en.Wedoany.com Reported - The Canadian Real Estate Association released data showing that total home sales in April 2026 amounted to 42,927 units, a 4% decline from 44,698 units in April 2025. On a seasonally adjusted basis, April home sales edged up 0.7% from March.

CREA Senior Economist Shaun Cathcart stated that global economic uncertainty and higher mortgage rates mean the previously anticipated market recovery will continue to be suppressed, though not entirely without upward momentum. Cathcart noted: "While the increase in home sales from March to April was only marginal, that slight gain reflects a slow start to the month, followed by stronger hand-offs heading into May, alongside fewer days on market and stabilizing prices." BMO Chief Economist Douglas Porter said in a note that sales are still running about 10% below normal April levels, "and no one will mistake this for a spring signal in a chilly housing market."

The national average home price in April was $695,412, up 2.2% year-over-year. The CREA Home Price Index edged down 0.1% month-over-month, the smallest decline since October 2025, and was down 4.2% year-over-year. New listings rose 4.1% month-over-month, with a total of 187,647 properties listed for sale across the country by the end of April, up 2.2% from the same period last year but 6.1% below the long-term average.

CREA previously revised its 2026 forecast, now projecting home sales to increase by 1% compared to 2025, down from the 5.1% growth forecast in January. The national average home price in 2026 is expected to rise 1.5% year-over-year to $688,955. Porter indicated that home sales are being restrained by consumer caution, exacerbated by rising inflation and the associated increase in long-term interest rates, making a rapid market recovery unlikely in the near term. At the regional level, year-over-year home price declines in British Columbia, Alberta, and Ontario offset gains in other provinces.

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