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Canada's national average resale home price, tracked year-end by year-end from CREA's MLS® Systems data, from the 2021 pandemic-era peak through the 2025 cooldown and CREA's 2026 forecast.
was Canada's actual national average home price at the end of 2025
— down 5.6% from the December 2021 peak of $713,500, per CREA.
CREA National Statistics
Year-end average home price recorded over Canadian MLS® Systems, non-seasonally adjusted.
Year-end (December) national average home price recorded over Canadian MLS® Systems; the 2026 figure is CREA's published forecast (July 2026), not an actual. Source: CREA.
2021 was the peak: Canada's year-end average home price hit $713,500 in December 2021, at the height of the pandemic-era buying frenzy, before the Bank of Canada's rate-hike cycle triggered a sharp correction.
The 2022 correction was steep: By December 2022 the average price had fallen 12% year-over-year to $626,318 as higher borrowing costs pushed buyers to the sidelines.
Prices have mostly moved sideways since: From 2023 through 2025 the year-end average held in a roughly $650,000–$677,000 band — well below the 2021 peak, but above pre-pandemic levels.
CREA expects only a modest rebound in 2026: CREA's July 2026 forecast puts the national average at $686,710 for 2026, a 1.1% annual gain — a slow grind, not a new boom.
| Year | National average home price | Change | Note |
|---|---|---|---|
| 2021 | $713,500 | — | Pandemic-era peak (December) |
| 2022 | $626,318 | -12.2% | Rate-hike correction (December) |
| 2023 | $657,145 | +4.9% | December |
| 2024 | $676,640 | +3.0% | December |
| 2025 | $673,335 | −0.1% (virtually unchanged) | December |
| 2026 | $686,710 | +1.1% | CREA forecast (proj.), published July 2026 |
Figures are CREA's non-seasonally adjusted national average home price recorded over Canadian MLS® Systems, published each January for the prior December; 2026 is CREA's forecast.
Home sales CREA forecasts for 2026, a slight 1.4% pullback from 2025
CREA
Home sales across Canada in 2025, down 1.9% from 2024
CREA
Months of inventory nationally at the end of December 2025
CREA
CREA's forecast national average home price for 2026
CREA
A softer national average price doesn't mean softer opportunity — it means qualification math has shifted and clients need a broker who can explain it. Renewal clients in particular are recalculating equity and affordability against 2021-peak assumptions that no longer hold. Pair that conversation with capacity you can actually staff, and a broker-side team that can process the resulting volume without dropping files.
Last updated August 1, 2026. Each figure carries its source; projections are labelled. Page reviewed on every major source release. Information only — not advice.
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