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

The Saskatoon housing market in July is buzzing with energy! 

With an average house price soaring to $425,086, buyers are feeling the excitement as properties are snatched up in just 28 days on average! This marks a stunning 6.8% increase compared to the previous year, where homes lingered on the market for 34 days. 

As illustrated in the graph, the trend is unmistakable: prices are climbing steadily, while the time homes spend on the market is shrinking. It’s a vibrant landscape of opportunity where every day brings new possibilities for buyers and sellers alike!