How Much Does it Cost To Buy A House In Canada’s Largest Cities

Are you considering buying a house in Canada? It’s an exciting but sometimes confusing process, especially if you’re new to the country. We are here to help! Our guide will walk you through the costs of buying a home in Canada’s biggest cities and provinces. We’ll give you the lowdown on prices and what affects them, so you can feel confident in your decision. Whether you’re looking in Toronto, Vancouver, or somewhere in between, we’ve got the info you need to find your dream home in Canada.

Welcome to our comprehensive guide Buy a house in Canada‘s largest cities! We’We’ve done the research for you to help you understand what it costs to buy different types of housing, in each province or territory. From apartments to detached houses, we’ve got the details on what you can expect to pay.

In this guide, we’ll break down the costs of buying:

– A cozy one-bedroom, one-bathroom apartment (1BHK)

– A spacious two-bedroom, two-bathroom apartment (2BHK)

– A roomy three-bedroom, two-bathroom property (3BHK)

– A convenient townhouse

– A dreamy detached house

We’ve gathered data from trusted sources From realtor.ca, and zillow.com,& the Canadian Real Estate Association (CREA), and the Canadian Housing and Mortgage Corporation (CHMC) to give you an accurate picture of the market. Whether you’re a first-time buyer or a seasoned homeowner.

Note: The figures shown are not actual figures. Average housing prices, however these may vary substantially based on the neighborhood, time of purchase, and property type (among  & other factors). These figures should only be used as a guide, and not as an exact measure of housing costs.

Alberta

Calgary

Edmonton

According to CREA, in July 2024, the average price for all housing available in Alberta was $486.828 CAD. This represents an 8.2% increase over 2023.

British Columbia

Vancouver

Surrey

According to CREA, in July 2024, the average price for all housing available in British Columbia was $962.537 CAD. This represents a -0.5% decline from 2023.

Manitoba

Winnipeg

According to CREA, in July 2024, the average price for all housing available in Manitoba was $376.770 CAD. This represents a 6.9% rise from 2023.

New Brunswick

Moncton

• Data not available. Average price for a one-bedroom apartment with a bathroom.
• Average price for a two-bedroom apartment with two bathrooms: $373.755 CAD
• Three-bedroom, two-bathroom properties: $307,520 CAD;
• Townhouse: 289,291 Canadian dollars;
• Detached House $374,267 Canadian Dollars

According to CREA figures, the average housing price in New Brunswick for July 2024 will be $308,800 CAD. This represents a 6.4% growth from 2023.

Newfoundland and Labrador

St. John’s

• The average price for a one-bedroom apartment with a bathroom is $184.933 CAD.
• Average price for a two-bedroom apartment with two bathrooms: $425.375 CAD
• Three-bedroom, two-bathroom properties: $307,520 CAD;
• Townhouse: $410.102 CAD
• Detached House $548,960 CAD.

According to CREA, in July 2024, the average price for all housing available in Newfoundland-Labrador was $297,000 Canadian dollars, a 4.2% rise from 2023.

Nova Scotia

Halifax

• Average price for a one-bedroom apartment with a bathroom: $471.092 CAD
• Average price for a two-bedroom apartment with two bathrooms: $732.532 CAD
• Three-bedroom, two-bathroom properties: $771,540 CAD;
• Townhouse: $578.833 CAD
• Detached House $764,766 Canadian Dollars

According to CREA data, the average cost of all Home in Canada Nova Scotia available in July 2024 will be $418,200CAD, a 4.4% increase over 2023.

Ontario

Toronto

• The average price for a one-bedroom apartment with a bathroom is $671,092 Canadian dollars;
• The average price of a 2-bedroom apartment with 2 bathrooms is $ 920 588 CAD.
• Three-bedroom, two-bathroom properties: $2,952,402 CAD;
• Townhouse: 992,280 CAD
• Detached house $4.713,735 CAD.

Ottawa

• Average price for a one-bedroom apartment with a bathroom: $399.544 CAD
• Average price for a two-bedroom apartment with two bathrooms: $568.338 CAD
• Three-bedroom, two-bathroom properties: $789,717 CAD;
• Townhouse: $629.665 CAD
• Detached House: $1,020.820 CAD.

According to CREA, in July 2024, the average price for all housing available in Ontario was $837.685 CAD. This represents a -1.7% drop from 2023.

Prince Edward Island

Charlottetown

• Average price for a one-bedroom apartment with a bathroom: $321.825 CAD
• The average price of a 2-bedroom apartment with 2 bathrooms is $453,483 Canadian dollars.
• Three-bedroom, two-bathroom properties: $487,139 CAD;
• Townhouses: $474.480 Canadian dollars;
• Detached House: $679.247 CAD.

According to CREA data, the average housing price in Prince Edward Island for July 2024 will be $365,000 CAD. This represents a -3.0% decrease from 2023.

Quebec

Montreal

• Average price for a one-bedroom apartment with a bathroom: $420.616 CAD
• The average price of a 2-bedroom apartment with 2 bathrooms is $871,050 Canadian dollars.
• Three-bedroom, two-bathroom properties: $997,473 CAD;
• Townhouses: $782.850 Canadian dollars;
• Detached house : $1,091,333 USD

Quebec City

• Average price for a one-bedroom apartment with a bathroom: $227.492 CAD
• The average price of a 2-bedroom apartment with 2 bathrooms is $567,983 AD.
• Three-bedroom, two-bathroom properties: $687,143 CAD;
• Townhouse: $514,850 Canadian dollars;
• Detached House: $ 643,083 (CAD).

According to CREA, in July 2024, the average price for all housing available in Quebec was $525.732 CAD. This represents a 6.3% rise from 2023.

Saskatchewan

Saskatoon

• The average price of a 1-bedroom apartment with a bathroom is $235,142 Canadian dollars;
• Average price for a two-bedroom apartment with two bathrooms: $299.083 CAD
• Three-bedroom, two-bathroom properties: $400,675 CAD;
• Townhouse: $414.308 CAD
• Detached House: $ 1,070.483 CAD.

According to CREA figures, the average cost of all Home in Canada housing options in Saskatchewan in 2024 will be $344,800, a 4.5% hike from 2023.