RPS-Wahi House Price Index January 2026 The January RPS House Price Index declined 2% year over year at the national level, marking a slower start to 2026. Most Recent Report Canadian Housing Market Begins 2026 Slow and Steady February 18, 2026 Outside of the Toronto and Vancouver regions, Canada’s housing market started the year on solid ground in January, says the RPS-Wahi House Price Index. Read now 2026 January Key Insights Toronto (-6%), Hamilton (-5%), Victoria (-5%) and Vancouver (-4%) posted annual price declines, with Victoria’s house prices dipping another 2% compared with the previous month. Quebec City (+14%), Regina (+11%), Montreal (+9%), and Winnipeg (+8%) were the strongest performing markets, leading the country in year-over-year growth. Relative affordability, resilient employment conditions, and favourable demographic trends continue to support demand in these centres Prairie market momentum remains positive, with Calgary (+2%) and Edmonton (+4%) cooling from earlier double-digit gains Condo prices continued to lead declines, falling 5% nationally, driven in large part by persistent weakness in Toronto and Vancouver, compared with a 1% drop in detached homes, a 3% decline for semi-detached, and a 4% dip for row/townhouses Previous House Price Index Reports Canadian Home Prices Are Now Falling for All Property Types view report National House Price Index Declines for First Time Since 2023 view report Single-Family Home Prices Soften Amid Canada’s Fall Housing Market view report Supply Imbalances and Affordability Fuel Diverging Canadian Home Price Trends 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
