REGINA — Regina continues to stand out as one of Canada’s stronger housing markets, even as national home prices recorded their first year-over-year decline since mid-2023, according to new data released by Real Property Solutions (RPS) and real estate platform Wahi.
The November 2025 RPS-Wahi House Price Index shows national home prices were down one per cent compared to a year earlier, ending several months of flat annual readings. The decline reflects ongoing softness across most property types, led by the condominium market.
Despite the national cooling, Regina posted a seven per cent year-over-year price increase, placing it among the country’s strongest-performing major markets. Only Quebec City, up 12 per cent, Winnipeg at 10 per cent, and Montreal at eight per cent posted higher gains.
The report notes that relative affordability, stable economic conditions and population growth are driving demand in Prairie cities like Regina and Winnipeg, even as larger markets struggle with higher borrowing costs and stretched affordability.
“While we’ve seen increased downward pressure on single-family home prices nationally, across most of Canada’s largest urban centres, pricing for these housing types remains up or roughly flat relative to last year,” said RPS-Wahi economist Ryan McLaughlin.
Regina and Winnipeg have now overtaken Edmonton, which saw prices rise five per cent, and Calgary, where growth slowed to two per cent as Alberta’s previously rapid gains continue to cool.
Nationally, detached home prices were flat year over year, while row and townhouses declined one per cent. Semi-detached homes dipped two per cent, and condo values fell six per cent.
Major urban centres such as Toronto, Vancouver and Hamilton all recorded annual price declines.
RPS and Wahi say differences in affordability and housing supply are increasingly shaping price movements across the country as Canada heads into 2026.
