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Condo Price Appreciation: The Best and Worst Cities in Canada


Cliff Peskin

BuzzBuzzHome

Nov 30, 2010

Colombia has coffee, Canada has condos. Condos here are like a commodity. For buyers, sellers and market spectators there are some interesting stats compiled by RBC in its report, “Housing Trends and Affordability“.

The report gives a look at condo appreciation in six Canadian cities from third quarter 2009 to third quarter 2010 . Here’s the list – in order of lowest to highest…

Edmonton
avg price: $190,000
Y/Y % Change: -4.1%)
Edmonton wins the award for least appreciation.

Calgary
avg price: $246,700
Y/Y % Change: -1.1%)
Calgary trudging along.

Toronto
avg price: $309,900
Y/Y % Change: +5.6%
Woohoo Toronto!

Montreal
avg price: $223,700
Y/Y % Change: +6.1%
bien fait bien fait

Ottawa
avg price $238,200
Y/Y % Change: +7.1%
What a resilient city.

Vancouver
avg price $390,400
Y/Y % Change: +10.5%
Holy Moly! Winner of the highest award.

Posted on November 30, 2010 | buzzhomeblog Posted in Uncategorized |
  • CMD

    Nevermind, the RBC report. I don't think their numbers for Edmonton are quite right on that one.

  • CMD

    For average condo prices that is. The average price hasn't dropped below $220k since 2005/06.

  • BuzzBuzzHome

    interesting – thanks for letting us know!

  • Anonymous

    Thanks for posting something that includes Western Canada

  • Anonymous

    Thanks for posting something that includes Western Canada