RentSeeker.ca Publishes New Report Showing Housing Prices across Canada with Year over Year Data

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)

(*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!