Condo correction spreads as Canada’s summer housing market sputters
Detached and semi-detached homes each fell 3% — a more contained slide that, in several markets, still translated to modest positive territory.
“Economic uncertainty helped stall the Canadian housing market’s recovery this summer, but not all markets are affected equally,” said Ryan McLaughlin, economist at RPS and Wahi.
“Some property types continue to prove more resilient than others as well.”
Southern Ontario leads the retreat
The steepest declines remained concentrated in southern Ontario, where Toronto and Hamilton each posted year-over-year price drops of 7% last month.
On the West Coast, British Columbia’s outlook improved modestly relative to earlier in 2026: Vancouver and Victoria both registered declines of 3%, a narrower contraction than the province endured through much of the first half of the year.
