RPS-Wahi House Price Index August 2026 The RPS-Wahi House Price Index slouched by 3% in August, as condo prices correct beyond Toronto and Vancouver and economic uncertainty stifles homebuying activity. Most Recent Report Canadian Housing Market Sputters to End Summer September 15, 2026 The RPS-Wahi House Price Index slouched by 3% in August, as condo prices correct beyond Toronto and Vancouver and economic uncertainty stifles homebuying activity. Read now 2026 August Key Insights The national RPS House Price Index declined 3% year over year in August, continuing the pace of depreciation seen throughout 2026. Toronto (-7%) and Hamilton (-7%) recorded the steepest declines among the 13 major metro areas as Vancouver (-3%) and Victoria (-3%) continued to move closer to balanced conditions, while Ottawa-Gatineau (-1%) and Halifax (-1%) posted comparatively modest declines. Calgary home values were flat year over year, improving from negative territory in July. Quebec City (+11%) remained the strongest major market, followed by Montreal (+6%) and Regina (+6%). Row/townhouse values (-7%) and condos (-6%) remained the weakest property types nationally, compared with declines of 3% for both detached and semi-detached homes. Condo weakness is extending beyond Ontario and B.C., with Calgary’s multi-family segment now underperforming detached homes as a wave of new condo supply comes to market. Previous House Price Index Reports Canadian Home Prices Slip 3% in July as Tariff-Exposed Markets Are Hit Harder view report Economic Uncertainty Erodes Canadian Home Prices view report 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 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
