Canada real estate market — prices, rental yield and trend
- 12-month price change (USD): -4.7%
- Transaction cost: 10.6%
- Bubble-risk band: moderate
- Price basis: national average
Canada is one of the 123 property markets Glopra tracks.
What a buyer pays in Canada
Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.6% of the price here. That is close to the 10.2% median across the set.
What it earns
We publish a price for Canada but no rental yield. No public rent figure exists for this market at the same geographic level and from the same source as the price, and we do not estimate one: a yield built from two unrelated sources would describe no real property.
How the tax works. 20.72% with the section 216 net-basis election: the 14% federal rate multiplied by the 48% non-resident surtax (ITA § 120(1)), with no personal credit (§ 216(1)(d)). Without the election the default Part XIII withholding of 25% on the gross rent applies, which is the upper end of the band. Both figures are flat across typical rent levels, which stay inside the first federal bracket. Source: laws-lois.justice.gc.ca.
Where the price sits against its own history
Prices are -14.9% over five years and +29.9% over ten in local terms. Today’s level sits 55.3% above the country’s own long-run trend. A gap that size does not have to close, but it is the number to watch. Glopra’s bubble-risk score for Canada is 45 out of 100 — moderate risk. Of the 58 markets scored, 47 read higher.
Canada house price index, 2016–2026 (2016 = 100)
| Year | Index |
|---|---|
| 2016 | 100 |
| 2017 | 115.8 |
| 2018 | 119.8 |
| 2019 | 120.6 |
| 2020 | 128.2 |
| 2021 | 144.4 |
| 2022 | 157.2 |
| 2023 | 147.1 |
| 2024 | 144.1 |
| 2025 | 140.2 |
| 2026 | 135.6 |
Rebased to 100 in 2016, the index stands at 135.6 in 2026.
Who can buy in Canada
Foreign purchase banned until 2027. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Canada is built from recorded transaction prices. It was last refreshed on 2026-09-28. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: CREA Jun-26 · crea.ca · globalpropertyguide.com · wowa.ca. Snapshot: 2026-09-28.
Latest Canada market analysis
- Canadian Housing Starts Held at 229,046 in August as Montreal Outbuilt Toronto — 2026-09-18
- Canadian Home Sales Fell 6.9% in August While Prices Barely Moved — 2026-09-16
- Canadian Asking Rents Fell 3.6% Over the Year in the Second Quarter — 2026-09-12
- Canada's Home Price Index Rose in July for the First Time Since November 2024 — 2026-08-20
- Canadian Housing Starts Slid to 229,074 in July, With Vancouver Down 42% — 2026-08-19
- Canadian Building Permits Jumped 18.5% in June, But Fewer Homes Were Authorised in Q2 — 2026-08-15
- Metro Vancouver's Benchmark Home Price Falls 6.2% as July Sales Drop Again — 2026-08-11
- Toronto Home Prices Fall 4.5% in July as New Listings Drop Sharply — 2026-08-10