RPS-Wahi House Price Index March 2026 The national index declined 3% year over year, a steeper drop compared to the 2% declines observed in January and February. Most Recent Report 6 of 13 Major Canadian Housing Markets See Prices Drop in March April 13, 2026 Nearly half of Canada’s major housing markets are seeing downward price adjustments, though the country’s housing market is largely performing a rebalancing act. Read now 2026 March Key Insights Six of 13 major markets are now in negative territory, with Halifax (-2%) newly joining Ottawa (-3%), Hamilton (-8%), Toronto (-7%), Vancouver (-5%) and Victoria (-9%). The national index declined 3% year over year, a steeper drop compared to the 2% declines observed in January and February. Previously strong markets such as Edmonton (+1%), Calgary (+1%), Saskatoon (+2%) and Regina (+2%) are seeing price growth moderate as conditions rebalance. Markets in Quebec, particularly Montreal (+9%) and Quebec City (+12%), continue to outperform, widening the gap with other regions. Condo values (-6%) were depreciating far more rapidly than any other housing type. Now, they have been surpassed by townhouse declines (-7%), while year-over-year price reductions for semi-detached (-4%) have also accelerated. Detached home values (-3%) have also declined on an annual basis, but continue to hold up better than other housing types. Previous House Price Index Reports Home Prices are Now Down in 5 Major Canadian Cities view report Canadian Housing Market Begins 2026 Slow and Steady view report Canadian Home Prices Are Now Falling for All Property Types view report National House Price Index Declines for First Time Since 2023 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
