RPS-Wahi House Price Index February 2026 National home prices fell 2% year over year, matching the decline observed in January. Most Recent Report Home Prices are Now Down in 5 Major Canadian Cities February 16, 2026 Ottawa has become the fifth major Canadian housing market to see home prices decline on a year-over-year basis, according to the latest reading of the RPS-Wahi House Price Index. Read now 2026 February Key Insights Hamilton (-6%), Toronto (-6%), Vancouver (-4%) and Victoria (-7%) continue to post year-over-year declines. Markets in Quebec City (+13%), Montreal (9%), Winnipeg (+7%), and Regina(+4%) continue to show stronger price momentum, helping offset weakness in Toronto and Vancouver. Condo prices remain the weakest segment, down 5% nationally, with the trend holding steady since late 2025. Row/townhouses also declined 5%, while semi-detached homes fell 3% and detached homes dropped 2%. Previous House Price Index Reports Canadian Housing Market Begins 2026 Slow and Steady view report Canadian Home Prices Are Now Falling for All Property Types view report National House Price Index Declines for First Time Since 2023 view report Single-Family Home Prices Soften Amid Canada’s Fall Housing Market 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
