MONEY GLOBE XCanadian housing market by province
New home prices, housing starts and unemployment for each province, with a plain reading of whether it leans to buyers or sellers. Nationally: Buyer's market leaning.
| Province | New home prices, 1 year | Housing starts, 1 year | Unemployment | Reading |
|---|---|---|---|---|
| Ontario | -3.4% | -47% | 7.0% | Balanced market |
| British Columbia | -2.6% | +49% | 6.4% | Balanced market |
| Alberta | -0.5% | +2% | 6.4% | Balanced market |
| Quebec | +2.4% | -11% | 6.0% | Balanced market |
| Manitoba | +2.5% | -7% | 5.0% | Seller's market leaning |
| Saskatchewan | +1.7% | -45% | 5.4% | Seller's market leaning |
| Nova Scotia | +0.8% | -6% | 6.3% | Balanced market |
| New Brunswick | 0.0% | +139% | 7.4% | Balanced market |
Provincial prices are Statistics Canada's NEW housing price index; resale prices by province need a CREA licence.
How the reading works
Rising prices and falling unemployment point to a seller's market; falling prices and rising unemployment point to a buyer's market. It is a simple rule on official data, not a forecast.
Compare provinces, states and countries in one place
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Updated October 21, 2026, 10:02 UTC. Sources: Statistics Canada (New Housing Price Index, Labour Force Survey), CMHC via Statistics Canada. Educational information only - not financial advice.