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The Hottest Real Estate Markets in Canada Right Now

According to the Canadian Real Estate Association, the average home in Canada sold for $644,945 in October this year. This is a 1.8 per cent increase in the average house price since October 2022. While this doesn’t sound like a dramatic increase overall, there are some markets across the country that showed extraordinary growth compared to the same time last year.

Between October 2022 and October 2023, we identified the housing markets with the most significant price growth. So, what are the hottest real estate markets in Canada at the moment? Nova Scotia leads with four markets where the average price of a home grew at least 13 per cent year over year. Alberta follows closely with three markets that grew between 12 per cent and 43 per cent from last year. Read on to learn more about the top 10 real estate markets and what makes them so appealing.

You might also like: 5 Advantages to Buying a Home in the Winter Season

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