News Release

RPS-Wahi House Price Index Shows Canadian Home Prices Easing

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TORONTO, ONT. —May 14, 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 April.

Canadian home prices continued to trend upward in April, but at a more moderate pace compared to earlier in the year. The combination of affordability challenges and economic uncertainty driven by the ongoing trade war is taking an increasing toll on several key markets.

The RPS-Wahi House Price Index, Canada’s most comprehensive measure of home price movement, rose a modest 2% year-over-year in April, down from a 3% rise in March and a 4% rise in February, though national growth was dampened by price dips in Toronto, Hamilton and Vancouver.

Highlights from the April report include:

• At the national level, the RPS-Wahi House Price Index increased by 2% on a year-over-year basis, according to Wahi, RPS’s official partner in presenting the index. That represents a small retreat compared to March, when the index was up 3% annually.
• Single-family detached homes led the market, with a 4% year-over-year price increase. Semi-detached home prices remained flat, while row/townhouses increased by 2%. Meanwhile, condos/apartments dropped by 6%.
• Regionally, Quebec City posted the strongest performance, with a 15% annual increase, followed by Montreal and Edmonton (9% each.) In contrast, Toronto, Hamilton and Vancouver dropped by 1%, 1% and 3% respectively.

You can access the full RPS-Wahi House Price Index report for April, including detailed charts, here.

Benjy Katchen, President and CEO of RPS-Wahi, is available for comment.

The RPS-Wahi HousePrice 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 he 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