Canada’s housing market gains momentum in second quarter, says Royal LePage
The recovery was uneven across the country however
By Shantaé Campbell
Published July 14, 2026
Canada’s housing market gained momentum in the second quarter of the year, with activity picking up in May and June, according to Royal LePage’s latest housing survey.
The survey, which provides realtor insights on 65 of the country’s largest real estate markets, said the aggregate home price fell 1.4 per cent from the same quarter a year ago to $814,900. Quarter over quarter, prices edged up 0.2 per cent.
“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,” Phil Soper, chief executive of Royal LePage, said.
The recovery, however, was uneven across the country. The Greater Toronto Area (GTA) recorded a 4.6 per cent year over year decline in aggregate home prices in the quarter, while Greater Vancouver prices dropped 4.5 per cent.
Quebec City remained one of the county’s strongest markets, with prices rising 6.1 per cent from a year earlier, though they fell two per cent from the January to March prices, marking the region’s first quarterly decline in over three years.
GTA prices rose 0.9 per cent on a quarterly basis. The recovery, however, was uneven across the country. The Greater Toronto Area (GTA) recorded a 4.6 per cent year over year decline in aggregate home prices in the quarter, while Greater Vancouver prices dropped 4.5 per cent Quebec City remained one of the county’s strongest markets, with prices rising 6.1 per cent from a year earlier, though they fell two per cent from the January to March prices, marking the region’s first quarterly decline in over three years.
GTA prices rose 0.9 per cent on a quarterly basis. “While the (GTA) remains in a buyers’ market, momentum began shifting toward balanced conditions in the second quarter, in line with our expectations for a gradual recovery,” Shawn Zigelstein, broker and leader of Team Zold at Royal LePage Signature Realty, said in a press release. “That said, economic uncertainty and geopolitical tensions continue to weigh on consumer confidence, keeping many would-be buyers on the sidelines. Meanwhile, sellers are listing only when they absolutely have to, which is contributing to shrinking supply levels.
Royal LePage forecasts the aggregate home price will increase two per cent in the fourth quarter compared to a year ago. But it expects the GTA to remain an outlier, with prices forecast to decline two per cent year over year by year-end. Vancouver’s prices are expected to fall 3.5 per cent over the same period.
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