Housing market / Alberta, BC & Ontario
September house prices: Edmonton slips monthly, stays up yearly
The new Teranet–National Bank index shows different paths across Edmonton, Calgary, Vancouver and Toronto. How to read the local figures.
At a glance
Edmonton’s September house-price index was slightly lower than August but higher than a year earlier. Vancouver and Toronto remained below their year-earlier levels.
The regional picture
Teranet–National Bank released its September report on October 20. Its table gives these changes, with monthly figures seasonally adjusted and annual figures comparing September 2026 with September 2025:
- Edmonton: down 0.10% over the month; up 1.40% over the year.
- Calgary: up 0.03% over the month; down 1.02% over the year.
- Vancouver: up 0.60% over the month; down 5.58% over the year.
- Toronto: down 0.25% over the month; down 6.02% over the year.
The 11-city composite rose 0.15% monthly after seasonal adjustment and fell 3.50% annually. Before seasonal adjustment, its monthly decline was 1.41%. Figures here retain the report table’s two-decimal precision.
Read the comparison before the headline
A monthly increase and an annual decline can happen together: the two comparisons start at different points. Seasonal adjustment also changes the comparison by accounting for recurring patterns during the year. Keep the location, time period and adjustment consistent when comparing reports.
The index uses repeat sales, tracking properties that have sold at least twice. Its methodology filters transactions that may not provide a comparable measure, including certain changes to the property and non-arm’s-length sales. It measures price movement rather than providing a dollar valuation for the home you are considering.
Our reading for buyers moving between Alberta, BC and Ontario is to keep each market separate. A city index cannot establish the value of a particular neighbourhood or property. The composite is a weighted measure of 11 metropolitan areas, so it should not be applied to every Canadian community.
Connect market context to the property
For a financing discussion, bring the specific property and proposed purchase price to your broker. FCAC explains that the approved mortgage amount depends on the property’s value and your down payment, and that a pre-approval does not guarantee final approval. Ask what property checks remain and how your cash budget accounts for closing costs.
Our pre-approval page can help prepare that conversation. The earlier September home-sales briefing covers CREA’s separate release. Keep each publisher’s measure identified; this report adds a repeat-sales view, not a forecast of your purchase price or mortgage rate.
Sources & verification
- Teranet–National Bank — September 2026 house-price report
Released October 20. City and composite figures checked against the table’s monthly, seasonally adjusted monthly and annual columns. Accessed October 20, 2026.
- Teranet–National Bank — Index methodology
Background on repeat sales, comparable-property assumptions and transaction filters. Accessed October 20, 2026.
- FCAC — Getting preapproved for a mortgage
Background on conditional pre-approval, property value, down payments and closing costs; not a new lending rule. Accessed October 20, 2026.
This AI-assisted briefing summarizes public sources and provides general context. It is not a personalized mortgage recommendation or a lender quote. Editorial policy · Report an error.