Canada’s Condo Market Falls 6% Yearly

Canada's national home values fell 3% yearly in Mid-Q3 as trade tensions and a broader condo slide kept buyer confidence restrained across the country.
Multi-family homes saw biggest adjustment in Mid-Q3, with row and townhouse values ↓7% yearly and condo prices ↓6%, while detached and semi-detached homes were steadier.
Southern Ontario remained weakest, with Toronto and Hamilton each ↓7% yearly in Mid-Q3, while Vancouver and Victoria posted narrower 3% declines than earlier in 2026.
Calgary moved back to flat in Mid-Q3 after a slight yearly dip in Early-Q3, while Quebec City ↑11% and Montreal and Regina ↑6%.
National averages increasingly obscure local conditions, making purchase location and property type more important than ever for clients navigating Canada's fragmented housing market.