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Canada's Top Housing Markets in 2025
Canada’s hottest markets in 2025 aren’t where you might think. With cities like Fredericton and Saint John topping the list, smaller urban centers are stealing the spotlight from Toronto and Vancouver.
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Read Time: 4 minutes
🔥 Canada's Top Real Estate Markets in 2025
Fredericton, N.B. ranked #1 in Canada for long-term real estate value in 2025, with prices up 11% year-over-year and 72% over five years.
Calgary took the #2 spot thanks to strong economic fundamentals, a growing population, and solid value appreciation.
Saint John, N.B. ranked #3 with an average home price of around $311,000 and strong long-term price growth
Western markets like Edmonton, Regina, and Winnipeg saw double-digit sales increases early in 2025.
Toronto saw a 9% year-over-year sales decline at the start of 2025, with prices remaining mostly flat.
Rankings are based on Zoocasa, which uses a mix of price appreciation, affordability, local incomes, safety, and healthcare quality.
Canada's national inventory reached 4.4 months in May 2024, the highest since early 2020.
Why This Matters: Toronto, Vancouver, and other large markets are growing more slowly, with affordability and demand shifting elsewhere. Smaller Atlantic Canada cities offer outsized returns, driven by affordability and lifestyle appeal. Rental markets in smaller cities may see increased pressure from new residents, supporting cash flow opportunities.