The Royal LePage 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.
According to the Royal LePage House Price Survey and Market Forecast released today, the aggregate price of a home in Canada decreased 2.0 per cent year over year to $812,900 in the first quarter of 2026. On a quarter-over-quarter basis, however, the national aggregate home price remained relatively flat, increasing just 0.7 per cent.
“In a typical spring, Canada’s housing market would already be gaining momentum, but persistently low consumer confidence remains a drag on activity – especially in our most expensive markets,” said Phil Soper, president and CEO, Royal LePage. “That hesitation is being driven by uncertainty beyond our borders. The inflationary impact of America’s war with Iran is pushing energy prices higher, with ripple effects across the broader economy, while ongoing trade negotiations ahead of the CUSMA review are adding to concerns about economic stability and job security. For many Canadians, the headlines are hard to ignore.”
Key highlights from the release include:
- In the first quarter of 2026, the national aggregate home price decreased 2.0% year over year; ticked up a modest 0.7% over Q4 2025.
- The Greater Montreal Area’s aggregate home price increased 3.3% year over year, while the greater Toronto and Vancouver markets recorded declines of 4.7% and 4.5%, respectively, in the first quarter.
- Quebec City recorded the highest year-over-year aggregate price increase (10.7%) among Canada’s major regions for the eighth consecutive quarter.
