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Home (House) Buying Tips - Home Buying Advice and Guide

Average House Prices in Canada | Canadian Home Prices

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 in Vancouver / British Columbia, on the west coast, where the country's mildest weather is found.

Severe winter weather or remoteness from major markets usually results in low house prices

The following house prices are based on properties sold through the Multiple Listing Service - Source: Canadian Real Estate Association, 2007 - 2008.

Average House Prices in the Greater Toronto Area
Date Average House Price
January-July 2010 $453,135
January-July 2011 $471,055

House Type Average House Price
Standard Two-Storey $515,625
Detached Bungalow $451,224
Townhouse $355,608
Condo (Two Bedrooms) $312,296

Average House Prices in Calgary
Date Average House Price
January-July 2010 $434,870
January-July 2011 $454,046

House Type Average House Price
Standard Two-Storey $485,678
Detached Bungalow $409,889
Townhouse $330,788
Condo (Two Bedrooms) $300,078

Average House Prices in Vancouver
Date Average House Price
January-July 2010 $657,529
January-July 2011 $689,890

House Type Average House Price
Standard Two-Storey $739,092
Detached Bungalow $689,916
Townhouse $524,713
Condo (Two Bedrooms) $401,415

Average House Prices in Montreal
Date Average House Price
January-July 2010 $314,661
January-July 2011 $326,556

House Type Average House Price
Standard Two-Storey $355,331
Detached Bungalow $316,453
Townhouse $250,048
Condo (Two Bedrooms) $201,816

Average House Prices in Ottawa
Date Average House Price
January-July 2010 $315,435
January-July 2011 $327,468

House Type Average House Price
Standard Two-Storey $359,222
Detached Bungalow $318,017
Townhouse $260,006
Condo (Two Bedrooms) $207,429

Average House Prices in Edmonton
Date Average House Price
January-July 2010 $290,188
January-July 2011 $306,658

House Type Average House Price
Standard Two-Storey $326,060
Detached Bungalow $299,667
Townhouse $235,500
Condo (Two Bedrooms) $201,000

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Canadian House Prices