News Release

RPS-Wahi House Price Index Shows Canadian Home Prices Stabilize in June, But 3 Major Markets Still Lag

TORONTO, ONT. —July 16, 2025 — Wahi, a leading Canadian real estate platform, and Real Property Solutions (RPS), Canada’s foremost provider of property valuation services, today released their monthly home price index for June 2025.

Following three straight months of slowing growth, the RPS-Wahi House Price index — Canada’s most comprehensive and timely measure of home prices — held steady in June, rising 1% year-over-year, matching May’s pace, which had marked the smallest gain since August 2023. While modest, this growth may indicate the first signs of stabilization in Canada’s housing market.

Despite signs of stabilization, three of Canada’s largest urban markets — Toronto, Vancouver, and Hamilton — continue to underperform the national trend in home prices. While Toronto and Vancouver have been two of the hardest-hit markets in Canada in terms of home price declines, real estate boards in the two cities reported improved home sales in June.

Highlights from the June report include:

• 10 of 13 major Canadian cities posted annual price gains. Quebec City (+13%), Regina (+10%), and Winnipeg (+10%) led the pack, driven by
  affordability, demand-supply imbalances, and insulation from U.S. tariffs.
• Hamilton and Vancouver home values fell 4%, while Toronto declined 3% — largely due to ongoing condo market weakness and, in Hamilton’s case, potentially its exposure to U.S. steel tariffs.
• Condo values dropped 7% year-over-year, one of the largest annual declines since the index launched in 2005, as Toronto and Vancouver’s high-rise markets remain in recessionary territory.
• Detached and townhouse prices climbed 3% and 2%, respectively, while semi-detached homes dipped 1% year over year.

You can access the full RPS-Wahi House Price Index report for June (and previous months), including detailed charts, here.

Benjy Katchen, President and CEO of RPS-Wahi, is available to provide deeper insight into the index’s findings and the factors reshaping Canada’s real estate landscape.

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