April Sales Tick Up, But Don't Break Out the Champagne
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In April 2026, Canada's housing market experienced a month-over-month sales increase of 0.7%, according to the Canadian Real Estate Association (CREA). This marks the first monthly and year-over-year increase of the year, suggesting a potential thaw in the market.
Despite this uptick, experts warn that the overall market conditions remain fragile. CREA noted a decrease in the average days on market and signs of price stabilization, but the broader context indicates that the market is still significantly weaker than previous years.
Question
Given the recent sales increase, should buyers rush to make purchases now, or is it better to wait for more stable conditions?
Editor's Comment
As a seasoned agent in Greater Vancouver, it's crucial to recognize that while April's sales figures show a positive trend, the market's overall health remains questionable. Sellers should be prepared for negotiations and buyers should remain vigilant about market conditions.