Here’s how much home prices have changed in 20 years in Ontario and Canada

A new index shows how real estate prices have fluctuated in Canada in the last 20 years.

Real estate platform Wahi and Real Property Solutions, a property valuation services company,  just released a new home price index.

The index shows home prices rose by three per cent year-over-year in March in Canada—a small retreat compared to February, when the index was up four per cent annually. But in Toronto prices remained flat and dipped in Vancouver.

The index shows how home prices have mainly increased over a 20-year period aside from a drop in 2017 and in 2022 when there was a sharp decline.

Some home types are doing better than others.

Single-family detached homes led the market with a five per cent year-over-year price increase, the index found.

“Homebuyers have demonstrated a strong preference for single-family homes, as the results of Wahi’s 2024 Great Canadian Dream Home and 2025 What Homeseekers Want  Surveys confirm,” said Benjy Katchen, president and CEO of Real Property Solutions and Wahi. “General buyer preferences, coupled with a limited supply, support greater resiliency in single-family home prices.”

Semi-detached and row/townhouses increased by two and three per cent, respectively. Condos and apartments dropped by five per cent.

Regionally, Quebec City posted the strongest performance, with a 16 per cent annual increase, followed by Montreal and Saskatoon (nine per cent each). In contrast, Toronto and Vancouver saw flat or declining prices, (zero and minus one per cent, respectively).

The price index data covers more than one thousand cities and towns across Canada.

See the full Real Property Solutions-Wahi House Price Index report here.