Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateNational home sales up marginally in April, still outpaced by new listingsHome sales rose 0.7% month over month in April, with new listings climbing 4.1%Last updated 1 day ago You can save this article by registering for free here. Or sign-in if you have an account.A 'for sale' sign outside a house in Toronto, Ont. Photo by Laura Proctor/Bloomberg filesThe Canadian housing market posted a modest gain in April but remains tilted in buyers’ favour as it moves through the spring sales season.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorAccording to the Canadian Real Estate Association (CREA), national home sales rose 0.7 per cent month over month in April, with new listings climbing 4.1 per cent.The national benchmark home price fell slightly to $658,100, a decline of 0.1 per cent from March and 4.2 per cent year over year.New listings climbed 4.1 per cent in the month, outpacing sales. The sales-to-new-listings ratio eased to 45.6 per cent, from 47.1 per cent in March, which CREA considers the lower end of a balanced market.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBefore demand dropped sharply in January 2026, the market was considered mostly balanced through late 2025, sitting at a sales-to-new-listings ratio of 45 to 65 per cent. Since January, new listings have been inching closer to a buyer’s market, with a ratio below 45 per cent.Although the same can’t be said across the country, some local markets, especially in Ontario and B.C., are already firmly in buyer’s market territory.In Ontario’s condo heavy Greater Toronto Area, the benchmark home price tumbled 12.9 per cent year over year in April. Hamilton–Burlington fell 12.7 per cent and Oakville–Milton dropped 20.4 per cent in the same period.Supply conditions tightened while price gains rose in certain Prairie markets, including Saskatoon and Regina. Parts of Quebec and Atlantic Canada also posted notable gains in April.Although some regions have been immune to the real estate slowdown, for most markets, broader geopolitical forces continue to be a factor.“This latest bout of global economic uncertainty and higher mortgage rates means the previously expected rebound in housing markets this year will continue to be muted, but it does not mean there will be no upward momentum at all,” said Shaun Cathcart, CREA’s senior economist.CREA chair Garry Bhaura said buyers remain cautious even though homes are selling faster and prices are beginning to stabilize.Mortgage market commentator, Clay Jarvis, believes the rebound opportunity has already been lost.“At this point in the year, the chance for a full-blown housing rebound has likely slipped away. But at least there was a slight return to seasonality in April.”Jarvis said some of the nation’s largest housing markets picked up the slack in April, “for the first time in a while.”“Ontario and Alberta did the heavy lifting in terms of increasing those national sales numbers. It might be time to wonder if Ontario’s market is bouncing off the bottom,” he said.Sales activity in the Greater Toronto Area, Calgary and Edmonton outshone much of the country in that category, reporting increases of 4,829, 2,288 and 2,168 respectively.According to Cathcart, the market overall is slowly improving.“While home sales were up only modestly from March to April, the small increase reflected a slow start to the month with a stronger handoff into May,” Cathcart said. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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