{"id":315193,"date":"2026-03-16T10:08:52","date_gmt":"2026-03-16T14:08:52","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=315193"},"modified":"2026-03-16T13:34:01","modified_gmt":"2026-03-16T17:34:01","slug":"canadian-housing-market-begins-2026-slow-and-steady-2","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/rps-wahi-house-price-index-february-2026\/","title":{"rendered":"Home Prices are Now Down in 5 Major Canadian Cities"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||3px|||&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; 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url_new_window=&#8221;on&#8221;]twitter[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;linkedin&#8221; url=&#8221;https:\/\/www.linkedin.com\/company\/wahi-inc\/&#8221; icon_color=&#8221;#BC4E40&#8243; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;RGBA(255,255,255,0)&#8221; background_enable_color=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]linkedin[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;instagram&#8221; url=&#8221;https:\/\/www.instagram.com\/wahi.inc\/&#8221; icon_color=&#8221;#BC4E40&#8243; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;RGBA(255,255,255,0)&#8221; background_enable_color=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]instagram[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=&#8221;facebook&#8221; url=&#8221;https:\/\/www.facebook.com\/wahiinc\/&#8221; icon_color=&#8221;#BC4E40&#8243; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;RGBA(255,255,255,0)&#8221; background_enable_color=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; follow_button=&#8221;off&#8221; url_new_window=&#8221;on&#8221;]facebook[\/et_pb_social_media_follow_network][\/et_pb_social_media_follow][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;15px||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|desktop&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400;\">Ottawa has become the fifth major Canadian housing market to see home prices decline on a year-over-year basis, according to the latest reading of the RPS-Wahi House Price Index. <\/span><\/p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; custom_margin=&#8221;||11px|||&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<p>By <a href=\"https:\/\/wahi.com\/ca\/en\/author\/josh-shermanwahi-com\">Josh Sherman<\/a><span style=\"font-weight: 400\">\u00a0<\/span>| 4 minute read<\/p>[\/et_pb_text][et_pb_post_title title=&#8221;off&#8221; author=&#8221;off&#8221; categories=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||26px|||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||3px|||&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;0px||9px|||&#8221; global_colors_info=&#8221;{}&#8221; width__hover_enabled=&#8221;off|desktop&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@&#8221; align=&#8221;center&#8221; force_fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.27.4&#8243; _dynamic_attributes=&#8221;src&#8221; _module_preset=&#8221;default&#8221; custom_margin=&#8221;1px||29px|||&#8221; border_radii=&#8221;on|32px|32px|32px|32px&#8221; border_radii_tablet=&#8221;on|32px|32px|32px|32px&#8221; border_radii_phone=&#8221;on|0px|0px|0px|0px&#8221; border_radii_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;1.13rem&#8221; text_line_height=&#8221;1.75rem&#8221; custom_margin=&#8221;-18px||2px|||&#8221; custom_padding=&#8221;||7px||false|true&#8221; custom_padding_tablet=&#8221;||7px||false|true&#8221; custom_padding_phone=&#8221;|15px|7px|15px|false|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; text_font_size_tablet=&#8221;1.13rem&#8221; text_font_size_phone=&#8221;0.9rem&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400\">The RPS-Wahi House Price Index, created by Real Property Solutions and presented by Wahi, is a trusted indicator of Canadian home price trends.<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;32px||23px|||&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;11px||14px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; 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content_phone=&#8221;<iframe title=%22Canadian Home Price Trends: RPS House Price Index%22 aria-label=%22Line chart%22 id=%22datawrapper-chart-3xEfR%22 src=%22https:\/\/datawrapper.dwcdn.net\/3xEfR\/1\/%22 scrolling=%22no%22 frameborder=%220%22 style=%22width: 0; min-width: 100% !important; border: none;%22 height=%22550%22 data-external=%221%22><\/iframe>\n<script type=%22text\/javascript%22>window.addEventListener(%22message%22,function(a){if(void 0!==a.data%91%22datawrapper-height%22%93){var e=document.querySelectorAll(%22iframe%22);for(var t in a.data%91%22datawrapper-height%22%93)for(var r,i=0;r=e%91i%93;i++)if(r.contentWindow===a.source){var d=a.data%91%22datawrapper-height%22%93%91t%93+%22px%22;r.style.height=d}}});<\/script>&#8221; content_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; 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_module_preset=&#8221;default&#8221; custom_padding=&#8221;11px||14px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; hover_enabled=&#8221;0&#8243; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<p><span style=\"font-weight: 400;\">In February, the national RPS-Wahi House Price Index \u2014 which is based on the latest monthly actual home values in 1,000 towns and cities across the country \u2014 once again fell by 2% on a year-over-year basis. The annual price decline matches what was observed in January, but with a notable difference in the data: five cities are now in negative territory. