Twelve of the 27 metropolitan areas surveyed posted price drops, while prices were flat in 10 and rose in just five. The largest declines were in Greater Sudbury (-0.9%) and Calgary (-0.8%), where builders cited softer demand and increased buyer negotiation.
Charlottetown led gains with a 1.4% increase, followed by Victoria at 0.7%.
On a year-to-date basis, the index is down 0.8%, with the steepest declines in London (-2.3%) and Edmonton (-1.9%).
StatCan attributes London’s decline in part to ongoing economic uncertainty, including cross-border tariff tensions and elevated unemployment, which reached 7.2% in June compared to the national unemployment rate of 6.9%.
At the other end of the spectrum, Halifax (+4.6%) and Quebec (+3.9%) posted the largest price increases so far this year. StatCan cited rising construction costs and tight supply in both markets, including a nearly 40% drop in unsold inventory in Québec.
Visited 118 times, 118 visit(s) today
August home prices Dashboard Editor’s pick new home prices statcan inflation statistics canada
Last modified: July 23, 2025