Royal LePage has released its Q2 2026 House Price Survey and Market Forecast, providing home price data and market insights for 65 real estate markets across Canada, along with national and regional forecasts for the remainder of the year.

After a slow start caused by a prolonged winter and continued economic uncertainty, Canada’s housing market began to regain momentum in May, with that improvement carrying into June. Some buyers who had been waiting on the sidelines returned to the market, encouraged by stable borrowing costs and a good selection of homes for sale.

Activity in many regions remains below normal seasonal levels. With more inventory available, buyers generally have time to compare properties and wait for the right opportunity rather than feeling pressured to act quickly. Concerns about the economy, employment and trade negotiations are also continuing to affect consumer confidence.

Canadian Home Prices

The aggregate price of a home in Canada decreased 1.4% year over year to $814,900 in the second quarter of 2026. Compared with the first quarter, the national aggregate price increased slightly by 0.2%.

Broken down by property type:

• The median price of a single-family detached home decreased 0.9% year over year to $862,400.

• The median condominium price decreased 2.9% to $574,800.

Royal LePage is forecasting that the national aggregate home price will increase 2% year over year in the fourth quarter of 2026. While conditions differ considerably across the country, the improvement in late-spring activity has created a more positive outlook for the second half of the year.

Greater Vancouver Housing Market

Greater Vancouver recorded a larger annual price decline than the national market. The aggregate price of a home decreased 4.5% year over year to $1,164,100 in the second quarter of 2026. On a quarterly basis, the aggregate price declined by a more modest 0.9%.

By property type:

• The median price of a single-family detached home decreased 5.2% year over year to $1,649,200.

• The median condominium price decreased 5.1% to $721,000.

In the City of Vancouver, the aggregate price of a home decreased 5% year over year to $1,340,800. The median detached home price declined 5.7% to $2,128,000, while the median condominium price decreased 7.9% to $748,100.

Although Greater Vancouver activity remains below typical seasonal levels, sales improved consistently throughout the second quarter. June sales were approximately 10% higher than during the same month last year.

Buyers remain cautious and well informed. They are prepared to act and may still compete when a home is well presented and competitively priced. However, this demand is not being felt equally across every property type. The new condominium and apartment markets remain particularly slow, with buyers continuing to exercise caution.

Pricing remains one of the most important factors in the current Greater Vancouver market. Homes offering clear value can attract strong interest, while overpriced properties are often being overlooked.

Greater Vancouver Market Forecast

Royal LePage expects activity to remain relatively steady through July and August, which are traditionally slower months. However, buyers and sellers who postponed their plans earlier in the year could contribute to a more active fall market.

The aggregate price of a Greater Vancouver home is forecast to finish the fourth quarter of 2026 approximately 3.5% below the same period in 2025.

For buyers, the current market offers more selection, time to complete proper due diligence and greater negotiating power. For sellers, presenting the home properly and establishing a price that reflects current market conditions will remain essential.

Read the full Royal LePage Q2 2026 House Price Survey and Market Forecast.