News Release Home Prices Falling or Flat in Several Canadian Markets Amid Rising U.S. Tariff Risks TORONTO, ONT. —June 24, 2025 — According to analysis of the RPS-Wahi House Price Index by Wahi, a digital real estate platform, several tariff-exposed Canadian markets have started to see home price declines or stagnation. Meanwhile, national prices climbed 1% on a year-over-year basis in May — the smallest annual increase since August 2023. National highlights from the report include: Hamilton—among 19 Canadian cities flagged as most vulnerable to U.S. tariffs by the Canadian Chamber of Commerce — saw the sharpest year-over-year home price decline in May — down 3%. As recently as February, Hamilton home values were up 3% annually. A major steel exporter, Hamilton ranks 8th in the country for tariff exposure. St. Catharines-Niagara, the 16th most exposed market to tariffs, saw home prices fall 2% year-over-year, down from +2% in February. Kitchener-Cambridge-Waterloo, as well as Belleville and Oshawa, each experienced price declines of about 1%, while prices were flat in Barrie and Abbotsford-Mission. As recently as February, Kitchener-Cambridge-Waterloo and Belleville home values were up 3% annually, while Oshawa home values were up 1%, Barrie +3%, and Abbotsford-Mission +6%. You can access the full report here. 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 Go To Press Release
