Average Costs of Buying Houses in Canada’s largest cities

In 2024, housing has become a critical issue in Canada, with fluctuating interest rates, population growth, and other factors significantly impacting housing costs.

Following an analysis of rental costs, EKO HOT BLOG has now provided a comprehensive guide to the costs of purchasing a home in Canada’s major cities and population centers.

Housing Costs by City:

Alberta

• Calgary
  • One-bedroom, one-bathroom apartment: $325,863 CAD
  • Two-bedroom, two-bathroom apartment: $414,427 CAD
  • Three-bedroom, two-bathroom property: $443,443 CAD
  • Townhouse: $482,774 CAD
  • Detached house: $1,018,888 CAD
• Edmonton
  • One-bedroom, one-bathroom apartment: $152,877 CAD
  • Two-bedroom, two-bathroom apartment: $278,273 CAD
  • Three-bedroom, two-bathroom property: $401,765 CAD
  • Townhouse: $288,968 CAD
  • Detached house: $521,238 CAD

British Columbia

• Vancouver
  • One-bedroom, one-bathroom apartment: $597,051 CAD
  • Two-bedroom, two-bathroom apartment: $1,444,846 CAD
  • Three-bedroom, two-bathroom property: $2,662,771 CAD
  • Townhouse: $1,626,282 CAD
  • Detached house: $8,493,824 CAD
• Surrey
  • One-bedroom, one-bathroom apartment: $451,920 CAD
  • Two-bedroom, two-bathroom apartment: $616,574 CAD
  • Three-bedroom, two-bathroom property: $808,187 CAD
  • Townhouse: $1,239,000 CAD
  • Detached house: $2,364,226 CAD

Manitoba

• Winnipeg
  • One-bedroom, one-bathroom apartment: $159,567 CAD
  • Two-bedroom, two-bathroom apartment: $317,400 CAD
  • Three-bedroom, two-bathroom property: $346,117 CAD
  • Townhouse: $391,575 CAD
  • Detached house: $459,325 CAD

New Brunswick

• Moncton
  • Two-bedroom, two-bathroom apartment: $373,755 CAD
  • Three-bedroom, two-bathroom property: $307,520 CAD
  • Townhouse: $289,291 CAD
  • Detached house: $374,267 CAD

Newfoundland and Labrador

• St. John’s
  • One-bedroom, one-bathroom apartment: $184,933 CAD
  • Two-bedroom, two-bathroom apartment: $425,375 CAD
  • Three-bedroom, two-bathroom property: $307,520 CAD
  • Townhouse: $410,102 CAD
  • Detached house: $548,960 CAD

Nova Scotia

• Halifax
  • One-bedroom, one-bathroom apartment: $471,092 CAD
  • Two-bedroom, two-bathroom apartment: $732,532 CAD
  • Three-bedroom, two-bathroom property: $771,540 CAD
  • Townhouse: $578,833 CAD
  • Detached house: $764,766 CAD

Ontario

• Toronto
  • One-bedroom, one-bathroom apartment: $671,092 CAD
  • Two-bedroom, two-bathroom apartment: $920,588 CAD
  • Three-bedroom, two-bathroom property: $2,952,402 CAD
  • Townhouse: $992,280 CAD
  • Detached house: $4,713,735 CAD
• Ottawa
  • One-bedroom, one-bathroom apartment: $399,544 CAD
  • Two-bedroom, two-bathroom apartment: $568,338 CAD
  • Three-bedroom, two-bathroom property: $789,717 CAD
  • Townhouse: $629,665 CAD
  • Detached house: $1,020,820 CAD

Prince Edward Island

• Charlottetown
  • One-bedroom, one-bathroom apartment: $321,825 CAD
  • Two-bedroom, two-bathroom apartment: $453,483 CAD
  • Three-bedroom, two-bathroom property: $487,139 CAD
  • Townhouse: $474,480 CAD
  • Detached house: $679,247 CAD

Quebec

• Montreal
  • One-bedroom, one-bathroom apartment: $420,616 CAD
  • Two-bedroom, two-bathroom apartment: $871,050 CAD
  • Three-bedroom, two-bathroom property: $997,473 CAD
  • Townhouse: $782,850 CAD
  • Detached house: $1,091,333 CAD
• Quebec City
  • One-bedroom, one-bathroom apartment: $227,492 CAD
  • Two-bedroom, two-bathroom apartment: $567,983 CAD
  • Three-bedroom, two-bathroom property: $687,143 CAD
  • Townhouse: $514,850 CAD
  • Detached house: $643,083 CAD

Saskatchewan

• Saskatoon
  • One-bedroom, one-bathroom apartment: $235,142 CAD
  • Two-bedroom, two-bathroom apartment: $299,083 CAD
  • Three-bedroom, two-bathroom property: $400,675 CAD
  • Townhouse: $414,308 CAD
  • Detached house: $1,070,483 CAD

These figures represent average housing prices and may vary based on specific neighborhoods, timing, and property types.

Source: CIC News

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