Canadian Housing Market Reports
Reports on 14 housing markets across 6 provinces, and on 253 regions, cities and neighbourhoods within them. Each one is built from the statistics its local real estate board publishes, and updated as soon as the board releases a new month (a new quarter for Gatineau, which is published by quarter). In the latest reports, the average price was higher than a year earlier in 5 of the 14 markets and lower in 9.
Ontario
Ontario
Greater Toronto Area
October 2026
$1,024,108
5,603
Greater Toronto Area
October 2026
$1,024,108
5,603
Ontario
Waterloo Region
October 2026
$725,287
507
Waterloo Region
October 2026
$725,287
507
Ontario
Hamilton
October 2026
$724,021
424
Ontario
Burlington
October 2026
$1,051,747
178
Burlington
October 2026
$1,051,747
178
Ontario
Ontario
Quebec
Quebec
Montreal
October 2026
$681,957
3,252
Montreal
October 2026
$681,957
3,252
Quebec
Quebec City
October 2026
$497,458
866
Quebec City
October 2026
$497,458
866
Quebec
British Columbia
B.C.
Greater Vancouver
October 2026
$1,226,143
2,024
Greater Vancouver
October 2026
$1,226,143
2,024
Nova Scotia
Nova Scotia
Nova Scotia
September 2026
$463,312
929
Nova Scotia
September 2026
$463,312
929
Alberta
Alberta
Edmonton
October 2026
$457,641
1,882
Edmonton
October 2026
$457,641
1,882
Alberta
Calgary
October 2026
$640,769
1,592
Calgary
October 2026
$640,769
1,592
Manitoba
Manitoba
Winnipeg
October 2026
$431,648
1,096
How the Markets Compare
Conditions read the sales-to-new-listings ratio the way the Canadian Real Estate Association does (under 40% favours buyers, over 60% sellers), except for Greater Vancouver, where the board reads sales against active listings.
| Market | Average Price | Yearly Change | Sales | Yearly Change | Conditions | Report |
|---|---|---|---|---|---|---|
| Greater Toronto Area | $1,024,108 | -2.7% | 5,603 | -7.9% | Buyer's market | October 2026 |
| Waterloo Region | $725,287 | -0.4% | 507 | -11.4% | Balanced | October 2026 |
| Hamilton | $724,021 | -7.8% | 424 | -7.6% | Balanced | October 2026 |
| Burlington | $1,051,747 | +2% | 178 | -5.3% | Balanced | October 2026 |
| Ottawa | $678,512 | -4.5% | 1,048 | -10.7% | Balanced | October 2026 |
| London | $611,509 | -1.9% | 561 | +5.3% | Buyer's market | September 2026 |
| Montreal | $681,957 | -0.4% | 3,252 | -17.7% | Balanced | October 2026 |
| Quebec City | $497,458 | +4.1% | 866 | -15.8% | Seller's market | October 2026 |
| Gatineau | $503,661 | -1% | 1,044 | -12% | Balanced | Q3 2026 |
| Greater Vancouver | $1,226,143 | -3.1% | 2,024 | -10.2% | Balanced | October 2026 |
| Nova Scotia | $463,312 | +1.2% | 929 | -6.4% | n/a | September 2026 |
| Edmonton | $457,641 | +0.5% | 1,882 | -8.3% | Balanced | October 2026 |
| Calgary | $640,769 | -0.4% | 1,592 | -15.3% | Balanced | October 2026 |
| Winnipeg | $431,648 | +3.9% | 1,096 | -8.5% | n/a | October 2026 |
Compare Two Markets
Pairs of cities and regions side by side, with prices by home type, how fast homes sell and the land transfer tax on a typical home. All of them are on the comparisons page.
- Toronto vs Vancouver
- Toronto vs Calgary
- Vancouver vs Calgary
- Calgary vs Edmonton
- Toronto vs Montreal
- Montreal vs Quebec City
- Montreal vs Gatineau
- Quebec City vs Gatineau
- Toronto vs Ottawa
- Ottawa vs Montreal
- Ottawa vs Calgary
- Ottawa vs Vancouver
- Ottawa vs Edmonton
- Ottawa vs Winnipeg
- Ottawa vs Halifax
- Ottawa vs Kitchener-Waterloo
- Ottawa vs Hamilton
- Ottawa vs Gatineau
- Toronto vs London
- London vs Kitchener-Waterloo
- London vs Hamilton
- Ottawa vs London
- London vs Montreal
- London vs Calgary
- London vs Vancouver
- London vs Edmonton
- London vs Winnipeg
- London vs Halifax
- Mississauga vs Brampton
- Markham vs Richmond Hill
- Oakville vs Burlington
- Kitchener vs Waterloo
- North Vancouver vs West Vancouver
- Hamilton vs Burlington
Cost to Buy
What buying the typical home takes in each market and its cities: the down payment, the cash to close, the monthly payment and the income needed to pass the mortgage stress test, at this month's prices and mortgage rates. The affordability page sets that income against the median household income of each place, from Statistics Canada.
- GTA
- Hamilton
- Burlington
- Ottawa
- London
- Waterloo Region
- Montreal
- Quebec City
- Gatineau
- Greater Vancouver
- Calgary
- Edmonton
- Winnipeg
- Nova Scotia
- Income needed in every city
- Affordability by city
The property tax in those costs comes from each city's published rate: all of them, with the taxes that add up to each, on the property tax rates by city page. The mortgage rates are the Bank of Canada's monthly averages: every term, with the history since 2013, is on the average mortgage rates page. The rate behind them, with its announcement dates and every change since 2000, is on the Bank of Canada interest rate page, and the banks' prime rate has its own.
Rankings
Areas ranked by price within a market, and every area we track ranked by how much its prices rose or fell over the year.
- Most Affordable Cities in the Greater Toronto Area
- Most Affordable Neighbourhoods in Toronto
- Most Affordable Areas in Greater Vancouver
- Most Affordable Neighbourhoods in Montreal
- Most Affordable Suburbs of Montreal
- Buyer's or Seller's Market in the GTA, Area by Area
- Where home prices are rising and falling in Canada
The Measures
What the figures on these pages mean, each on its own page with the current figure for every market: the housing market glossary covers the sales-to-new-listings ratio, months of inventory, days on market, the benchmark price, average and median prices, the sold-to-list ratio, listings, and what makes a buyer's or seller's market.