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 housing market is set to get cheaper and 5 cities are dropping more than Toronto

A buyer's market is finally taking shape across much of Canada. 🏡

Canada's best places to live were ranked and Toronto didn't even crack the top 10

From coastal charm to Rocky Mountain views, these cities have what Toronto doesn't. 👀

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! 😮

Ontario is home to one of North America's best spas and it's a dreamy 'country castle'

It's just a road trip from Toronto.

A burst of snow will bring up to 20 cm to Ontario this week before the cold snap ends

Temperatures will warm up but still be cold enough for "lingering" snow.

9 stunning island vacations from Toronto that don't require a passport

Add these Canadian islands to your bucket list.

This Ontario destination has lakeside villages and cute bakeries filled with butter tarts

It's a sweet spot for a day trip.

CSIS is hiring for these jobs and you can get paid up to $120,000 a year to be nosy

You'll help investigate threats to national security. 🔍

U of T is the only Canadian school in the top 10 of this new best universities ranking

It beat every Canadian university in all of these subject areas! 📚

Canada's 'most romantic town' is near Toronto and it's filled with European charm

It's the perfect place to visit with your favourite person.

Lotto 6/49 winners split a $5M jackpot with another ticket and didn't believe it was real

They checked the ticket online and at a store to make sure they really won the jackpot. 💸

One of North America's 'best' spas is near Toronto and it's a 'peaceful country oasis'

It's the perfect spot for a spa day.

This Ontario park has a secret electric-blue lake and it's a stunning hidden gem

It looks like something off a postcard.