🇨🇦 Canada

Canada's real estate market has been one of the world's hottest over the past two decades, particularly in Vancouver and Toronto where average home prices have surpassed $1 million CAD. The market spans from trendy condominiums in downtown Montreal to waterfront properties in British Columbia's Gulf Islands. Canada's strong immigration policy — welcoming over 400,000 new permanent residents annually — continues to fuel housing demand.

The Canadian government has implemented various cooling measures including a foreign buyer ban (introduced 2023), higher stress test rates, and speculation taxes in British Columbia and Ontario. Despite these measures, supply shortages persist in major cities. For prospective buyers, the Prairie provinces (Alberta, Saskatchewan, Manitoba) offer significantly more affordable options, with Calgary emerging as a popular alternative for those priced out of Vancouver and Toronto. Property taxes are relatively low compared to the US, but annual increases have been accelerating.