Average Value of Dwelling, 2006 (by census division)

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.