Canadian Existing-Home Sales Increase in April

On Thursday, the Canadian Real Estate Association (CREA) reported that existing-home sales recorded over Canadian MLS Systems increased 0.7% in April on a seasonally adjusted monthly basis.

As of the end of April, 187,647 properties were listed for sale, up 2.2% from a year earlier but 6.1% below the long-term average for this time of year.

New listings rose 4.1%. With sales rising at a slower pace, the national sales-to-new listings ratio loosened to 45.6%, compared with 47.1% in March. CREA noted that the long-term average is 54.8%, with readings between 45% and 65% generally consistent with balanced market conditions.

There were 5.2 months of inventory on a national basis at the end of April, up slightly from recent months and close to the long-term average of five months. CREA noted that readings below 3.6 months indicate a seller’s market, while levels above 6.4 months indicate a buyer’s market.

Regionally, prices remained down year-over-year in BC, Alberta, and Ontario, offsetting gains in other provinces.

The non-seasonally adjusted average home price was CA$695,412, up 2.2% from April 2025.