RPS-Wahi House Price Index August 2025 At the national level the RPS-Wahi House Price Index showed little change in August, but there were stark regional differences across Canada’s major markets. Most Recent Report Canadian Housing Market Holds Steady this Summer with Notable Exceptions Sept 15, 2025 At the national level the RPS-Wahi House Price Index showed little change in August, but there were stark regional differences across Canada’s major markets. Read now 2025 August Key Insights National trends: detached home prices were up 1% year-over-year, while row/townhouse prices were flat. Semi-detached home prices registered a 1% decline, and condo prices dropped 6% compared to the previous August. Quebec City leads gains: The index rose 12% annually, driven by an intensifying undersupply issue in the area, according to local REALTORS®. Winnipeg & Regina: Sustained strength with Winnipeg prices up 10% and Regina up 8% year-over-year in August, fueled by strong population growth and supply pressures, with Regina’s lower benchmark price offering added upside potential. Toronto, Hamilton & Vancouver: The only major markets with price declines, each down 4% year-over-year, with condo oversupply weighing on Toronto and Vancouver, and Hamilton facing potential added pressure from its exposure to steel tariffs. Previous House Price Index Reports Canadian Housing Market Holds Steady this Summer with Notable Exceptions view report 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 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
