Average Value of Dwelling, 2006

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Abstract

The average value of a dwelling in Canada was $263 369 according to the 2006 Census an increase of 62% from the 2001 Census average of $162 709. All provinces and territories have experienced a rise in housing values, particularly in Alberta (84%) and British Columbia (82%). For example, in Calgary, Alberta it was 89%, and in Kelowna and Victoria, British Columbia, respectively, it was an increase of 102% and 100%. The value of a dwelling is the dollar amount expected by the owner if the dwelling were to be sold. The average value pertains only to owner-occupied private dwellings, which do not include dwellings situated on farms, but can include owner-occupied dwellings situated on rented or leased land or part of a condominium. The map shows the average value of owner occupied dwellings by census division and census subdivision.

In Alberta where the average homeowner estimated value of dwelling increased the most from 2001, the average estimated value of owned dwellings went from $230 645 to $418 703. Nunavut homeowners had an average estimated value of dwelling of $165 383 in the 2001 Census and $214 817 in the 2006 Census, an increase of 30% the smallest increase in the country.

British Columbia homeowners continue to have the highest average estimated value of dwelling among the provinces and territories. In the 2006 Census, homeowners in British Columbia expect to receive an average of $418 703 for their dwelling. The next highest average homeowner estimated value of dwelling in the 2006 Census was in Ontario at an average of $297 479. In the 2001 Census, British Columbia homeowners had an estimated average value of dwelling of $230 645.

Newfoundland and Labrador homeowners continue to have the lowest estimated value of dwelling at $111 711 among the provinces and territories. Nevertheless, the estimated value of dwelling by homeowners in Newfoundland and Labrador increased from the 2001 Census when the average homeowner estimated value of dwelling was $76 283.

The Daily is Statistics Canada's official release bulletin. The Daily for May 1, 2008, marked the public release of this census variable. Technical notes for this variable can be found at Housing and Dwelling Characteristics Reference Guide, 2006.

The text was adapted from Statistics Canada, Changing Patterns in Canadian Homeownership and Shelter Costs, 2006 Census, Catalogue number 97-554-XWE2006001. Statistics Canada information is used with the permission of Statistics Canada. Information on the availability of the wide range of data from Statistics Canada can be obtained from the Statistics Canada's Regional Offices, its World Wide Web site at www.statcan.gc.ca, or its toll-free access number 1-800-263-1136.