Canadian Housing Market Outlook 2024

Single-family Home Prices

$801,600 for the month of July 2024, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, single-family home prices in Canada have decreased by 3.7% over the last 12 months.

Townhouse and Multiplex Prices

The average selling price of a townhouse in Canada was $666,900 for the month of July 2024, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, the price of a townhouse in Canada has decreased by 3.6% over the last 12 months.

Condo Prices

The average selling price of a condo in Canada was $526,500 for the month of July 2024, that’s decreased by 0.5% compared to the previous month. On a year-over-year basis, the price of a condo in Canada has decreased 3.2% over the last 12 months.

Transactions - Number of Sales

The number of sales in Canada was 39,674 during July 2024, that’s decreased by 0.7% compared to the previous month. On a year-over-year basis, sales in Canada have decreased by 0.9% over the last 12 months.

New Listings

The number of new listings in Canada was 71,672 during July 2024, that’s increased by 0.9% compared to the previous month. On a year-over-year basis, new listings in Canada have increased by 6.0% over the last 12 months.