What Canadians Expect To Pay For A House Is So Different In Each Province

$206,000 vs. $586,000!
House Prices In Canada People Expect To Pay Are Different In Provinces
Dillon Kydd | Unsplash Etienne Delorieux | Unsplash
Senior Writer

When it comes to house prices in Canada, there's a lot of variation depending on location, and what Canadians are expecting to pay for their home is so different between provinces.

Part of the BMO Housing Survey has been released and it shows that the national average for what people expect spend when buying a house is $433,000.

Editor's Choice: Canadians Can Now Check Their Credit Score For Free & Here's How It Works

However, the average expected price is $206,000 in Atlantic Canada, $341,000 in Quebec, $529,000 in Ontario, $313,000 in the Prairies, $355,000 in Alberta and $586,000 in B.C.

You might be wondering how the expectations of home buyers compare to what's being seen on the market.

According to the 2021 forecast from the Canadian Real Estate Association, the average home price is $665,329 in Canada, $281,272 in Atlantic Canada, $439,396 in Quebec, $855,218 in Ontario, $313,710 in the Prairies, $425,518 in Alberta and $861,286 in B.C.

Real EstateCanada
  • Lisa Belmonte

    Senior Writer

    Lisa Belmonte (she/her) is a Senior Writer with Narcity Media. After graduating with a Bachelor of Journalism from Toronto Metropolitan University (formerly Ryerson University), she joined the Narcity team. Lisa covers news and notices from across the country from a Canada-wide perspective. Her early coverage of the COVID-19 pandemic earned Narcity its first-ever national journalism award nomination.

Canada's 'best city for renters' is this bustling spot with 1-bedroom apartments under $1,400

It beat Toronto by over 50 spots on the list!

These are the cheapest places to live in Canada and the income you need for a comfortable life

Vancouver isn't the most expensive, either! 😮

Here's how much it actually costs to live in Toronto vs. 9 other spots in Ontario

You could save over $11K a year by moving an hour and a half away. 👀

Lotto Max winning numbers for Tuesday, March 3 are out and there's a $75 million jackpot

Check your tickets because the jackpot has been won! 🚨

A meteor in Vancouver last night caused a giant fireball & sonic boom (VIDEO)

The sonic boom was strong enough to register on seismographs. ☄️

Canada's best grocery stores were ranked and these retailers have the 'best value'

"Best value is the expensive stores." 👀

A dessert product sold at Costco has been recalled and you can get a full refund

Some ingredients could cause "potentially life-threatening" reactions.

Daughter of a Canadian woman killed in the Dominican bus crash still has no info on her dad

She first learned of the crash from her uncle, who was also on the bus.

I grew up in Vancouver — here's what other Canadians will never understand about us

If you get these, you're officially Vancouver-verified. ✅

BC's switch to permanent daylight saving time could cause chaos in some areas

From 10 a.m. sunrises to confusing time zone borders, here's why the move has some residents concerned.

2 Canadian tourists have died in a bus crash in the Dominican Republic

13 other Canadians were injured in the crash.

Mark Carney says Canada's support for US strikes on Iran came 'with regret'

He also said the strikes appeared "inconsistent with international law."

This beautiful lakeside city under 1 hour from Toronto was named among Canada's most liveable

It has dreamy gardens and quaint shops.