News Release

RPS-Wahi House Price Index: National Prices Down 2% to Start 2026

TORONTO, ONT. —February 18, 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 at the start of 2026.

Wahi, a leading Canadian real estate platform, and Real Property Solutions (RPS), Canada’s foremost provider of property valuation services, today released their monthly house price index for January 2026.

According to the latest data — Canada’s most comprehensive and timely measure of home prices — national home prices were down 2% year-over-year, marking the largest annual decline since July 2023.

“Although the January reading of the RPS-Wahi House Price Index represents the largest annual decline in two-and-a-half years, most urban centres outside of the Toronto and Vancouver regions are showing signs of stability,” says RPS-Wahi Economist Ryan McLaughlin. “In some cases, such as Quebec City and certain markets in the Prairies, markets are even gaining momentum,” he continues.

Highlights from the January report include:

• Toronto (-6%), Hamilton (-5%), Victoria (-5%) and Vancouver (-4%) posted annual price declines, with Victoria’s house prices dipping another 2% compared with the previous month.
• Quebec City (+14%), Regina (+11%), Montreal (+9%), and Winnipeg (+8%) were the strongest performing markets, leading the country in year-over-year growth. Relative affordability, resilient employment conditions, and favourable demographic trends continue to support demand in these centres
• Prairie market momentum remains positive, with Calgary (+2%) and Edmonton (+4%) cooling from earlier double-digit gains
• Condo prices continued to lead declines, falling 5% nationally, driven in large part by persistent weakness in Toronto and Vancouver, compared with a 1% drop in detached homes, a 3% decline for semi-detached, and a 4% dip for row/townhouses

These price trends highlight how differences in affordability and supply conditions continue to drive diverging outcomes across Canada’s housing markets, with Toronto and Vancouver weighing on national figures while many other regions remain comparatively resilient.

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

RPS-Wahi economist Ryan McLaughlin is available to discuss what the January data signals for Canada’s housing market in the months ahead.

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