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Ottawa has become the first major Canadian housing market outside of B.C. or the Greater Toronto and Hamilton Area to see home values fall on a year-over-year basis. In the first half of 2025, prices began to fall in the Hamilton, Toronto, and Vancouver markets, with <\/span><a href=\"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/rps-wahi-house-price-index-november-2025\/\"><span style=\"font-weight: 400;\">Victoria joining the fray<\/span><\/a><span style=\"font-weight: 400;\"> this past November. Now, Ottawa home prices are following suit. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Ottawa home prices inched downwards annually by 1% in February. September of 2023 was the last time that prices declined in five or more of the 13 major metro areas that are analyzed in addition to the national RPS-Wahi House Price Index.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\u201cPrice drops may grab headlines, but these declines potentially overshadow the fact that home prices remain up relative to where they stood a year ago in a majority of Canada\u2019s major housing markets,\u201d notes Wahi Economist Ryan McLaughlin. \u201cNot only that, but several markets in Quebec and the prairies continue to show strong price growth,\u201d he continues. <\/span><\/p>[\/et_pb_text][et_pb_text content_tablet=&#8221;<p><iframe title=%22Year-Over-Year Canadian Home Price Changes by Property Type: RPS-Wahi House Price Index (October 2025)%22 aria-label=%22Column Chart%22 id=%22datawrapper-chart-BZUMc%22 src=%22https:\/\/datawrapper.dwcdn.net\/BZUMc\/1\/%22 scrolling=%22no%22 frameborder=%220%22 style=%22width: 0; min-width: 100% !important; border: none;%22 height=%22371%22 data-external=%221%22><\/iframe><br \/>\n<script type=%22text\/javascript%22>window.addEventListener(%22message%22,function(a){if(void 0!==a.data%91%22datawrapper-height%22%93){var e=document.querySelectorAll(%22iframe%22);for(var t in a.data%91%22datawrapper-height%22%93)for(var r,i=0;r=e%91i%93;i++)if(r.contentWindow===a.source){var d=a.data%91%22datawrapper-height%22%93%91t%93+%22px%22;r.style.height=d}}});<\/script>\n<\/p>&#8221; content_phone=&#8221;<iframe title=%22Year-Over-Year Canadian Home Price Changes by Property Type: RPS-Wahi House Price Index (October 2025)%22 aria-label=%22Column Chart%22 id=%22datawrapper-chart-BZUMc%22 src=%22https:\/\/datawrapper.dwcdn.net\/BZUMc\/1\/%22 scrolling=%22no%22 frameborder=%220%22 style=%22width: 0; min-width: 100% !important; border: none;%22 height=%22500%22 data-external=%221%22><\/iframe>\n<script type=%22text\/javascript%22>window.addEventListener(%22message%22,function(a){if(void 0!==a.data%91%22datawrapper-height%22%93){var e=document.querySelectorAll(%22iframe%22);for(var t in a.data%91%22datawrapper-height%22%93)for(var r,i=0;r=e%91i%93;i++)if(r.contentWindow===a.source){var d=a.data%91%22datawrapper-height%22%93%91t%93+%22px%22;r.style.height=d}}});<\/script>&#8221; content_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; hover_enabled=&#8221;0&#8243; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<iframe title=\"Prices Climb in 9 Canadian Cities (February 2026)\" aria-label=\"Column Chart\" id=\"datawrapper-chart-7DAoR\" data-src=\"https:\/\/datawrapper.dwcdn.net\/7DAoR\/3\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"573\" data-external=\"1\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite Ottawa\u2019s recent decline, the market has been generally <a href=\"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/most-stable-canadian-housing-markets\/\">characterized by stability in recent months<\/a>. The local real estate board suggests the market is less prone to the more pronounced swings that have deifned real estate cycles in the GTHA and B.C.\u2019s Lower Mainland.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>The Ottawa market benefits from more stable employment thanks to a strong public-sector presence. Meanwhile, a larger share of buyers are end-users seeking single-family homes versus condo investment. The latter can spark greater volatility.<\/p>\n<p>&nbsp;<\/p>\n<p>Although Ottawa has some exposure to the ebbs and flows of condo investment (about <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/241003\/cg-a004-png-eng.htm\" target=\"_blank\" rel=\"noopener\">34% of the city\u2019s condo apartments<\/a> are investment properties, compared to 38% in Toronto), it accounts for a considerably smaller share of the overall housing stock. Less than <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/220921\/g-b002-eng.htm\" target=\"_blank\" rel=\"noopener\">15% of Ottawa\u2019s housing stock<\/a> is condos, compared to about 25% of Toronto\u2019s dwellings. \u00a0<\/p>\n<p>&nbsp;<\/p>\n<h2><b>Condo Prices Continue to Weigh on the RPS-Wahi House Price Index\u00a0\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-size: 21px;\"><span style=\"font-weight: 400;\"><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Markets with a higher concentration of condos, such as those in the Lower Mainland and GTHA, have experienced more downward pressure on prices over the past year.<\/span><\/p>\n<p><span style=\"font-size: 21px;\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/p>[\/et_pb_text][et_pb_text content_tablet=&#8221;<p><iframe title=%22Prices Climb in 10 Canadian Cities (October 2025)%22 aria-label=%22Column Chart%22 id=%22datawrapper-chart-UjB20%22 src=%22https:\/\/datawrapper.dwcdn.net\/UjB20\/1\/%22 scrolling=%22no%22 frameborder=%220%22 style=%22width: 0; min-width: 100% !important; border: none;%22 height=%22553%22 data-external=%221%22><\/iframe><br \/>\n<script type=%22text\/javascript%22>window.addEventListener(%22message%22,function(a){if(void 0!