The RentSeeker Real-Estate Blog

News and tips for Canada's renters, home buyers, home sellers and property managers.

3 Dec 2015

RentSeeker.ca, Canada’s Leading Apartment Finder and Real Estate Marketing and Data Company today published it’s Annual Housing Market Report INFOGRAPHIC – showing the cost to purcha

RentSeeker.ca, Canada’s Leading Apartment Finder and Real Estate Marketing and Data Company today published it’s Annual Housing Market Report INFOGRAPHIC – showing the cost to purchase a home in cities across Canada, and the salary needed to support the purchase. The Housing Market Report also includes year-over-year changes (listed below).

(Click on the INFOGRAPHIC to Enlarge)

How-Much-Do-You-Need-to-Purchase-a-Home-in-Canada-RentSeeker

(*INFOGRAPHIC figures based on bank rate on 5-year fixed-rate mortgage of 2.5%; a 20% down payment; a 25-year amortization period; and added costs of property tax and heating costs).

As part of the research and report,  RentSeeker.ca looked at year-over-year comparisons from 2014 – 2015. While most provinces showed year-over-year gains, some provinces including Alberta, showed declines in home prices.

Here is the list of the average home prices for all provinces with year-over-year comparison data for 2014 vs. 2015:

  • Ontario 

2014 Average Home Price: $445,500

2015 Average Home Price: $471,654

  • Quebec

2014 Average Home Price: $277,789

2015 Average Home Price: $275,701

  • Alberta

2014 Average Home Price: $400,027

2015 Average Home Price: $384,381

  • British Columbia 

2014 Average Home Price: $575,504

2015 Average Home Price: $667,480

  • Yukon

2014 Average Home Price: $275,750

2015 Average Home Price: $356,290

  • Northwest Territories

2014 Average Home Price: $405,332

2015 Average Home Price: $330,708

  • Saskatchewan

2014 Average Home Price: $306,812

2015 Average Home Price: $292,949

  • Manitoba

2014 Average Home Price: $263,159

2015 Average Home Price: $264,739

  • Newfoundland & Labrador

2014 Average Home Price: $266,346

2015 Average Home Price: $258,459

  • Nova Scotia

2014 Average Home Price: $207,657

2015 Average Home Price: $206,251

  • Prince Edward Island

2014 Average Home Price: $174,871

2015 Average Home Price: $163,236

  • New Brunswick

2014 Average Home Price: $153,312

2015 Average Home Price: $161,388

  • Nunavut

2014 Average Home Price: *N/A

2015 Average Home Price: *N/A

(*N/A = No Data Available).

To view the average home prices for specific cities in each province, please refer to the above INFOGRAPHIC.

To search for a home, condo or apartment for rent across Canada, start you search at www.RentSeeker.ca or search on-the-go with RentSeeker.ca’s FREE iTunes and Google Play apps!

Let us know YOUR thoughts, comments and feedback on Canada’s Housing & Rental Markets by joining the conversation with The RentSeeker.ca Team on Twitter & Facebook!