Royal LePage Raises 2026 Home Price Forecast as Spring Momentum Builds
Royal LePage lifted its national home price forecast on stronger spring activity, but Toronto and Vancouver are still expected to see prices decline this year.
Royal LePage now expects the national aggregate home price to rise 2% year-over-year in the fourth quarter of 2026, reaching $823,344. That is up from the brokerage's prior forecast of a 1% annual gain, reflecting spring market momentum that carried into June.
The upgraded outlook varies sharply by region. Quebec City is projected to post the largest price growth in the country at 8%, followed by Greater Montreal and Winnipeg, both forecast at 5%. Halifax, Edmonton and Regina are each expected to see prices climb 4%.
Toronto and Vancouver diverge from the national trend
Not every market is rising. Royal LePage forecasts home prices in the Vancouver region will fall 3.5% and in the Toronto region will fall 2%, both compared with late 2025, even as other parts of the country saw stronger spring activity. The figures underscore how uneven Canada's housing recovery remains heading into the back half of 2026.
This is general market information, not individualized financial or investment advice.
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General news and information, not individualized financial advice. Figures reflect the publication date.