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'Tempered enthusiasm': No spring real estate bloom, but buyers are slowly coming back
National resale transactions fell 4% in April as higher borrowing costs and weaker population growth kept buyers on the sidelines, CREA said.
- Nationally, prices rose 2.2 per cent last month as resale transactions fell four per cent from April 2025, the Canadian Real Estate Association said Thursday.
- Citing trade uncertainty and Middle East conflict, the CREA recently downgraded its 2026 sales growth forecast to one per cent, down from a 5.1 per cent estimate driven by slashed immigration targets.
- In the GTA, sales gained seven per cent though prices fell five per cent to $1,051,969, while Greater Vancouver sales dropped 2.5 per cent as investor condo demand cratered, said Zach Pendley of EY Canada.
- Buyers remain active but selective, exhibiting 'tempered enthusiasm' as they navigate the market cautiously, said Jessica Hammell of Real Broker Ontario.
- BMO senior economist Robert Kavcic stated a 'big rebound' is not currently in place, as the housing market continues correcting valuations toward sustainable levels from the 2022 bull market peak.
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15 Articles
Winnipeg Free Press+11 Reposted by 11 other sources
'Tempered enthusiasm': No spring real estate bloom, but buyers are slowly coming back
Rosy outlooks for Canada's real estate sector at the start of this year rested on hopes of a fruitful spring market that experts say has yet to fully bloom.
·Winnipeg, Canada
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The Toronto StarReposted by 
The Record
The Record‘Tempered enthusiasm’: No spring real estate bloom, but buyers are slowly coming back
Rosy outlooks for Canada's real estate sector at the start of this year rested on hopes of a fruitful spring market that experts say has yet to fully bloom.
·Toronto, Canada
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Buyers and sellers must adapt their expectations to a "new reality."The post No real estate takeover this spring, but buyers come back appeared first on Les Affaires.
Coverage Details
Total News Sources15
Leaning Left6Leaning Right0Center6Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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