Canada real estate market — prices, rental yield and trend
- Average price: $7,052 / m²
- Gross rental yield: 5.72%
- 12-month price change (USD): -7%
- Transaction cost: 10.6%
- Price basis: local-market average
Residential property in Canada averages $7,052 per square metre — -7% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 10th most expensive of the 70 markets in the set.
What a buyer pays in Canada
The $7,052 figure is a local-market average across all residential property types: it describes the capital's market, not the country as a whole — most of the country trades well below it. 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 $74,751 on top of the $705,200 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here.
What it earns
Long-term letting returns about 5.7% gross on the purchase price, 34th of 69 markets by gross yield. Measured against local earnings, the price-to-income ratio is 7.5 — that is how many years of an average local income one average home costs, and it says more about who can buy here than any price figure does.
How this figure is built
The price figure for Canada comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. 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: 2026-07-23.
Latest Canada market analysis
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- 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
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