RPS-Wahi House Price Index June 2026 National home prices declined by 3% on a year-over-year basis in June. Most Recent Report Economic Uncertainty Erodes Canadian Home Prices July 14, 2026 As concerns over the economy persist, Canadian home prices slouched by 3% in June, according to the latest reading of the RPS-Wahi House Price Index. Read now 2026 June Key Insights The national RPS-Wahi House Price Index declined 3% year over year in June, easing slightly from May’s 4% annual decline. Seven of 13 major markets remain in negative territory, including Calgary (-1%), Ottawa (-3%), Halifax (-4%), Vancouver (-4%), Victoria (-6%), Hamilton (-8%) and Toronto (-8%). Quebec City continued to lead the major markets, with prices rising 10% year-over-year, followed by Montreal at 7%. Saskatoon and Winnipeg each recorded annual price growth of 5%, supported by relative affordability and limited housing supply. Pricing momentum has levelled off elsewhere in the Prairies, with Edmonton up 1%, and Regina unchanged from a year ago. Multi-family homes remain the fastest-depreciating property types, with condo prices down 7% and row/townhouse prices down 8% annually. Detached and semi-detached home prices declined by 3% and 4%, respectively. Previous House Price Index Reports Canadian Home Prices Drop 4% to Cap Off the Spring Market view report Prices Are Now Slipping in Most Major Canadian Housing Markets view report 6 of 13 Major Canadian Housing Markets See Prices Drop in March view report Home Prices are Now Down in 5 Major Canadian Cities view report explore more reports Methodology The RPS-Wahi Home Price Index is the most comprehensive source for house price data in Canada and includes the median house price dollar values and extensive additional data by property type from a national to the local level. Long-Term Price Trends The RPS-Wahi House Price Index is based on the latest monthly actual home values in 1,000 towns and cities across the country. The index shows how property values have changed over time, relative to a base period (Jan. 2005 = 100). An HPI value of 300 means property values have tripled (on a smoothed, adjusted basis) since 2005.h The HPI does not indicate the actual price of a property. It demonstrates how prices have moved relative to the base period. Market Momentum A rising index indicates an upward price trend. A falling index suggests price softening or correction. Since the HPI smooths noise and filters out outliers, it gives a more stable, reliable picture of pricing trends than monthly medians.e The HPI is based on an up-to-six-month rolling average, so it does not reflect short-term volatility, such as one-off surges in prices from luxury sales. For more information, the complete methodology is available here. News Media Contact Kristin Doucet Managing Editor Tel: 877-207-4273E-mail: pr@wahi.com
