Northern Home Prices Keep Rising Despite Sharply Different Sales Trends

Northern home prices keep rising despite sharply different sales trends

Sales rebounded in Whitehorse and Yellowknife but declined further in Iqaluit, as limited supply kept upward pressure on prices across all three markets.

Does your experience of housing in Yellowknife sound like this?

Released on Wednesday, CMHC's 2026 Northern Housing Report noted the Northwest Territories' real gross domestic product shrank by two per cent in 2025 as a result of changes to the mining industry in the territory and the dwindling price of…

New housing in Iqaluit not keeping up with demand, report finds

Housing in Nunavut is getting more unaffordable, and this problem is especially bad for Inuit, finds a report released Wednesday by the Canada Mortgage and Housing Corp. The report explores housing conditions in Iqaluit, Yellowknife and Whitehorse, including trends in supply and demand, as well as affordability and the role of public housing. CMHC compared data collected in 2025 to those in its last northern housing report, released in 2021. Iqa…

New report finds one in five Yellowknifers couldn't afford rent; housing market remained bleak in 2025 - Yellowknifer

Yellowknife’s housing market remained unaffordable in 2025 for many to buy or rent, according to a new report by the Canada Mortgage and Housing Corporation (CMHC). A federal Crown corporation, the CMHC released its annual Northern Housing Report on July 29, outlining conditions in all three territorial capitals. In Yellowknife, the report found that rent, homebuying prices, mortgage rates and construction costs went up, while vacancy rates, new…