CREA Says Canada's April Home Price Index Down on The Month, Year; Sees Market Still "Muted" This Year

07:24 AM EDT, 05/14/2026 (MT Newswires) -- The Canadian Real Estate Association (CREA) on Thursday released statistics on the country's home sales for April.

In summary: National home sales edged up 0.7% month-over-month; Actual (not seasonally adjusted) monthly activity came in 4% below April 2025; The number of newly listed properties jumped 4.1% on a month-over-month basis; The MLS Home Price Index (HPI) edged down 0.1% month-over-month and was down 4.2% on a year-over-year basis; The actual (not seasonally adjusted) national average sale price was up 2.2% on a year-over-year basis in April 2026.

There were 187,647 properties listed for sale on all Canadian MLS Systems at the end of April 2026, up 2.2% from a year earlier but 6.1% below the long-term average for that time of the year, noted CREA in a statement.

There were 5.2 months of inventory on a national basis at the end of April, up slightly from February and March due to the influx of new spring listings. This remains very close to the long-term average for the measure of five months. Based on one standard deviation above and below that long-term average, a seller's market would be below 3.6 months, and a buyer's market would be above 6.4 months.

The non-seasonally adjusted national average home price was $695,412 in April, up 2.2% from the same month last year, added CREA.

"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, senior economist with CREA.

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