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The average mortgage payment in the large and mid-sized cities in Canada ranged between Canadian dollars and Canadian dollars. In the fourth quarter of 2025, Vancouver topped the ranking, with homebuyers paying, on average, Canadian dollars monthly. In Toronto, the average monthly scheduled mortgage payment was Canadian dollars. 

Canada’s housing market

House prices in Canada vary widely across the country. In 2025, the average sales price of detached single-family homes in Vancouver was twice as expensive as the national average. Vancouver is undoubtedly considered the least affordable housing market: In 2025, the cost of buying a home with a **-year mortgage in Canada was approximately ** percent of the median household income, whereas in Vancouver, it was nearly ** ±è±ð°ù³¦±ð²Ô³Ù.Ìý

Development of house prices

The development of house prices depends on multiple factors, such as availability on the market and demand. Between 2005 and 2022, house prices in Canada have been continuously growing. In the past years, the house price index in Canada has been on a slight downward trend.