Introduction
Understanding average home prices across Canada’s major cities is essential context for anyone making a real estate decision in 2026. The variation in prices between markets is extraordinary, reflecting differences in local economies, housing supply, geographic constraints, and demand drivers. This article provides a comprehensive city-by-city breakdown of average home prices across Canada.
Greater Toronto Area
The Greater Toronto Area remains Canada’s most expensive major market by most measures. As of early 2026, the average price across all home types in the GTA sits at approximately $1.1 million, according to the Toronto Regional Real Estate Board. Detached homes in the City of Toronto itself average over $1.4 million, while attached and semi-detached homes average around $1.1 million. Condominiums, the most accessible segment, average approximately $680,000.
Greater Vancouver Area
Metro Vancouver is Canada’s second most expensive market and competes with Toronto for the title of least affordable. The benchmark composite price across the region is approximately $1.2 million as of early 2026, though this average masks wide variation between communities. Detached homes in the City of Vancouver itself regularly exceed $2 million, while condos in more suburban communities like Surrey or Langley can be found for under $600,000.
Calgary
Calgary’s benchmark home price has risen to approximately $580,000 to $620,000 in 2026, reflecting the city’s extraordinary run of price appreciation over the past three years. While significantly higher than just a few years ago, Calgary remains Canada’s most affordable major market among the four largest cities. Detached homes average approximately $720,000, while condos remain accessible at around $330,000 to $400,000.
Ottawa-Gatineau
Canada’s capital region offers a middle ground on affordability. Average home prices in Ottawa sit in the $700,000 to $750,000 range for all property types, with detached homes averaging approximately $800,000 and condos around $450,000. The Gatineau, Quebec side of the region offers even lower prices, with averages well below $500,000 for many property types.
Montreal
Montreal remains one of Canada’s more affordable major cities despite significant price appreciation in recent years. Average prices across all property types sit in the $550,000 to $650,000 range, with single-family homes averaging approximately $600,000 and condos around $400,000. Montreal’s cultural vibrancy and quality of life at relatively moderate price points make it increasingly attractive to buyers from other markets.
Edmonton, Winnipeg, and Halifax
Edmonton offers some of the most affordable housing among Canada’s larger cities, with average prices across all types sitting below $430,000. Winnipeg is similarly affordable, with averages around $360,000 to $400,000. Halifax, which saw significant price appreciation during the pandemic years as Atlantic Canada attracted remote workers, has stabilized in the $480,000 to $520,000 range.
