RPS-Wahi House Price Index July 2026 In July, the national RPS-Wahi House Price Index declined by 3% on a year-over-year basis. Most Recent Report Canadian Home Prices Slip 3% in July as Tariff-Exposed Markets Are Hit Harder August 13, 2026 Economic headwinds and weaker homebuyer sentiment are keeping the Canadian real estate market stuck in neutral this summer. Read now 2026 July Key Insights The national RPS-Wahi House Price Index declined 3% year over year in July, unchanged from June. Among the 13 major markets, some of the steepest declines were recorded in Toronto (-8%), Hamilton (-7%), Victoria (-6%) and Vancouver (-4%). Quebec City (+11%) and Montreal (+6%) continued to buck the national trend with strong annual price growth. Prairie markets also remained comparatively resilient, with Saskatoon (+4%), Regina (+3%) and Winnipeg (+4%) posting annual gains, although growth has moderated from last year. Townhomes (-8%) and condos (-6%) were the weakest property types nationally, followed by semi-detached homes (-4%) and detached homes (-3%). Of 19 markets identified as particularly sensitive to U.S. tariffs, 12 are now experiencing annual home-price declines, compared with price growth across all 19 at the beginning of 2025. Previous House Price Index Reports Economic Uncertainty Erodes Canadian Home Prices view report Canadian Home Prices Drop 4% to Cap Off the Spring Market view report Prices Are Now Slipping in Most Major Canadian Housing Markets view report 6 of 13 Major Canadian Housing Markets See Prices Drop 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
