Home sales in Canada saw a decline in April compared to the previous year, alongside a rise in the average sale price. The Canadian Real Estate Association reported that there were 42,927 home sales in April, a four percent drop from the 44,698 sales in April 2025. On a seasonally adjusted basis, home sales in April increased by 0.7 percent compared to March.
Despite some improvement in activity, the housing market is facing challenges due to global economic uncertainties and higher mortgage rates. CREA’s senior economist, Shaun Cathcart, mentioned that while there was a modest increase in home sales from March to April, the market is still below normal levels for April. BMO chief economist Douglas Porter also noted that the current housing market conditions do not signal a significant spring recovery.
The national average sale price of a home in April stood at $695,412, up 2.2 percent year-over-year. However, CREA’s home price index, which reflects typical home sales, slightly decreased month-over-month. New listings in April rose by 4.1 percent compared to the previous month, marking the beginning of the spring real estate season.
With 187,647 properties listed for sale by the end of April, representing a 2.2 percent increase from the previous year, the market remains below the long-term average for this time of the year. CREA revised its 2026 forecast for home sales activity, attributing the adjustment to the impact of the oil price shock on mortgage rates. The association now predicts only a one percent growth in transactions compared to the initial forecast of 5.1 percent.
Regional variations were observed in home prices, with declines in British Columbia, Alberta, and Ontario offsetting gains in other provinces. In Toronto, the average home price in April dropped by 6.3 percent year-over-year and by 13 percent compared to 2023 prices. Overall, the housing market continues to face subdued activity, with various regions experiencing cooling trends.