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10 Most Expensive Places to Live in Canada

If you dream of buying a home in one of Canada’s most sought-after locations, you’re in for a surprise. Living in many of Canada’s big cities comes at a steep price. While mortgage rates have eased, it may not make a huge difference, especially regarding your down payment.

According to the latest Canadian Real Estate Association (CREA) data, the national average home price reached $676,640 (December 2024). That’s a 2.5 per cent year-over-year increase. Single-family detached homes averaged $855,900, while condos sold for $592,700 in the final quarter of 2024. But these numbers don’t tell the whole story. Prices in Canada’s most desirable locations are much higher than the national average.

Let’s take a look at the ten most expensive places to live in Canada. From breathtaking waterfront properties to high-rise penthouses with big-city amenities, these are Canada’s most expensive places to live.

Related: Top Renter-Friendly Cities That May Surprise You



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