RPS-Wahi House Price Index September 2026 The RPS-Wahi House Price Index declined by 3% year over year in September, continuing the pace of depreciation seen in recent months. Most Recent Report Fall Canadian Housing Market Begins With More Tariff Trouble October 13, 2026 Canadian home prices fell 3% year-over-year in September 2026, according to RPS-Wahi House Price Index, but challenges deepen for markets heavily exposed to U.S. tariffs. Read now 2026 September Key Insights The national RPS-Wahi House Price Index declined 3% year over year in September, extending the trend of annual depreciation seen throughout 2026. Fourteen of the 19 tariff-exposed markets analyzed recorded flat or declining home values, compared with price growth across all 19 markets in early 2025. Abbotsford, B.C., Barrie, Hamilton, Kitchener-Cambridge-Waterloo and Windsor recorded some of the steepest declines among tariff-exposed markets, with home values down 7% year over year. Hamilton (-7%), Toronto (-6%), Vancouver (-5%) and Victoria (-5%) continued to experience significant annual price declines, reflecting affordability pressures, economic uncertainty and excess condo inventory. Seven of the 13 major metro areas analyzed recorded flat or rising home values, led by Quebec City (+10%), Regina (+7%) and Montreal (+6%). Row/townhouse values (-7%) and condos (-6%) remained the weakest property types nationally, compared with more modest declines of 2% for both detached and semi-detached homes. Condo-market weakness has extended beyond Ontario and B.C., with multi-family demand also softening in Calgary and Montreal. Previous House Price Index Reports Fall Canadian Housing Market Begins With More Tariff Trouble view report Canadian Home Prices Slip 3% in July as Tariff-Exposed Markets Are Hit Harder view report Economic Uncertainty Erodes Canadian Home Prices view report Canadian Home Prices Drop 4% to Cap Off the Spring Market 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
