Canadian home sales rose 0.7% in April 2026, ending a five-month decline, yet market conditions remain soft as new listings outpaced sales growth. The MLS House Price Index continued to edge lower, suggesting a full recovery is unlikely until late 2026 or 2027.
Key Takeaways
- 1.Canadian existing home sales increased 0.7% month-over-month in April 2026, marking the first rise since October 2025.
- 2.New listings surged 4.1% m/m, outpacing sales and driving the sales-to-new listings ratio (SNLR) down to 45.6%, a level near historical lows.
- 3.The MLS House Price Index (HPI) continued its downward trend, falling 0.2% in April, reflecting persistent soft market conditions.
Table of Contents
- Contributors
- Canadian Home Sales — April 2026
- SUMMARY
- IMPLICATIONS
- MLS Home Price Indices — Western Canada
- MLS Home Price Indices (cont.) — Eastern Canada
- MLS Home Price Indices (cont.) — Eastern Canada and Canadian Aggregate
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Patrick Perrier
Securities
MLS HPI Benchmark Price
Themes
Post-Tightening Housing SlumpTrade and Geopolitical Headwinds
Regions
North AmericaCanada