The average house price in Canada, by city & by province - Re/Max Nova Halifax Real Estate

Published 05 January 14 09:01 AM | Merv Edinger 
 

The average Canadian house price by city & province for Fall 2013 - Interactive map - ReMax Nova

You probably read in one of our National newspapers that Canadian housing market continues to hit new highs, with the average price increasing by almost 10% in the last 12 months to $391,085.
http://www.cbc.ca/news/business/average-home-price-rises-almost-10-to-391-085-1.2465695
So how is the housing market in your area? Here is a comparison by province & city, during the same time period over the past 3 years. Please keep in mind that these values do not take into consideration the long list of considerations such as neighborhood, style, size of home, etc that we as Realtors® use to determine the actual market value of a particular home.
Nationwide Building PermitsOct 2013Oct 2012Oct 2011
Residential$4,406,529,000$4,045,056,000$3,603,843,000
Commercial$2,787,431,000$3,506,847,000$2,722,171,000
Total$7,193,960,000$7,551,903,000$6,326,014,000
Source: Stats Canada - preliminary figures
Current Bank of Canada Rate & Prime RatesDec 2013Dec 2012Dec 2011
Bank Rate1.25%1.25%1.25%
Prime Rate3.00%3.00%3.00%
Source: Bank of Canada

Average House Prices by CityOct 2013Oct 2012Oct 2011
Yellowknife$402,000$356,025$450,500
Vancouver$775,542$736,732$767,225
Victoria$473,820$464,360$475,742
Edmonton$332,461$327,880$320,306
Calgary$436,216$418,721$398,924
Saskatoon$331,750$327,182$327,245
Regina$316,810$297,688$282,313
Toronto$539,058$503,479$478,137
Hamilton-Burlington$384,534$367,490$329,802
Ottawa-Carleton$363,240$347,581$339,802
Quebec City$263,803$259,607$254,188
Montreal$333,610$330,777$320,474
Fredericton$175,968$170,098$162,082
Saint John$153,697$163,963$161,691
Halifax-Dartmouth$265,339$262,061$257,414
Winnipeg$271,946$259,433$244,506
Source: CREA - Most Recent Month Reported
Average House Prices by ProvinceOct 2013Oct 2012Oct 2011
National$391,820$361,436$362,899
Yukon$352,932$312,920$307,739
Northwest Territories$402,000$356,025$450,500
British Columbia$540,432$508,292$535,695
Alberta$377,084$363,295$356,101
Saskatchewan$289,890$275,308$263,907
Manitoba$264,148$248,058$234,871
Ontario$413,408$383,475$375,115
Quebec$273,436$274,229$266,425
New Brunswick$155,414$157,173$154,262
Prince Edward Island$154,576$150,135$139,561
Nova Scotia$203,144$207,439$202,232
Newfoundland$272,267$272,639$249,502
Source: CREA - Most Recent Month Reported  

For an interactive map of average housing prices for November 2013, please click on the link below http://www.cbc.ca/news2/interactives/housing-canada/

 

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