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Housing Market Insider

Official data · Updated Nov 12, 2026

Canada's housing market, from the source.

New home prices, construction, rents, vacancy and mortgage rates for every province and major metro. Straight from Statistics Canada, CMHC and the Bank of Canada, with reference dates. Nothing estimated, nothing projected.

BoC policy rate
2.50%
Nov 11, 2026
5-yr posted rate
6.19%
Week of Nov 4, 2026
New home prices
120.2
−2.0% vs 12 months earlier · Sep 2026
Housing starts
248,896
−11.3% vs 12 months earlier · Sep 2026

National snapshot

Canada at a glance

The latest official reading for each indicator, with its reference date. Red means the figure fell; green means it rose.

New housing price index

120.2

−2.0% vs 12 months earlier

Sep 2026 · Statistics Canada

New homes only; not a resale price measure.

What this measures and how to read it

Housing starts (SAAR)

248,896units, annualized

−11.3% vs 12 months earlier

Sep 2026 · CMHC

Seasonally adjusted annual rate, not an actual monthly count.

What this measures and how to read it

Dwelling units permitted (last 12 months)

295,800units

−3.4% vs prior 12 months

Sep 2026 · Statistics Canada

What this measures and how to read it

Population

41,798,407persons

+0.5% vs one year earlier

Jul 1, 2026 · Statistics Canada

What this measures and how to read it
Full Canada housing market report →

Mortgage intelligence

Interest rates in Canada

The Bank of Canada's policy rate, the banks' prime and 5-year posted rates, and the 5-year Government of Canada bond yield that fixed rates follow.

Bank of Canada rate

2.50%

+0.3 pts vs. a year ago

As of Nov 11, 2026 · Bank of Canada

Prime rate

4.70%

+0.3 pts vs. a year ago

As of Nov 11, 2026 · Bank of Canada

5-year posted rate

6.19%

+0.1 pts vs. a year ago

As of Nov 4, 2026 · Bank of Canada

5-year bond yield

3.46%

+0.7 pts vs. a year ago

As of Nov 10, 2026 · Bank of Canada

Average new mortgage rates in Canada

What borrowers actually paid on new mortgages, by term and insurance status.

Average rates on new mortgages

Aug 2026 · Bank of Canada, funds advanced by banks and lenders

Variable rate

Insured

3.74%

−0.7 pts y/y

Uninsured

3.90%

−0.6 pts y/y

Fixed, 1 to 3 years

Insured

4.94%

−0.4 pts y/y

Uninsured

5.31%

+0.0 pts y/y

Fixed, 3 to 5 years

Insured

4.02%

+0.0 pts y/y

Uninsured

4.13%

0.0 pts y/y

Fixed, 5 years and over

Insured

4.12%

+0.1 pts y/y

Uninsured

4.58%

+0.3 pts y/y

What borrowers actually paid on new mortgages, on average, not lender offers. Insured mortgages have a down payment under 20% and carry default insurance, which is why they usually get lower rates.

All mortgage rate data →

City markets

Housing market reports

New-home prices, construction and rents for Canada's largest cities, with changes from a year earlier.

Toronto housing market overview

Full Toronto report →

New housing price index

105.0

−4.9% vs 12 months earlier

Sep 2026

Housing starts, 12 mo

23,355

−9.8% vs prior 12 months

Sep 2026

Avg. 2-bedroom rent

$2,045

+3.7% vs prior year

October 2025 survey

Rental vacancy

3.00%

+0.5 pts vs prior year

October 2025 survey

Vancouver housing market overview

Full Vancouver report →

New housing price index

123.4

−2.1% vs 12 months earlier

Sep 2026

Housing starts, 12 mo

26,601

−4.9% vs prior 12 months

Sep 2026

Avg. 2-bedroom rent

$2,364

+2.2% vs prior year

October 2025 survey

Rental vacancy

3.70%

+2.1 pts vs prior year

October 2025 survey

Montréal housing market overview

Full Montréal report →

New housing price index

159.5

+1.2% vs 12 months earlier

Sep 2026

Housing starts, 12 mo

27,474

+12.5% vs prior 12 months

Sep 2026

Avg. 2-bedroom rent

$1,346

+14.5% vs prior year

October 2025 survey

Rental vacancy

3.30%

+0.8 pts vs prior year

October 2025 survey

Calgary housing market overview

Full Calgary report →

New housing price index

129.7

0.0% vs 12 months earlier

Sep 2026

Housing starts, 12 mo

24,403

−12.4% vs prior 12 months

Sep 2026

Avg. 2-bedroom rent

$1,908

+1.7% vs prior year

October 2025 survey

Rental vacancy

5.00%

+0.2 pts vs prior year

October 2025 survey

Ottawa–Gatineau housing market overview

Full Ottawa–Gatineau report →

New housing price index

162.3

+1.0% vs 12 months earlier

Sep 2026

Housing starts, 12 mo

14,228

+16.1% vs prior 12 months

Sep 2026

Avg. 2-bedroom rent

$1,757

+4.3% vs prior year

October 2025 survey

Rental vacancy

3.40%

+0.9 pts vs prior year

October 2025 survey

Metro comparison

Housing Market Pulse by metro

Percentile rank (0–100) across tracked metros on construction momentum, completions per resident, rental tightness and rent growth. Higher means more building and tighter rentals than other metros. Descriptive, not a forecast. How it's calculated.
MetroPulse scoreIndicators
Québec City Que.7816
Trois-Rivières Que.7314
Sherbrooke Que.7316
St. John's N.L.7015
Saint John N.B.6714
Montréal Que.6616
Saskatoon Sask.6416
Moncton N.B.6214
Ottawa–Gatineau Ont.6214
Halifax N.S.5916
Winnipeg Man.5516
Kelowna B.C.5315
Victoria B.C.5115
Abbotsford–Mission B.C.4914
Brantford Ont.4914
Edmonton Alta.4516
London Ont.4516
Regina Sask.4416
Peterborough Ont.4214
Vancouver B.C.4216
Kingston Ont.4115
St. Catharines–Niagara Ont.3915
Toronto Ont.3615
Calgary Alta.3516
Windsor Ont.3015
Oshawa Ont.2515
Kitchener–Cambridge–Waterloo Ont.2416
Barrie Ont.2314
Hamilton Ont.1915
Nanaimo B.C.Not enough data4
Kamloops B.C.Not enough data4
Red Deer Alta.Not enough data4
Lethbridge Alta.Not enough data4
Fredericton N.B.Not enough data4
Medicine Hat Alta.Not enough data2

Regional markets

Provinces and territories

Built on official sources only

  • Statistics Canada

    New housing prices, building permits, population and rent estimates.

  • CMHC

    Housing starts, completions, construction and the Rental Market Survey.

  • Bank of Canada

    Policy interest rate, posted mortgage rates and bond yields.

Every figure shows its reference date. Missing data is disclosed, never estimated. Methodology