10 cities where home prices climbed in Canada

Housing prices have been on a downward trend but there are some cities that have seen price increases in Canada.

Across Canada, the monthly home price index for April 2025 increased by two per cent on a year-over-year basis, according to the latest monthly report from real estate platform Wahi and Real Property Solutions, a property valuation service.

This increase fell short of the three per cent annual increase recorded in March and the four per cent rise in February and represents a second consecutive month of moderating price growth, the report stated.

Prices declined in many Greater Toronto Area communities last month including Mississauga where average home prices dropped below $1 million.

The report notes home prices in Hamilton, Toronto and Vancouver declined relative to the same time last year while 10 other cities saw prices go up.

Quebec City remained head and shoulders above the other major metro areas with home values 15 per cent higher than a year ago, the report noted.

“Insufficient supply and relative affordability have put upward pressure on home values in Quebec’s second-largest metro area after Montreal,” the report reads.

Single-family home values were once again behind the year-over-year increase to the national index, the report found. In April, detached home values climbed by four per cent, while row/townhouse values edged upwards by two per cent.

Semi-detached home prices were flat.

Condo/apartment values, which began tumbling in October 2024, declined by six per cent on a year-over-year basis in April across Canada. This is the largest 12-month drop for condo values since June of 2023.

The federal election, U.S. trade war and economy are likely behind the sagging market.

“Uncertainties, both at home and abroad, have clearly been weighing on Canadian homebuyers,” says RPS-Wahi president and CEO Benjy Katchen. “The ongoing trade conflict with the U.S. remains a threat to the Canadian economy, and some homebuyers have clearly hit pause on moving plans.”

See the full report here.

Lead photo of Quebec City: Sim Sam