Royal LePage Reports National Home Price Decline in Canada
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
Royal LePage released its third-quarter 2026 Home Price Update, showing the national aggregate home price decreased 0.8% year over year to $810,000. The national median price for a condominium dropped 1.5% to $571,900. Meanwhile, the Greater Toronto Area market recorded a year-over-year decline of 3.7% to an aggregate home price of $1,073,100.
From calgarysun.com
Why it matters
The report indicates that home sales activity has been flat across most major Canadian markets. The decline in median prices for both single-family detached homes and condominiums suggests cooling demand or shifting consumer confidence in the housing sector.
Royal LePage conducts studies on housing affordability in Lethbridge and various Canadian cities.
From calgarysun.com
Who's involved
- Royal LePageReleased the national home price trends report for Canada.
- TorontoExperienced a 3.7% year-over-year decline in aggregate home prices in the GTA market.
- FroeseIs employed as a managing broker with Royal LePage.
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The entities involved
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Royal LePage
Canadian real estate franchiser