April Home Sales Down Amid Frosty Start to Spring Real Estate Market
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In April 2026, home sales in Canada totaled 42,927, marking a four percent decrease from 44,698 sales in April 2025, as reported by the Canadian Real Estate Association (CREA). The national average sale price of a home sold in April was $695,412, reflecting a 2.2 percent increase year-over-year.
Despite the decline in sales compared to last year, there was a modest increase of 0.7 percent in seasonally adjusted sales from March to April 2026. CREA's senior economist, Shaun Cathcart, noted that global economic uncertainty and rising mortgage rates have dampened the expected rebound in housing markets.
Question
What does the decline in home sales indicate about buyer sentiment and market conditions?
Editor's Comment
As a seasoned agent in the Greater Vancouver area, it's clear that the market is experiencing a significant shift. With prices stabilizing and inventory levels fluctuating, both buyers and sellers must navigate this landscape carefully. Understanding local trends and adjusting expectations will be crucial for success in this environment.