Canadian home sales edged up 0.7% month-over-month during April but were 4% down from one year earlier.
According to the Canadian Real Estate Association (CREA), new listings jumped 4.1% on a month-over-month basis in April while the national sales-to-new listings ratio eased to 45.6% compared to 47.1% in March. There were 187,647 properties listed for sale on all Canadian MLS Systems at the end of last month, up 2.2% from April 2025 but also 6.1% below the long-term average for that time of the year, and the national inventory level came in at 5.2 months.
The non-seasonally adjusted national average home price was $695,412 in April, up 2.2% from the same month last year. Regionally, prices were down on a year-over-year basis in Alberta, British Columbia, and Ontario, which offset gains in other provinces.
“While many buyers remain in a wait and see mode, the April national housing numbers did move in the right direction across the board,” said Garry Bhaura, CREA chairman. “With the spring listings now coming onto the market, sales were up, days on market were down, and prices continued to stabilize.”
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