Canada real estate market — prices, rental yield and trend

• Average price: $4,585 / m²
• Gross rental yield: 6.62%
• 12-month price change (USD): -5%
• Net rental yield: 5.25%
• Transaction cost: 10.6%
• Bubble-risk band: moderate
• Price basis: national average

Residential property in Canada averages $4,585 per square metre — -5% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 89th most expensive of the 264 markets in the set.

What a buyer pays in Canada

The $4,585 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.6% of the price here. On a 100 m² apartment at the average price that is roughly $48,601 on top of the $458,500 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Of that, the transfer tax alone is 0–37.5% depending on the buyer and the property; the rest is notary, registration and agency fees. Inside Canada we track 4 local markets separately: Vancouver at $8,220 (79.3% above the national figure) down to Calgary at $3,499.

What it earns

A square metre lets for about $25.3 a month. Against a purchase price of $4,585 per square metre that is 6.6% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 56th of 311 markets by gross yield. Rental income is taxed at 20.7–25% — the rate is not a single number here. That is the difference between 5% and 5.3% net on the same property. The 5.3% net figure we publish uses 20.7%. On the way out there is a third tax: a non-resident seller pays 0–27% on the gain, depending on how long the property was held and who is selling.

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 65 markets scored, 49 read higher.

Canada house price index, 2016–2026 (2016 = 100)

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 asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: crea.ca · globalpropertyguide.com · wowa.ca. Snapshot: 2026-10-15.