"Home sales in April totalled 42,927, down four per cent from 44,698 in April 2025. Home sales in April edged up 0.7 per cent on a seasonally adjusted basis compared with March this year. Shaun Cathcart, CREA's senior economist, said the latest bout of global economic uncertainty and higher mortgage rates mean the previously expected rebound in housing markets this year will continue to be muted, but it does not mean there will be no upward momentum at all."
""While home sales were up only modestly from March to April, the small increase reflected a slow start to the month with a stronger handoff into May, alongside falling days on market and stabilizing prices," Cathcart said in a news release. Despite the bump in activity, sales remain about 10 per cent below normal April levels, BMO chief economist Douglas Porter said in a note."
""No one is going to mistake this for a sign of spring for the chilly housing market." WATCH | Price of average Canadian home keeps falling, new data shows: 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 non-seasonally adjusted national average sale price of a home sold in April was $695,412, up 2.2 per cent on a year-over-year basis. But CREA's home price index, which aims to represent the sale of typical homes, edged 0.1 per cent lower between March and April. The index was down 4.2 per cent on a year-over-year basis. CREA said new listings for April were up 4.1 per cent on a month-over-month basis, marking the traditional start of the spring real estate market."
Home sales in April totaled 42,927, down four per cent from April 2025, while rising 0.7 per cent from March on a seasonally adjusted basis. The average sale price increased to $695,412, up 2.2 per cent year over year, but the home price index for typical homes edged down 0.1 per cent from March and fell 4.2 per cent year over year. New listings rose 4.1 per cent month over month, with 187,647 properties listed at the end of April, up 2.2 per cent from a year earlier but below the long-term average. Sales remained about 10 per cent below normal April levels amid global uncertainty and higher mortgage rates.
Read at www.cbc.ca
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