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!

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. 👀

GST/HST credit payments for April are going out early and here's when you'll get money

This credit offers hundreds of dollars!

Here's everything you need to know about what's open and closed in Toronto on Good Friday

Quite a few grocery stores are open to shoppers on the stat holiday. 👀

Lotto Max winning numbers for Tuesday, March 31 are out and there's a $65 million jackpot

So many Maxmillions are available!

Canada's new $2 coin is a light blue toonie celebrating the CN Tower and it glows in the dark

You could find it in your change soon!

I cancelled these 10 subscriptions and saved almost $150 a month without feeling a difference

Find out what charges were secretly adding up... 💸

Pierre Poilievre is pushing to cancel the planned Toronto–Quebec City high-speed rail

"This $90 billion Liberal boondoggle does not make sense and it does not make dollars."

7 unhinged things East Coast Canadians do that would not fly anywhere else in the country

Toronto could never...

Mark Carney just condemned Israel's 'illegal' invasion of Lebanon and called for a ceasefire

"It's an illegal invasion. It's a violation of their territorial sovereignty."

5 things to know about Canadian Jeremy Hansen's trip to the moon tomorrow

He'll be the first non-American to travel beyond low Earth orbit! 🚀

Mark Carney is denying claims he's considering proroguing Parliament if he gets a majority

Three upcoming by-elections could grant the Liberals a majority government.