10/08/2026
Canada Home Prices Hit Their Lowest Since 2023 | Buy and Sell with Mitzy - Real Estate Dreams made a Reality
We're seeing the national home price index for Canada's 11 largest cities dip to its lowest point since early Q2 2023—down about 4% from the late 2025 peak less than a year ago. After a brief rebound earlier in the year, prices slipped again by roughly 0.5%, marking the first meaningful pullback in six months despite earlier support from employment and affordability. Year-over-year, national losses have deepened to about 4%, with Vancouver, Hamilton, and Toronto leading the declines. Meanwhile, Quebec City, Montreal, and Winnipeg are still seeing price gains. As a broker who works with many clients in the GTA and across Ontario, I understand how these shifts can create both uncertainty and opportunity, especially for those considering downsizing or planning their next move. With higher bond yields on the horizon, new mortgage costs are set to rise, and borrowing power could be impacted just as home sales begin to slow again. Staying informed allows us to make thoughtful decisions—whether you're navigating a changing market or exploring your options for the future.