RPS-Wahi House Price Index July 2025 The RPS-Wahi House Price Index was flat on a year-over-year basis in July, with softer conditions emerging in the single-family home segment. Most Recent Report Canadian Home Prices Flatten in July as Single-Family Homes Join Market Slowdown Aug 18, 2025 The RPS-Wahi House Price Index was flat on a year-over-year basis in July, with softer conditions emerging in the single-family home segment Read now 2025 July Key Insights National trends: Detached and row-townhouse indices were up just 1% year-over-year, while semi-detached homes dropped by 1%. Condo values fell 7% year-over-year, matching a 20-year low for annual depreciation in any month. Quebec City leads gains: The index rose 13% annually, driven largely by a shortage of entry-level houses and condos, according to local REALTORS®. Price growth in Winnipeg follows: Up 9% year-over-year, with affordability attracting buyers from other provinces, combined with tightening supply. Condo markets weaken in Toronto and Vancouver: Both markets saw their steepest year-over-year condo index declines in at least two years—Toronto down 10% and Vancouver down 9%. Previous House Price Index Reports Canadian Home Prices Stabilize as Major Markets Remain in a Slump view report Canadian Home Prices Levelling off as Condo Market Matches 20-Year Low view report Canadian Home Price Growth Eases in April view report Canadian Home Prices Rise 3% in March view report explore more reports Methodology The RPS-Wahi Home Price Index is the most comprehensive source for house price data in Canada and includes the median house price dollar values and extensive additional data by property type from a national to the local level. Long-Term Price Trends The RPS-Wahi House Price Index is based on the latest monthly actual home values in 1,000 towns and cities across the country. The index shows how property values have changed over time, relative to a base period (Jan. 2005 = 100). An HPI value of 300 means property values have tripled (on a smoothed, adjusted basis) since 2005.h The HPI does not indicate the actual price of a property. It demonstrates how prices have moved relative to the base period. Market Momentum A rising index indicates an upward price trend. A falling index suggests price softening or correction. Since the HPI smooths noise and filters out outliers, it gives a more stable, reliable picture of pricing trends than monthly medians.e The HPI is based on an up-to-six-month rolling average, so it does not reflect short-term volatility, such as one-off surges in prices from luxury sales. For more information, the complete methodology is available here. News Media Contact Kristin Doucet Managing Editor Tel: 877-207-4273E-mail: pr@wahi.com
