If you want to buy a house in Canada for yourself or as an investment, you will find this article useful. Today MapleDude.Ca going to cover prices for houses in major Canadian cities and provinces.
A good place to check housing market statistics is The Canadian Real Estate Association. According to this organization average house prices as of April 2018 were the highest in Vancouver city (British Columbia) – $1,092,000 with annual growth of 14.3%. Cost of a house in Toronto was $766,000 on average with -5.1% of annual decline.
Canadian Average price of a house in 2018 was around $495,000 with -11.3% decline which might suggest that the market is overheated.
Let’s have a look at more data from other Canadian cities and provinces, here is the average house prices by city:
Note that any “average” numbers are not always representative, there are cheap and expensive houses in all places. The average value gives only a general picture.
And here are the average house prices by provinces: