CREA reports April home sales down as spring market still hasn’t thawed
New listings rose 4.1% as sales stayed about 10% below normal April levels, suggesting a market still tilted toward buyers, CREA said.
- On Thursday, May 14, 2026, the Canadian Real Estate Association reported that national home sales rose 0.7 per cent in April, marking the first monthly increase in half a year.
- Despite the monthly increase, sales totaled 42,927, remaining 4 per cent lower than April of last year as CREA downgraded its annual forecast amid higher mortgage rates and economic uncertainty.
- The national home price index fell 0.1 per cent to $658,100, down 4.2 per cent year-over-year; British Columbia and Ontario prices declined sharply while Saskatoon and Regina posted gains.
- Shaun Cathcart, CREA's senior economist, said sellers and buyers are starting to see "eye to eye on value," with sellers lowering pandemic-era price expectations and accelerating negotiations.
- Global economic uncertainty means the previously expected rebound will remain muted this year, though Cathcart noted the market is gradually improving with a stronger handoff into May.
14 Articles
14 Articles
thealbertan.com
CREA reports April home sales down as spring market still hasn't thawed
The Canadian Real Estate Association says home sales in April fell compared with a year ago as the average sale price climbed. The organization said home sales in April totalled 42,927, down four per cent from 44,698 in April 2025.
Sales of residential properties declined in April compared to last year in the country, while the average selling price increased, notes the AIT.
Foch: April sales ticked up, but don’t break out the champagne
In their most recent update, CREA is doing what CREA does: finding the optimistic angle. As is tradition. But… to be fair, there is an optimistic angle for the first time this year. National home sales rose 0.7 per cent month-over-month in April 2026, making this the first monthly and year-over-year increase of the year. We usually do see sales rise from March to April, so it may not be anything to get too excited about. CREA also pointed to a s…
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