Tuesday, October 28, 2025

Canada’s Housing Market Slumps From Record-High In April

Canada’s housing market receded from its record-high in April, as a resurgence in Covid-19 restrictions put a damper on the the country’s surging housing market.

According to the latest data published by the Canadian Real Estate Association (CREA), home sales across the country dropped 12.5% between March and April, while the new listings declined 5.4%. However, despite the slowing in activity, the national average home price remained elevated 41.9% year-over-year, at $696,000. Similarly, home sales are also up 256% from the nadir of April 2020.

Canada’s housing market has repeatedly soared to new records over the past year, as historically-low interest rates and demand for more spacious housing sent an onslaught of new potential homebuyers into the real estate market. “While housing markets across Canada remain very active, there is growing evidence that some of the extreme imbalances of the last year are beginning to unwind, which is what everyone wants to see happen,” explained CREA chair Cliff Stevenson.

As such, the decline in demand caused market conditions to relax. According to the realtor group, there were 2 months worth of inventory at the end of April, marking a slight increase from the record-low 1.7 months worth of inventory noted at the end of March.


Information for this briefing was found via the CREA. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Federal Government Extends Foreclosure and Evictions Protections as Millions of Americans Struggle to Make Housing Payments

As the coronavirus pandemic continues to shatter the US economy, millions of Americans are finding...

Monday, June 22, 2020, 03:49:00 PM

Toronto’s Housing Market Cools Off In April As Prices Slide From Historic Highs

Toronto’s skyrocketing home sales activity showed signs of cooling off last month, as an increasing...

Sunday, May 9, 2021, 03:19:00 PM

BMO Says Natural Disasters are Bullish for Real Estate Investors

On December 16th, BMO Capital Markets provided their 2023 real estate services sector outlook. They...

Saturday, December 17, 2022, 02:37:00 PM

CMHC Predicts Housing Prices Could Fall by 18%, Considering Reducing its Underwriting Practices

The Canadian Mortgage and Housing Corporation (CMHC) is considering reducing the number of mortgage underwriting...

Saturday, May 23, 2020, 01:02:00 PM

Canadian Home Prices Skyrocket by Record 25% as Supply Shortages Persist

Home prices across Canada edged even higher in November, as persistently low inventory levels fail...

Thursday, December 16, 2021, 10:03:00 AM