Province by Province Housing Prices Comparison


If you’re a young person finishing University and trying to decide where you want to spend the next few years, it’s a good idea to look at real estate prices in each province. Do you want a house in Toronto? A Saskatoon condo? A townhouse in Kelowna? Each place has its own lifestyle and culture, of course, but each has its own housing prices and cost of living as well. Let’s take a look at each province with a year-to-year breakdown for April 2015 and April 2016.

 

Newfoundland & Labrador:

April 2015: $255,237
April 2016: $276,760

Houses are affordable and properties are large, with many oceanfront properties available. Although the region has low property costs, there can be higher taxes and fewer job opportunities.

Quebec:

April 2015: $276,219
April 2016: $272,466

Whether for housing, food, clothing, medical care or raising a family, costs in Montreal are far less than in other major cities. It offers more affordable education, from daycare to post-secondary as well. The average cost of a single-family home is quite a bit lower than other cities of its size in North America.

 

Ontario:

April 2015: $540,608
April 2016: $482,250

As Canada’s largest, most populous city, the cost of living in Toronto isn’t as affordable as smaller, more remote regions, but it features more job opportunities and is still more affordable than Vancouver. You can enjoy a lower cost of living and more disposable income living in Northern Ontario, although the colder climate and distance from Toronto are tradeoffs. For the size of the city and the many well-paid job opportunities, the cost of living in Ottawa is among the lowest of Canada’s bigger cities.

 

Manitoba:

April 2015: $278,862
April 2016: $284,320

The price of homes in Winnipeg jumped in recent years, but that’s still well below the national average price.

 

Saskatchewan:

April 2015: $299,694
April 2016: $304,433

Recent statistics show that living in Regina is more affordable than almost anywhere else in Canada. In fact, a house in Regina costs less than one-half of what the same house costs in Toronto, Calgary or Vancouver. Homeowners’ costs in Saskatoon are the fourth-lowest among Canadian cities. In addition, city homeowners pay a lower percentage of their pre-tax household income on housing.

 

Alberta:

April 2015:$393,285
April 2016: $397,811

Like the housing prices, the cost to live in Calgary is not as high as some other parts of Canada. It becomes even more manageable when Alberta’s low provincial taxes are taken into account. Personal income taxes and inheritance taxes, for example, are among the lowest in the country. Additionally, Alberta is the only province without any sales tax.

 

British Columbia:

April 2015: $743,640
April 2016: $634,744

Situated by snow-capped mountains and sparkling waters, BC certainly is beautiful — but these perks come at a price. A single-family home in the City of Vancouver can cost between $400,000 and $4 million, depending on the neighbourhood. Housing prices tend to drop as one moves further from the core, particularly to suburbs like Surrey, but even then many homebuyers can only afford condos or townhouses.

 

North West Territories:

April 2015: $391,229
April 2016: $457,465

Territorial housing can be more expensive than the Canadian average, due to the costs associated with building structures that can withstand the cold climate. The average price of a house ranges from $275,000 to $310,000 in a major city like Whitehorse or Yellowknife, but can be up to 50 per cent lower in more remote areas.

 

The Yukon:

April 2015: $357,965
April 2016: $361,753

Login Saskatoon Website Design by YasTech