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.
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