National home sales in April totalled 42,927, down four per cent from 44,698 in April 2025. New data from the Canadian Real Estate Association (CREA) show that sales edged up 0.7 per cent on a seasonally adjusted basis compared with March this year.

Shaun Cathcart, senior economist with CREA, said the 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.

“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, alongside falling days on market and stabilizing prices, Cathcart said in a press release.

The number of newly listed properties jumped 4.1 per cent on a month-over-month basis.CREA said there were a total of 187,647 properties listed for sale at the end of April, up 2.2 per cent from last April but 6.1 per cent below the long-term average for that time of that year.

Regionally, home prices remain down on a year-over-year basis in British Columbia, Alberta, and Ontario, offsetting gains in other provinces. The non-seasonally adjusted national average price was $695,412 in April, up 2.2 per cent from the same month last year. CREA’s home price index edged down 0.1 per cent month-over-month between March and April, marking the smallest decline since October 2025.

“While many buyers remain in a wait and see mode, the April national housing numbers did move in the right direction across the board,” said Garry Bhaura, CREA Chair. “With the spring listings now coming onto the market, sales were up, days on market were down, and prices continued to stabilize.”