Are you thinking of buying a home in Canada? It’s an exciting but sometimes confusing process, especially if you’re new to the country. We want 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 to buying a home in Canada‘s largest cities! We’ve done the research to help you understand the costs of purchasing different types of housing in each province and 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: These figures presented are average housing prices, however these may vary substantially based on the neighborhood, time of purchase, and property type (among & other factors). It is suggested that these figures be used as a guide and not a Exact measure of housing costs in these locations.
Alberta
Calgary
| House Type | CAD $ | Indian currency (INR) |
| 1BHK | 325,863 | 2,01,41,820.13 |
| 2BHK | 414,427 | 2,56,16,022.97 |
| 3BHK | 443,443 | 2,74,09,522.24 |
| Townhouse | 482,774 | 2,98,40,598.88 |
| Detached house | 1,018,888 | 6,29,78,180.50 |
Edmonton
According to the CREA, the average price of all available housing in Alberta in July 2024 was $486,828 CAD, representing an 8.2% increase from 2023.
| House Type | CAD $ | Indian currency (INR) |
| 1BHK | 152,877 | 94,49,434.38 |
| 2BHK | 278,273 | 1,72,00,248.92 |
| 3BHK | 401,765 | 2,48,33,375.89 |
| Townhouse | 288,968 | 1,78,61,314.36 |
| Detached house | 521,238 | 3,22,18,085.65 |
British Columbia
Vancouver
| House Type | CAD $ | Indian currency (INR) |
| 1BHK | 597,051 | 3,69,04,140.25 |
| 2BHK | 1,444,846 | 8,93,06,942.65 |
| 3BHK | 2,662,771 | 16,45,87,739.45 |
| Townhouse | 1,626,282 | 10,05,21,628.82 |
| Detached house | 8,493,824 | 52,50,09,207.12 |
Surrey
| House Type | CAD $ | Indian currency (INR) |
| 1BHK | 451,920 | 2,79,33,491.54 |
| 2BHK | 616,574 | 3,81,10,870.54 |
| 3BHK | 808,187 | 4,99,54,604.20 |
| Townhouse | 1,239,000 | 7,65,83,457.30 |
| Detached house | 2,364,226 | 14,61,34,464.02 |
According to the CREA, the average price of all available housing in British Columbia in July 2024 was $962,537 CAD, representing an -0.5% decrease from 2023.
Manitoba
Winnipeg
| House Type | CAD $ | Indian currency (INR) |
| 1BHK | 159,567 | 98,62,947.97 |
| 2BHK | 317,400 | 1,96,18,716.18 |
| 3BHK | 346,117 | 2,13,93,734.05 |
| Townhouse | 391,575 | 2,42,03,524.85 |
| Detached house | 459,325 | 2,83,91,199.78 |
According to the CREA, the average price of all available housing in Manitoba in July 2024 was $376,770 CAD, representing a 6.9% increase from 2023.
New Brunswick
Moncton
- Average price of a one-bedroom, one-bathroom apartment: Data not available;
- Average price of a two-bedroom, two-bathroom apartment: $373,755 CAD;
- Three-bedroom, two-bathroom properties: $307,520 CAD;
- Townhouse: $289,291 CAD; and
- Detached house $374,267 CAD.
According to the CREA, the average price of all available housing in New Brunswick in July 2024 was $308,800 CAD, representing a 6.4% increase from 2023.
Newfoundland and Labrador
St. John’s
- Average price of a one-bedroom, one-bathroom apartment: $184,933 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $425,375 CAD;
- Three-bedroom, two-bathroom properties: $307,520 CAD;
- Townhouse: $410,102 CAD; and
- Detached house $548,960 CAD.
According to the CREA, the average price of all available housing in Newfoundland and Labrador in July 2024 was $297,000 CAD, representing a 4.2% increase from 2023.
Nova Scotia
Halifax
- Average price of a one-bedroom, one-bathroom apartment: $471,092 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $732,532 CAD;
- Three-bedroom, two-bathroom properties: $771,540 CAD;
- Townhouse: $578,833 CAD; and
- Detached house $764,766 CAD.
According to the CREA, the average price of all available Home in Canada Nova Scotia in July 2024 was $418,200 CAD, representing a 4.4% increase from 2023.
Ontario
Toronto
- Average price of a one-bedroom, one-bathroom apartment: $ 671,092 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $ 920,588 CAD;
- Three-bedroom, two-bathroom properties: $2,952,402 CAD;
- Townhouse: $992,280 CAD; and
- Detached house $4,713,735 CAD.
Ottawa
- Average price of a one-bedroom, one-bathroom apartment: $399,544 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $568,338 CAD;
- Three-bedroom, two-bathroom properties: $789,717 CAD;
- Townhouse: $629,665 CAD; and
- Detached house: $1,020,820 CAD.
According to the CREA, the average price of all available housing in Ontario in July 2024 was $837,685 CAD, representing a -1.7% decrease from 2023.
Prince Edward Island
Charlottetown
- Average price of a one-bedroom, one-bathroom apartment: $321,825 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $453,483 CAD;
- Three-bedroom, two-bathroom properties: $487,139 CAD;
- Townhouse: $474,480 CAD; and
- Detached house: $679,247 CAD.
According to the CREA, the average price of all available housing in Prince Edward Island in July 2024 was $365,000 CAD, representing a -0.3% decrease from 2023.
Quebec
Montreal
- Average price of a one-bedroom, one-bathroom apartment: $420,616 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $871,050 CAD;
- Three-bedroom, two-bathroom properties: $997,473 CAD;
- Townhouse: $782,850 CAD; and
- Detached house: $1,091,333 CAD.
Quebec City
- Average price of a one-bedroom, one-bathroom apartment: $227,492 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $567,983 AD;
- Three-bedroom, two-bathroom properties: $687,143 CAD;
- Townhouse: $ 514,850 CAD; and
- Detached house: $ 643,083 CAD.
According to the CREA, the average price of all available housing in Quebec in July 2024 was $525,732 CAD, representing a 6.3% increase from 2023.
Saskatchewan
Saskatoon
- Average price of a one-bedroom, one-bathroom apartment: $235,142 CAD;
- Average price of a two-bedroom, two-bathroom apartment: $299,083 CAD;
- Three-bedroom, two-bathroom properties: $400,675 CAD;
- Townhouse: $414,308 CAD; and
- Detached house: $ 1,070,483 CAD.
According to the CREA, the average price of all available Home in Canada housing in Saskatchewan in July 2024 was $344,800 CAD, representing a 4.5% increase from 2023.
