Story perspectives
Canada's Housing Market: Declines in Toronto, Gains in Quebec City
1/19/2026
47 8
1 of 1
Story summary
- Canada’s national housing values fell 1% in December 2025.
- Quebec City saw a 12% price increase due to supply shortages and affordable prices.
- Toronto experienced a 6% decline due to reduced immigration and falling rents.
- Regina's market grew 10% due to low supply, with experts predicting softness in Saskatchewan similar to Alberta.
- The Canadian Real Estate Association (CREA) forecasts a 4.5% price drop for Toronto in 2026.
