RPS-Wahi House Price Index October 2025 This October was the first month in more than two years to see home prices down or flat for all types of properties tracked by the RPS-Wahi House Price Index. Most Recent Report Single-Family Home Prices Soften Amid Canada’s Fall Housing Market Nov 17, 2025 This October was the first month in more than two years to see home prices down or flat for all types of properties tracked by the RPS-Wahi House Price Index. Read now 2025 October Key Insights Winnipeg and Quebec City are now tied as Canada’s hottest housing markets, each posting 11% year-over-year price gains in October. Their relative affordability and favourable economic conditions are driving demand, while supply constraints — particularly Quebec City’s shift toward purpose-built rentals — are intensifying competition for ownership housing. Regina and Montreal recorded the third-strongest annual increase, and Regina was the only major market where price appreciation accelerated compared to September. Winnipeg and Regina have now overtaken Calgary and Edmonton as the strongest Prairie markets, while Alberta’s previously rapid price growth continues to cool back toward balance. Toronto and Vancouver remain weighed down by the weak condo segments, and detached home values in both markets were down 3% year-over-year. Detached home prices — which make up over half of Canada’s housing stock — were flat year over year, while townhouses declined 1%, semi-detached homes dipped 2% year-over-year, as condo values dropped 6% year-over-year Previous House Price Index Reports Supply Imbalances and Affordability Fuel Diverging Canadian Home Price Trends view report Canadian Housing Market Holds Steady this Summer with Notable Exceptions view report Canadian Home Prices Flatten in July as Single-Family Homes Join Market Slowdown view report Canadian Home Prices Stabilize as Major Markets Remain in a Slump 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
