Niagara Real Estate Market

CREA MLS® HPI · June 2026

As of June 2026, the typical single-family home reaches 596 100 $, or −6.5 % year over year. Between vineyards and tourism, the region draws retirees as much as buyers priced out of the Greater Toronto Area.

Prices declining. The benchmark price is down over one year: negotiating room tends to widen in this phase.

Benchmark price by property type in Niagara

Single-family

596 100 $ (−6.5 % year over year)

Condo

335 700 $ (−15.2 % year over year)

Townhouse

527 900 $ (−4.7 % year over year)

CREA’s MLS® HPI publishes quality-constant benchmark prices; it publishes no sales volume, no active listings and no days-on-market for this region. It also publishes no benchmark for income properties: the third series is a townhouse, and is presented here as such.

How Niagara ranks in Canada

With a benchmark price of 596 100 $, Niagara is the 10th most expensive market of 19, or 0% above the median of markets covered outside Quebec (596 100 $).

Rental vacancy rate

A vacancy rate of 3.5% in 2025 in Niagara (source: CMHC).

Asking rents in Niagara

studio : 1 310 $ · 1 bedroom : 1 600 $ · 2 bedrooms : 1 880 $ · 3+ bedrooms : 2 240 $. Average asking rent for apartments listed for rent (St. Catharines-Niagara CMA, 2026-01, experimental estimates from Statistics Canada). Asking rents run higher than the average rent of an occupied stock: read this as a market ceiling, not as income already earned.

Frequently asked questions

What is the price of a home in Niagara?

In June 2026, the benchmark price of a single-family home in Niagara is 596 100 $ (−6.5 % year-over-year), according to CREA's MLS® Home Price Index.

Does the Niagara real estate market favour buyers or sellers?

Prices declining. The benchmark price is down over one year: negotiating room tends to widen in this phase.

What is the price of a condo or a townhouse in Niagara?

In June 2026, the benchmark price is 335 700 $ for a condo and 527 900 $ for a townhouse in Niagara. CREA publishes no benchmark for income properties.

Where does this data come from and how often is it updated?

Figures come from the MLS® Home Price Index published monthly by the Canadian Real Estate Association (CREA). They are benchmark prices for a typical property — a quality-constant measure, not a median of observed sales — provided for informational purposes.

Source : MLS® Home Price Index, Canadian Real Estate Association · June 2026.