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RentSeeker.ca, Canada’s Leading Apartment Finder and Real Estate Marketing and Data Company today published it’s Annual Housing Market Report INFOGRAPHIC – showing the cost to purchase a home in cities across Canada, and the salary needed to support the purchase. The Housing Market Report also includes year-over-year changes (listed below).

(Click on the INFOGRAPHIC to Enlarge)

(*INFOGRAPHIC figures based on bank rate on 5-year fixed-rate mortgage of 2.5%; a 20% down payment; a 25-year amortization period; and added costs of property tax and heating costs).

As part of the research and report, RentSeeker.ca looked at year-over-year comparisons from 2014 – 2015. While most provinces showed year-over-year gains, some provinces including Alberta, showed declines in home prices.

Here is the list of the average home prices for all provinces with year-over-year comparison data for 2014 vs. 2015:

Ontario

2014 Average Home Price: $445,500

2015 Average Home Price: $471,654

Quebec

2014 Average Home Price: $277,789

2015 Average Home Price: $275,701

Alberta

2014 Average Home Price: $400,027

2015 Average Home Price: $384,381

British Columbia

2014 Average Home Price: $575,504

2015 Average Home Price: $667,480

Yukon

2014 Average Home Price: $275,750

2015 Average Home Price: $356,290

Northwest Territories

2014 Average Home Price: $405,332

2015 Average Home Price: $330,708

Saskatchewan

2014 Average Home Price: $306,812

2015 Average Home Price: $292,949

Manitoba

2014 Average Home Price: $263,159

2015 Average Home Price: $264,739

Newfoundland & Labrador

2014 Average Home Price: $266,346

2015 Average Home Price: $258,459

Nova Scotia

2014 Average Home Price: $207,657

2015 Average Home Price: $206,251

Prince Edward Island

2014 Average Home Price: $174,871

2015 Average Home Price: $163,236

New Brunswick

2014 Average Home Price: $153,312

2015 Average Home Price: $161,388

Nunavut

2014 Average Home Price: *N/A

2015 Average Home Price: *N/A

(*N/A = No Data Available).

To view the average home prices for specific cities in each province, please refer to the above INFOGRAPHIC.

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