can change a lot from one month to the next and paint an inaccurate picture of trends, while the benchmark compares like with like.

Seven more city markets

Ottawa

Ottawa’s composite benchmark was $623,500 in September 2026, a change of -0.3% from a year earlier. A single-family home’s benchmark was $705,100 and an apartment’s $380,800, the apartment down 6.1% in a year. Sales were 6.6% lower than a year earlier. More on living there: cost of living in Ottawa.

Winnipeg

The Winnipeg board reports averages by type rather than one overall price. In September 2026, a detached home averaged $459,020 (a change of 5% from a year earlier) and a condominium $287,877 (-3%). Total sales were 10% lower than a year earlier. See also cost of living in Winnipeg.

Halifax

The Nova Scotia board publishes an average for Halifax-Dartmouth: $585,650 in September 2026, a change of 0.4% from a year earlier, on 434 sales. Its benchmark is for the province: $423,200 for Nova Scotia, a change of -2.5% from a year earlier. See also cost of living in Halifax.

Hamilton

The benchmark for the Hamilton-Burlington-Haldimand-Niagara North area was $718,600 in September 2026, a change of -5.1% from a year earlier. New listings were 22.0% below a year earlier, and there were 4.6 months of supply. See also the Toronto housing market and cost of living in Hamilton.

Victoria

The Victoria board reports averages by type and no overall price. In October 2026, a single-family home in Greater Victoria averaged $1,259,665 (a change of -6.7% from a year earlier) and a condo apartment $568,389 (-7.8%). Total sales were 7.1% lower than a year earlier. For the choice between the two BC cities, see Victoria or Vancouver.

Saskatoon

Saskatoon’s residential benchmark was $439,600 in September 2026, about 2.5% higher than a year earlier. A detached home’s benchmark was $509,500 and an apartment’s $265,200. See also cost of living in Saskatchewan.

Regina

Regina’s residential benchmark was $343,900 in September 2026, about 2.9% higher than a year earlier. A detached home’s benchmark was $365,700 and an apartment’s $234,500.

Cheapest real estate markets

Provincial benchmarks ran from $341,700 in New Brunswick and $355,600 in Newfoundland and Labrador up to $868,900 in British Columbia. In the city table, five markets showed a price under $450,000: Regina (benchmark $343,900), Moncton (average $367,626), Thunder Bay (benchmark $384,900), Winnipeg (about $411,421, its sales value divided by sales; its detached average was $459,020) and Saskatoon (benchmark $439,600). For places to live ranked by overall cost, see the cheapest cities to live in Canada and the lists for Ontario, British Columbia and Quebec.

Homes under $200,000

Few typical prices in the markets above are under $200,000. Condo and apartment prices in four Prairie markets come in under $300,000: Edmonton’s condos averaged $208,672 in September 2026, Regina’s apartment benchmark was $234,500 and Saskatoon’s $265,200, and Winnipeg’s condominiums averaged $287,877. These are typical prices for board areas, so individual homes sell above and below them. For the steps of buying, see the offer process and home inspections.

Average home size

In Statistics Canada’s 2024 figures, the median single-detached house ranged from 1,380 square feet in New Brunswick to 2,130 in British Columbia among the provinces in the table below. The figures come from Statistics Canada’s Canadian Housing Statistics Program, which publishes the median total living area of homes by province or territory, property type and period of construction. The program has no provincial figures for Newfoundland and Labrador, no living-area figures for Prince Edward Island and none for condo apartments in New Brunswick. The table shows the 2024 medians it reports.

In Ontario, newer houses are larger and newer condos smaller: a house built in 1960 or earlier had a median of 1,520 square feet against 2,610 for one built from 2021 on, while condo apartments went from 1,030 square feet (built 1981 to 1990) to 661 (built from 2021 on). For what sets a detached house, a townhouse and a condo apart, see property types in Canada.

How square footage is measured

To find a home’s square footage, measure the length and width of each room or rectangular area in feet, multiply the two, and add up the areas. A square foot is a ninth of a square yard and a foot a third of a yard under the Weights and Measures Act, which makes one square foot 0.0929 square metres.

What a listed size includes depends on the province and on who measured it.

• Alberta: real estate licensees must measure and advertise homes under RECA’s Residential Measurement Standard. Houses, semi-detached homes and townhouses are measured along the exterior walls at the foundation, apartment-style condos along the interior walls (paint to paint), and a level that is partly below grade is left out of the measured area.
• British Columbia: the regulator, BCFSA, says agents and measuring companies use their own methods, and suggests asking the seller or their agent how the figure was arrived at and what it includes.
• Ontario, new homes: a builder doesn’t have to state a floor area, but one that does must use the Home Construction Regulatory Authority’s method. A house is measured to the outside face of its exterior walls on each floor above grade, a finished basement is stated separately, and unfinished basements and garages are left out. A condo unit is measured to the centre of the walls it shares with other units and the outside surface of its exterior and corridor walls, and the builder must note that usable floor space may vary from the stated floor area.

Price per square foot is the price divided by the living area; Statistics Canada works out assessment value per square foot the same way. A $600,000 home with 1,500 square feet works out to $400 a square foot. Building costs per square foot are in what it costs to build a house, and estimating what a home is worth in the home value estimator.

Where to go next

• City pages: Toronto, Vancouver, Calgary, Edmonton, Montreal
• Housing affordability in Canada: prices against incomes
• Rent or buy calculator
• Average rent in Canada
• Housing market reports
• Mortgage affordability calculator
• Land transfer tax calculator
• Average household expenses in Canada
• Property types in Canada: houses, townhouses, condos and other homes