Analysis: The rises and falls of Canada’s secondary housing markets
Smaller markets in Canada are seeing the most pronounced changes in home prices right now, with strong gains in Quebec and sharper declines in the Maritimes.
When the appraisal comes in under value: a broker’s guide to the gap
The appraisal gap in Canada is widening as home prices in key market segments underperform. However, brokers have options when an appraisal comes in low.
Prices are now slipping in most major Canadian housing markets
National home prices declined 4% year-over-year in April 2026, the sharpest drop since July 2023, as 7 of 13 major markets slipped into negative territory.
6 of 13 major Canadian housing markets see prices drop in March
National home prices fell 3% year-over-year in March 2026, the steepest annual decline yet, as Halifax became the sixth major market to slip into negative territory while Quebec City and Montreal continued to widen their lead over the rest of the country.
Home prices are now down in 5 major Canadian cities
National home prices fell 2% year-over-year in February 2026 as Ottawa became the fifth major Canadian market to slip into negative territory.
Canadian housing market begins 2026 slow and steady
The national RPS House Price Index posted its largest annual decline in two and a half years in January 2026, falling 2% year-over-year, but regional performance varies.
Canadian home prices fall for all property types
Canadian home prices fell across all property types in December for the first time since mid-2023, with four major markets ending 2025 in negative territory.
National house price index declines for first time since 2023
National home prices declined 1% year-over-year in November, the first national decrease since mid-2023, with Victoria entering negative territory.
National home prices steady, but market conditions shift beneath the surface
For the first time in over two years, all tracked property types were flat or declining in October as regional divergence widened across Canada.
Regional contrasts define September housing market
The national RPS House Price Index remained flat in September, as Quebec City and Winnipeg surged ahead while Toronto and Vancouver continued to decline.
Canadian housing market holds steady this summer
The national RPS House Price Index showed no year-over-year change in August, while Quebec City, Winnipeg, and Regina continued to lead national gains.
National price growth slips 0.2% in July as regional gaps widen
The national RPS House Price Index dipped 0.2% year-over-year in July, the first negative annual reading since August 2023, as regional gaps widen.