A national index for 11 major metros slipped <0.5% MoM in the latest reading, marking eight declines in nine mo and reversing the prior uptick.
National prices sat at their weakest level since Early-Q2 2023, now ↓~4% from the Late-Q4 2025 peak reached nationally <1 yr earlier.
A rebound earlier in the year faded quickly: the adjusted measure ↓~0.5%, its first pullback in six mo after support from jobs and affordability.
Across major metros, yearly losses deepened to ~4% nationally. Vancouver, Hamilton, and Toronto led declines, while Quebec City, Montreal, and Winnipeg still posted gains.
Looking ahead, higher bond yields were expected to lift new mortgage costs, limit borrowing capacity, and pressure affordability as home sales began declining again.

Vancouver home prices have remained relatively stable despite affordability challenges and slower overall sales activity.
Limited land availability continues supporting long-term housing demand across the metropolitan region.
Buyers are benefiting from improved inventory levels and greater negotiating opportunities.
Experts anticipate modest price movement until financing conditions become more favorable.

In Late-Q3, Metro Vancouver recorded 1.7K home sales, ↓~8% yearly and 25% below the 10-yr seasonal avg., as apartments weakened activity overall.
Apartment sales ↓~19% in Late-Q3, while detached and attached homes held firmer, leaving the market clearly split across Vancouver property types overall.
New listings ↓~10% yearly to 5.9K in Late-Q3, but remained ~6% above the 10-yr avg.; active inventory reached 16.4K, still ~24% above long-term norms.
The sales-to-active listings ratio sat near 11% in Late-Q3, below the 12% level that historical Vancouver data linked to sustained price pressure.
Metro Vancouver's benchmark price was near $1.08M in Late-Q3, ↓~6% yearly and slightly MoM; cumulative small shifts left all segments ↓~3% since year-start.

Metro Vancouver logged 1.7K residential sales in Late-Q3, with the market’s softer performance centered in apartments rather than across every home category.
By property type, Metro Vancouver recorded 777 apartment sales, 575 detached sales, and 358 attached sales, showing where activity stayed strongest in Late-Q3.
Fresh supply also stayed active, with 5.9K newly listed properties entering Metro Vancouver in Late-Q3, giving buyers a broader set of options to evaluate.
Total inventory stood at 16.4K homes in Metro Vancouver, a sizable pool of available listings that supported more comparison shopping across segments.
The composite benchmark price was $1.08M, while a local economist said end-users mainly drove activity and investor demand awaited more favorable conditions.