Canadian cities overtake major U.S. cities for fastest

Home prices in Canada have seen some of the steepest growth, even as prices continue to rise across most major North American cities.

A new report confirms what many buyers already know about home prices in Canada: they’ve been continuing to surge for the past two decades. Using data from Zillow, Visual Capitalist analyzed how prices have shifted in the U.S. and Canada, and several Canadian cities stand out.

The report compared home prices across the top 25 North American cities and found that, on average, prices rose by 92 per cent between 2005 and 2025, nearly doubling over two decades.

It would be easy to assume that expensive markets like New York, Los Angeles, or San Francisco would top the list, where over 20 years, prices rose by 59 per cent, 73 per cent, and 79 per cent, respe