In April, the Canadian Real Estate Association reported a decrease in home sales compared to the previous year alongside an increase in average sale prices.
Home sales for April totaled 42,927, representing a four percent decline from 44,698 in April 2025.
On a seasonally adjusted basis, home sales in April saw a slight 0.7 percent uptick compared to March of the same year.
Shaun Cathcart, CREA’s senior economist, noted that due to global economic uncertainties and higher mortgage rates, the expected housing market rebound for this year may remain subdued, but some upward momentum is still anticipated.
Cathcart mentioned in a press release that the small increase in home sales from March to April was due to a slow start in the month, leading to a more robust activity in May, with decreasing days on the market and stabilizing prices.
Despite the increase in activity, sales still lag about 10 percent below the typical levels for April, according to BMO chief economist Douglas Porter.
Porter emphasized that the current housing market conditions do not indicate a significant spring rebound.
New data on Canadian home sales shows that average prices dropped in April for the 17th month in a row, with dips in B.C., Alberta and Ontario pulling the average down for the whole country.
The national average sale price of a home in April stood at $695,412, marking a 2.2 percent increase year-over-year.
However, CREA’s home price index, reflecting typical home sales, slightly decreased by 0.1 percent between March and April and was down 4.2 percent compared to the previous year.
April saw a 4.1 percent increase in new listings compared to the previous month, signaling the start of the spring real estate market tradition.
At the end of April, there were 187,647 properties listed for sale across Canada, up by 2.2 percent from the previous year but still 6.1 percent below the long-term average for that period.