National home sales were relatively unchanged in April, when factoring in seasonal variations, according to a new report, and CREA says that could be a good sign.

The stability in home sales suggests a potential shift in the Canadian housing market, possibly signaling a balance between supply and demand after recent fluctuations. This could indicate a cooling period or stabilization, which may influence buyer and seller behavior in the coming months.

The Canadian real estate market is entering a transition period, with national home sales in April remaining stable after seasonal adjustments, according to CREA, which views this as a positive indicator.  

Canadian real estate market entering a ‘transition period,’ says CREA

Was this article worth reading? Share it

Ready to build your own newsroom?