US EditionHome sales down almost 10% annually last month: Canadian Real Estate Association
- The Canadian Real Estate Association reported that April home sales in Canada fell 9.8 percent year-over-year to 44,300 transactions nationwide.
- This decline continued a trend of subdued demand caused by high interest rates in 2022 and 2023, alongside tariff-related uncertainty keeping buyers cautious.
- New listings dropped by one percent month-over-month to 183,000, which remains below the long-term average of 201,000, while the national average sale price decreased 3.9 percent to $679,866.
- CREA’s home price index, representing typical home sales, fell 1.2 percent from March, and the association downgraded its 2025 sales forecast from an 8.6 percent rise to transactions likely on par with 2024 levels.
- Economists warn that if average sellers become obligated sellers amid a rough economic patch, it could deepen market challenges, though pent-up demand and possible improved confidence later in 2025 may support a sales rebound.
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33 Articles
33 Articles
According to one economist, uncertainty about tariffs continues to keep buyers away.
·Montreal, Canada
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Residential sales fell by 9.8% in April compared to the same month last year, says the Canadian Real Estate Association (CAI), which describes the country's real estate situation "as a return to the calm markets we've known since 2022."
·Montreal, Canada
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A more balanced Calgary resale market sees prices decline in April
Sales fell. New listings rose, and the average price declined last month. Calgary Real Estate Board statistics from April released revealed a resale real estate market exhibiting a balance between supply and demand, where the benchmark price of a home in the city fell a little more than one per cent year over year.
·Calgary, Canada
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Total News Sources33
Leaning Left8Leaning Right3Center4Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 27%
R 20%
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