Canadian Housing Statistics 2025–2026
Current average home prices, market trends, and property tax rates for major Canadian cities. Data sourced from CREA, TRREB, REBGV, CREB, and Royal LePage reports through Q4 2025 / Q1 2026.
Average Home Prices by City (2025)
Sources: CREA, local real estate boards| City | All Types | Condo | Detached | YoY Change | Property Tax |
|---|---|---|---|---|---|
Vancouver REBGV / Royal LePage Q4 2025 | $1,195,000 | $745,000 | $1,895,000 | -1.4% | 0.26% |
Toronto TRREB Annual 2025 | $1,068,000 | $645,000 | $1,420,000 | -4.7% | 0.67% |
Calgary CREB May 2025 | $605,000 | $355,000 | $760,000 | +9.5% | 0.71% |
Edmonton REALTORS® Assoc. of Edmonton 2025 | $470,000 | $215,000 | $575,000 | +8.2% | 0.88% |
Ottawa OREB 2025 | $650,000 | $415,000 | $800,000 | -1.8% | 1.14% |
Montreal QPAREB Dec 2025 | $573,000 | $390,000 | $730,000 | +5.1% | 0.77% |
Halifax NSAR 2025 | $580,000 | $360,000 | $680,000 | +6.4% | 1.10% |
Winnipeg WinnipegREALTORS® Dec 2025 | $380,000 | $220,000 | $460,000 | +4.2% | 2.52% |
Average Home Price Trends (2019–2025)
- Vancouver
- Toronto
- Calgary
- Edmonton
Average Home Price Comparison (2025)
2025–2026 Market Context
National trend: The national average home price ended 2025 at $673,335, virtually unchanged from December 2024 (CREA, Jan 2026). The full-year 2025 average was $676,705, down 1.4% year-over-year — the first annual decline since 2018.
Prairie strength: Calgary and Edmonton were the standout performers in 2025, with Calgary's benchmark price rising ~9.5% year-over-year to $605,300 (CREB, May 2025) and Edmonton posting ~8.2% gains, driven by interprovincial migration and relative affordability.
Toronto softening: The GTA annual average fell 4.7% to $1,067,968 in 2025 (TRREB), with condo inventory at multi-year highs and investor demand subdued. The MLS® HPI composite benchmark was down 5.8% year-over-year in November 2025.
Vancouver resilience: Greater Vancouver held relatively flat at ~$1.195M, with Royal LePage reporting the city aggregate up 1.4% year-over-year to $1,422,600 in Q1 2025. Detached homes remain above $1.8M.
Rate environment: The Bank of Canada cut its policy rate to 2.75% by early 2026, bringing 5-year fixed mortgage rates down to the 4.2–4.8% range. The federal stress test qualifying rate stands at approximately 6.2–6.8% (contract rate + 2%).