Region                  Price   % from Dec.2006 

Regina                  $200,407        46.5
Saskatoon               $255,271        45.6
Trois-Rivières, Que.    $127,672        21.8
Thunder Bay, Ont.       $135,604        20.5
Toronto                 $394,931        17.5
Quebec City             $174,768        17.3
Sudbury, Ont.           $189,489        17.1
Nfld. & Labrador        $163,276        15.3
Saguenay-Lac Saint-Jean $128,584        13.4
Edmonton                $329,705        12.1
Ottawa                  $276,839        11.1
Calgary                 $400,139        10.7
Durham Region           $273,379        10
Outaouais (Hull), Que.  $181,417        9.6
Greater Vancouver       $566,192        9
Montreal                $242,485        8.5
London-St.Thomas        $206,696        8.4
Winnipeg                $172,475        6.8
Saint John, N.B.        $135,193        6
Hamilton-Burl, Ont.     $261,728        5.5
Kitchener-Waterloo      $250,092        5.5
Halifax-Dartmouth       $209,156        1.6
St. Catharines, Ont.    $213,865        1.3
Windsor-Essex, Ont.     $159,068        -3.4

There Are 5 Responses So Far. »

1. 

   Comment by Joe P on 16 January 2008:

   Beautiful country- COOOOOOLD weather.
2. 

   Comment by Sharky on 16 January 2008:

   Other than its location/beautiful surroundings, what drives Vancouver’s median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)??
3. 

   Comment by TheMightyQuinn on 17 January 2008:

   “what drives Vancouver’s median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)??”

   Everyone knows–the olympics!
4. 

   Comment by West Toronto Realtor on 20 February 2008:

   As a West Toronto Realtor, I cannot agree with TheMightyQuinn, there are a lot of other factors, not only the olympics. Even if this year was good for the Canadian real estate market, I´m expecting, that prices will increase in 2008 because of an impact of U.S. real estate market crisis. I know that the situation we have here in Canada is very different to the U.S., but in my opinion there is still a strong connection between our two markets.
5. 

   Comment by Jim on 25 April 2008:

   I think this site needs an update with a link to the Royale LePage survey, that updates these values.
   Saskatoon is up again, and likely has seen values peak.
   As well, the number of listings in Saskatoon has increased dramatically recently, likely owners and investors trying to cash out at the top.

   Interestingly, Saskatoon is now more expensive than Edmonton. Regina may still have some room to increase property values, being the headquarters to as many companies as Saskatoon, more of an agriculture centre, close to the Bakken field/a supply centre to Estevan and the south east, but Saskatoon, with its lower wages (than Regina or Edmonton) has likely peaked. I think we’ll see prices there stabilize, if not drop the same 5% or so that Edmonton did. There is really no reason for prices to increase further, as with the recent real estate boom, prices now exceed that of comparable cities. Above, it has Saskatoon at $255, when http://www.royallepage.ca/CMSTemplates/AboutUs/Company/CompanyTemplate.aspx?id=1746
   would suggest actual prices are nearer $340, 000 now in Saskatoon. The Royale LePage link is interesting. I would recommend a quick look at it.

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