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Royal LePage Raises Canada's Q4 Home Price Growth Forecast to 2%

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Canada's housing market is seen rising more than previously expected in the last quarter of 2026 as price gains in markets where demand continues to outpace supply, according to a Royal LePage survey published Tuesday.

Royal LePage predicts Canadian home prices will rise 2.0% annually in the fourth quarter of the year, reflecting an upgrade from its previous 1.0% forecast given in April.

Quebec City is projected to record the strongest home price growth, with values expected to increase 8% annually in the fourth quarter, according to the forecast. The Greater Montreal Area and Winnipeg follow with estimated gains of 5%, while Halifax, Edmonton, and Regina are each expected to see prices rise 4%.

Home prices in the Greater Vancouver and Greater Toronto Areas are projected to decline by 3.5% and 2.0%, respectively.

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