The Royal LePage Q2 2026 Home Price Update and Market Forecast, published each quarter, includes price data and insights for 65 real estate markets across the country, as well as national and regional forecasts.

“After a sluggish first quarter, the spring housing market finally got rolling in May. Several regions are now seeing that uptick in momentum carry into summer, as buyers who held back earlier in the year re-enter the market,” said Phil Soper, president and CEO, Royal LePage. “In many cases, what has kept consumers on the sidelines is not a lack of interest, but a lack of urgency. In markets where inventory levels remain elevated, homebuyers have the luxury of time, browsing at their own pace until the right property comes along. That measured approach is reinforced by a persistent backdrop of economic uncertainty, which continues to shape how and when many Canadians decide to move.”

Key highlights from the release include:

• In the second quarter of 2026, the national aggregate home price decreased 1.4% year over year; increased just 0.2% compared to the first quarter.
• The Greater Toronto and Vancouver markets recorded year over year declines of 4.6% and 4.5%, respectively, in Q2. On a quarterly basis, however, prices showed signs of stabilization. 
• Quebec City’s record performance begins to cool; region posts quarter-over-quarter price decline for the first time in more than three years. 
• Final remnants of ultra-low, pandemic-era mortgages will come up for renewal by the end of 2027.