House Price Comparison in Major Canadian Cities (2005 vs. 2025)
Here's a detailed comparison of house prices in various Canadian cities over a 20-year span, including the House Price Index (HPI) for 2025. HPI=100(2005).
House Prices Overview
| City | 2005 Price | 2025 Price | HPI (2025) |
| ------------------- | ------------- | ------------- | ------------ |
| Greater Vancouver | $351,600 | $1,173,100 | 333.6 |
| Greater Toronto | $315,400 | $995,100 | 321.1 |
| Calgary | $208,000 | $580,100 | 278.9 |
| Edmonton | $168,700 | $433,100 | 256.7 |
| Saskatoon | $128,100 | $432,700 | 337.8 |
Key Insights
• Highest HPI: Saskatoon has the highest House Price Index at 337.8, indicating significant appreciation in house prices over the 20-year period.
• Lowest HPI: Edmonton has the lowest House Price Index at 256.7, reflecting a more modest increase in housing prices compared to other cities.
Price Growth Analysis
• Greater Vancouver experienced the highest absolute increase in prices, climbing from $351,600 to $1,173,100.
• Calgary and Edmonton show lower price points compared to Vancouver and Toronto but reflect substantial growth relative to their starting prices.
Conclusion
The data illustrates a significant increase in house prices across all major cities in Canada from 2005 to 2025, with Saskatoon showing the most notable growth in terms of HPI. This information can be useful for potential homebuyers and investors looking at trends in the Canadian real estate market.
The graph is from CREA websites
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