Particle.news
Download on the App Store
6 ARTICLES
·
2mo ago

Canada Home Sales Edge Higher in April as Mixed Price Signals Persist

Rising supply alongside a downgraded sales outlook signals a cautious spring for buyers and sellers.

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
A number of rent and sale signs outside The Hargate, an apartment and condo building in Edmonton's Wîhkwêntôwin neighbourhood on May 13, 2026. Amanda Erickson/The Globe and Mail
A for sale sign stands on the lawn of a home in Toronto’s east end on May 7. In April, home sales were down four per cent compared to the same month last year.
Single-family detached homes made up more than half of all resales in April, but activity was flat from the same month in 2025.  

Overview

  • CREA data Thursday showed a 0.7% month-over-month gain in national sales after a slow start to April, with a stronger handoff into May and fewer days on market.
  • Despite the uptick, transactions were about 4% below a year ago and roughly 10% under typical April levels, pointing to a market that is still cool.
  • Prices sent a mixed message as the Home Price Index slipped 0.1% on the month and 4.2% on the year, while the average sale price rose 2.2% to $695,412 because more higher-priced homes changed hands.
  • Supply built as new listings rose 4.1% and active listings reached 187,647, pushing the sales-to-new-listings ratio down to 45.6% and giving buyers more room to negotiate.
  • Regional trends diverged, with bigger price drops in parts of British Columbia and Ontario and a slower spring in Calgary, while CREA cut its 2026 sales growth forecast to 1% due to higher mortgage rates and global risks.