==a.data%91%22datawrapper-height%22%93){var e=document.querySelectorAll(%22iframe%22);for(var t in a.data%91%22datawrapper-height%22%93)for(var r,i=0;r=e%91i%93;i++)if(r.contentWindow===a.source){var d=a.data%91%22datawrapper-height%22%93%91t%93+%22px%22;r.style.height=d}}});<\/script>\n<\/p>&#8221; content_phone=&#8221;<iframe title=%22Prices Climb in 9 Canadian Cities (January 2026)%22 aria-label=%22Column Chart%22 id=%22datawrapper-chart-gnlhR%22 src=%22https:\/\/datawrapper.dwcdn.net\/gnlhR\/1\/%22 scrolling=%22no%22 frameborder=%220%22 style=%22width: 0; min-width: 100% !important; border: none;%22 height=%22594%22 data-external=%221%22><\/iframe><script type=%22text\/javascript%22>window.addEventListener(%22message%22,function(a){if(void 0!==a.data%91%22datawrapper-height%22%93){var e=document.querySelectorAll(%22iframe%22);for(var t in a.data%91%22datawrapper-height%22%93)for(var r,i=0;r=e%91i%93;i++)if(r.contentWindow===a.source){var d=a.data%91%22datawrapper-height%22%93%91t%93+%22px%22;r.style.height=d}}});<\/script>&#8221; content_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; hover_enabled=&#8221;0&#8243; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<iframe title=\"Year-Over-Year Canadian Home Price Changes by Property Type: RPS-Wahi House Price Index (February 2026)\" aria-label=\"Column Chart\" id=\"datawrapper-chart-gDI4a\" data-src=\"https:\/\/datawrapper.dwcdn.net\/gDI4a\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"346\" data-external=\"1\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;36px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400;\">Broken down by property type, annualized price declines for condos remained at 5% in February. The rate of year-over-year depreciation for condos has held steady since late 2025. Last month, condo apartments were joined by row\/townhouses, which also posted a 5% drop. Unsurprisingly, these denser housing types showed more softness than detached and semi-detached properties, which were down 2% and 3%, respectively. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;29px||0px|||&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||4px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.6em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; text_font_size_tablet=&#8221;21px&#8221; text_font_size_phone=&#8221;16px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;29px&#8221; header_2_font_size_phone=&#8221;19px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<h2><b>About the RPS-Wahi House Price Index (HPI)<\/b><\/h2>\n<p><span style=\"font-weight: 400\">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. For more information, the <a href=\"https:\/\/www.rpsrealsolutions.com\/wp-content\/uploads\/2024\/02\/RPS_HPI_Methodology_202401_Web-1.pdf\" target=\"_blank\" rel=\"noopener\">complete methodology<\/a> is available.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><em><b>Long-Term Price Trends<\/b><\/em><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.rpsrealsolutions.com\/house-price-index\/\" target=\"_blank\" rel=\"noopener\">RPS-Wahi House Price Index<\/a> is based on the latest monthly actual home values in 1,000 towns and cities across the country.<\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">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. <\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">The HPI does not indicate the actual price of a property. It demonstrates how prices have moved relative to the base period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/><\/span><em><b>Market Momentum<\/b><\/em><\/p>\n<p><span style=\"font-weight: 400\"><br \/>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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>\n<p>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. All figures are rounded to the nearest whole number.<span style=\"font-weight: 400\"><\/span><span style=\"font-weight: 400\"><\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>\n<p><em><\/em><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||4px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;33px||33px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Josh Sherman&#8221; url=&#8221;https:\/\/wahi.com\/ca\/en\/author\/josh-shermanwahi-com\/&#8221; image=&#8221;https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Screen-Shot-2022-11-02-at-7.46.57-PM.png&#8221; icon_placement=&#8221;left&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;24px&#8221; header_line_height=&#8221;1.2em&#8221; body_text_color=&#8221;#686E6E&#8221; body_line_height=&#8221;0em&#8221; width=&#8221;550px&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|phone&#8221; module_alignment=&#8221;left&#8221; custom_padding=&#8221;2px||13px|||&#8221; header_font_size_tablet=&#8221;24px&#8221; header_font_size_phone=&#8221;20px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_line_height_tablet=&#8221;1.2em&#8221; header_line_height_phone=&#8221;1.4em&#8221; header_line_height_last_edited=&#8221;on|phone&#8221; custom_css_blurb_image=&#8221;width:64px;&#8221; global_colors_info=&#8221;{}&#8221;]<p>Wahi Writer<\/p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; 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