News Release

RPS-Wahi House Price Index: Home Prices Now Down in 6 Major Canadian Cities

TORONTO, ONT. —April 13, 2026 — We’re pleased to share the latest national housing data from Wahi and Real Property Solutions (RPS) — timely insight for anyone covering real estate market trends going into the spring market.

Wahi, a leading Canadian real estate platform, and Real Property Solutions (RPS), the foremost Canadian provider of property valuation services, today released their March 2026 House Price Index.

According to the latest data — Canada’s most comprehensive and timely measure of home prices — national home prices declined by 3% on a year-over-year basis. This is a slightly larger annual decline than what was observed in the first two months of the year, when the index was falling at a rate of 2% annually. The deeper drop at the national level is at least partly a function of more widespread regional price declines.

Notably, six major Canadian housing markets of the 13 major metro areas analyzed are now experiencing annual price declines.

Halifax has become the latest market to join that group, with values tumbling by 2% year over year in March, trailing Ottawa, which in February had become the fifth major urban centre to post a decline. Halifax now joins Hamilton, Toronto, Vancouver, Victoria and Ottawa, where prices have already been trending downward.

“The Canadian housing market is performing a rebalancing act,” says RPS-Wahi Economist Ryan McLaughlin. “Like other previously hot housing markets currently experiencing slowdowns, Halifax appears to be returning to more balanced conditions rather than beginning a pronounced downturn,” he continues.

Highlights from the March report include:

• Six of 13 major markets are now in negative territory, with Halifax (-2%) newly joining Ottawa (-3%), Hamilton (-8%), Toronto (-7%), Vancouver (-5%) and Victoria (-9%).
• The national index declined 3% year over year, a steeper drop compared to the 2% declines observed in January and February.
• Previously strong markets such as Edmonton (+1%), Calgary (+1%), Saskatoon (+2%) and Regina (+2%) are seeing price growth moderate as conditions rebalance.
• Markets in Quebec, particularly Montreal (+9%) and Quebec City (+12%), continue to outperform, widening the gap with other regions.
• Condo values (-6%) were depreciating far more rapidly than any other housing type. Now, they have been surpassed by townhouse declines (-7%), while year-over-year price reductions for semi-detached (-4%) have also accelerated. Detached home values (-3%) have also declined on an annual basis, but continue to hold up better than other housing types.

The spread of price softness into Halifax highlights how housing market trends are becoming more mixed across Canada, with previously strong markets rebalancing and weakness persisting in regions with higher exposure to condo investment.

You can access the full RPS-Wahi House Price Index for March (and past reports), including detailed charts, here.

RPS-Wahi Economist Ryan McLaughlin is available for interviews to discuss what the latest data signals for Canada’s housing market as the spring market approaches.

About the Index:

The RPS-Wahi House Price Index data covers 1,000+ cities and towns across Canada, making it one of the most current and comprehensive indicators available. It includes the median house price dollar values and extensive additional data by property type from a national to the local level.

About Real Property Solutions

RPS is a leading national appraisal management company in Canada with a network of over 3,500 appraisers providing property valuation services to major financial institutions across the country. RPS is also the foremost provider of residential data solution services including the RPS House Price Index, RPS Automated Valuation Model (AVM), Portfolio Valuation Services, and the Collateral Assessment Review (CAR).

About Wahi

Wahi is a digital real estate platform that redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with expert REALTORS®.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com