Top 5 Cities in Canada for Home Price Growth in 2025
April 18, 2025
Canada's housing market is heating up in 2025, with five cities showing strong price appreciation potential. Whether you're an investor or a family looking for a new start, this guide breaks down where your next property purchase should be. Explore top-performing real estate markets, featuring homes for sale, bungalows for sale in Milton, Ontario, and more.
Top 5 Canadian Cities Forecasted for Price Growth in 2025
The Canadian real estate market is making a strong comeback in 2025. With signs of price acceleration, limited inventory, and steady immigration, the market is ripe for long-term gains. From booming job markets to lifestyle appeal, these top five cities show the most potential for price growth.
If you're eyeing a home for sale—a new bungalow in Milton, Ontario, or an urban home in Alberta—this list will point you in the right direction.
City | Forecasted Price Growth (2025) | Why It’s Booming | Buyer Focus |
Calgary, AB | +8.0% | Affordability, job creation, low inventory | First-time buyers, investors |
Edmonton, AB | +6.5% | Population growth, new housing demand, post-pandemic rebound | Detached homes, affordable investments |
London, ON | +5.0% | Lower prices vs. GTA, stable job market | Young families, downsizers |
Hamilton, ON | +4.5% | Proximity to Toronto, urban revitalization | Families, commuters |
Kitchener-Waterloo, ON | +4.0% | Tech boom, strong rental demand | Investors, working professionals |
1. Calgary, Alberta – Alberta’s Comeback Star
Calgary is leading the real estate rebound in 2025. With a projected 8% price increase, it’s drawing national attention. The city has become a haven for young professionals and remote workers due to its affordable housing, low taxes, and high-paying jobs in the tech and energy sectors.
Inventory remains tight, and the influx of newcomers to Alberta only pushes prices higher. If you're looking for a new home for sale or a long-term investment, Calgary offers some of the best value in Canada right now.
2. Edmonton, Alberta – The Underdog on the Rise
Just north of Calgary, Edmonton is seeing some of the highest home sales volume in years. The RE/MAX forecast anticipates continued momentum with a projected 6.5% price appreciation. Edmonton benefits from affordability and a new wave of buyers priced out of other major metros.
Detached homes and new builds are beautiful here. With infrastructure expanding and lifestyle improving, Edmonton is not just an oil town anymore—it’s a real estate goldmine for savvy buyers looking for new bungalows for sale.
3. London, Ontario – Affordable Gateway to the GTA
London continues to rise due to its affordability, accessibility, and job market stability. Home to major healthcare and educational institutions, the city draws locals and international residents.
Forecasted to grow by 5% this year, London is a prime alternative to the expensive Greater Toronto Area (GTA). The market here is rich with homes for sale that offer excellent long-term appreciation. London’s peaceful neighbourhoods and modern developments make it a desirable pick for retirees and young families.
4. Hamilton, Ontario – Toronto’s Strategic Sister City
Hamilton is evolving fast. Once an industrial town, it's a hotspot for arts, culture, and high-rise developments. Thanks to strong buyer demand and urban revitalization, prices are expected to increase by 4.5% in 2025.
With the planned LRT and improved GO Train connections, Hamilton is more commuter-friendly than ever. Bungalows, semis, and condos in this region are still competitively priced. For those seeking a home for sale within an hour of Toronto, Hamilton offers value and vibrancy.
5. Kitchener-Waterloo, Ontario – Canada's Tech Hub
Home to major companies like Google and Shopify, Kitchener-Waterloo’s tech sector is driving a housing boom. Strong job creation is expected to drive a 4% increase in home prices in 2025. Thus, demand is constantly rising.
Its universities, light rail access, and balanced lifestyle make it ideal for families and professionals alike. Urban condos and suburban bungalows combined guarantee something for everyone. Kitchener-Waterloo provides many options for anyone looking for bungalows for sale in Milton, Ontario, but who is ready to widen their search area.
Spotlight: Milton, Ontario – Small-Town Charm, Big-Time Growth
Milton, Ontario, is among the GTA's fastest-growing towns and merits an honorable mention even though it does not rank among the top five for price increases. Milton acts as a new homebuyer with modern improvements, green space, and family-oriented design.
This is a great location to find new bungalows for sale, especially for those wishing to downsize without sacrificing comfort or upsize from condo living. It's close to Toronto, and Burlington keeps it connected while preserving a suburban feel.
Conclusion
Canada’s real estate market in 2025 is full of opportunity—if you know where to look. Cities like Calgary, Edmonton, London, Hamilton, and Kitchener-Waterloo are set to deliver strong price growth driven by infrastructure, affordability, and economic resurgence.
This is the year to make wise investments whether your search is for a house for sale, new bungalows for sale, or specifically for Milton, Ontario, homes that meet your needs. Start exploring today with Bungalow Finder.
FAQs
Q1: Which Canadian city will see the most home price growth in 2025?
A: Calgary is expected to lead with an 8% price increase in 2025.
Q2: Is Milton a good place to buy a bungalow in 2025?
A: Milton offers excellent value and demand for bungalows, especially among growing families and downsizers.
Q3: What drives price growth in cities like Edmonton and London?
A: Affordability, job growth, and infrastructure investments are key drivers behind rising prices in these cities.
Q4: Where can I find new bungalows for sale in growth markets?
A: Bungalow Finder lists new and resale bungalows across Canada’s top growth cities like Milton, Calgary, and London.
