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<\/figure>\n\n\n\nAffordable Markets Continue to Lead on Price Increases<\/strong><\/h2>\n\n\n\nSmaller and more affordable markets once again posted the strongest year-over-year price gains in April. Thunder Bay<\/a> led the country with a 24.3% increase, bringing the average price to $433,600. Trois-Rivi\u00e8res CMA followed with a 20.2% gain to $458,215, and Newfoundland and Labrador<\/a> rounded out the top three with an 8.7% climb to $355,067. These markets continue to attract buyers seeking value outside of Canada’s major urban centres, and their consistent outperformance is a defining feature of the 2026 market so far.<\/p>\n\n\n\nPrice Declines Persist Across Southern Ontario<\/strong><\/h2>\n\n\n\nSeveral markets in Southern Ontario continued to see year-over-year price corrections in April. Niagara Region<\/a> recorded the steepest drop at 11.2%, with the average price falling to $620,108. Greater Toronto followed with a 4.9% decline to $1,051,969, while London<\/a> and St. Thomas<\/a> fell 4.7% to $619,470, and Kitchener-Waterloo dropped 4.1% to $759,467. Hamilton-Burlington also declined, falling 3.8% to $830,315. The pattern of correction in these markets has been consistent throughout 2026, reflecting lingering affordability pressures and cautious buyer sentiment in the region.<\/p>\n\n\n\nSales Rebound in Toronto and the Fraser Valley<\/strong><\/h2>\n\n\n\nTwo of Canada’s most closely watched markets showed encouraging signs on the sales front in April. Greater Toronto<\/a> recorded 5,946 transactions, a 7.0% year-over-year increase from 5,556 in April 2025, a notable turnaround after months of declines. The Fraser Valley also posted a gain, with sales rising 7.6% year-over-year to 1,045 units. Greater Vancouver<\/a> had a modest 1.6% decline to 2,114 transactions.<\/p>\n\n\n\nPrices remained under pressure across most of these markets despite the sales rebound. Greater Toronto slipped 4.9% year-over-year to $1,051,969, and the Fraser Valley edged down 0.5% to $1,003,493. Greater Vancouver was essentially flat at $1,218,745, up just 0.3%, while Victoria declined 1.6% to $1,043,987. The combination of rising sales and softening prices suggests buyers may be returning to these markets at lower price points, a dynamic worth watching as spring progresses. <\/p>\n\n\n\n
\n- Related:<\/strong> <\/strong>How 60 Canadian Salaries Stack Up to a 20% Down Payment<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Alberta Holds Its Ground<\/strong><\/h2>\n\n\n\nAlberta’s two major markets continued to hold their ground in April. Calgary<\/a> posted 2,790 sales at an average price of $670,264, a 1.1% year-over-year price gain despite a 6% decline in transactions. Edmonton<\/a> recorded 2,666 sales at an average of $473,526, with prices rising a stronger 2.7% year-over-year. Both cities remain well below the national average, and with prices trending positive amid broader economic uncertainty, Alberta continues to be one of the more stable housing markets in the country. <\/p>\n\n\n\n\n- Related: <\/strong>What a $55K\u2013$85K Salary Gets You in Canada\u2019s Housing Market Right Now<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Quebec Adds Supply While Ontario and BC Pull Back <\/strong><\/h2>\n\n\n\nNational new listings were nearly flat year-over-year at 96,083 (+0.2%). However, Quebec’s markets saw a significant surge in new supply. Trois-Rivi\u00e8res CMA led all markets with a 45.3% jump to 250 listings, followed by Quebec CMA at 25.1% to 1,386 and Halifax-Dartmouth<\/a> at 16.1% to 903. Ottawa <\/a>also posted a healthy gain of 13.4% to 2,728 listings, and London and St. Thomas rose 10.7% to 1,757.<\/p>\n\n\n\nOn the other side, supply contracted sharply in some markets. Sudbury<\/a> saw the steepest drop at 30.6% to just 270 new listings, followed by Greater Toronto at -9.3% to 17,097 and Fraser Valley at -11.5% to 3,076. The pullback in new supply in these larger Ontario and BC markets, even as sales begin to recover, could be an early signal of tightening conditions heading into late spring.<\/p>\n\n\n\n
Price Declines Persist Across Southern Ontario<\/strong><\/h2>\n\n\n\nSeveral markets in Southern Ontario continued to see year-over-year price corrections in April. Niagara Region<\/a> recorded the steepest drop at 11.2%, with the average price falling to $620,108. Greater Toronto followed with a 4.9% decline to $1,051,969, while London<\/a> and St. Thomas<\/a> fell 4.7% to $619,470, and Kitchener-Waterloo dropped 4.1% to $759,467. Hamilton-Burlington also declined, falling 3.8% to $830,315. The pattern of correction in these markets has been consistent throughout 2026, reflecting lingering affordability pressures and cautious buyer sentiment in the region.<\/p>\n\n\n\nSales Rebound in Toronto and the Fraser Valley<\/strong><\/h2>\n\n\n\nTwo of Canada’s most closely watched markets showed encouraging signs on the sales front in April. Greater Toronto<\/a> recorded 5,946 transactions, a 7.0% year-over-year increase from 5,556 in April 2025, a notable turnaround after months of declines. The Fraser Valley also posted a gain, with sales rising 7.6% year-over-year to 1,045 units. Greater Vancouver<\/a> had a modest 1.6% decline to 2,114 transactions.<\/p>\n\n\n\nPrices remained under pressure across most of these markets despite the sales rebound. Greater Toronto slipped 4.9% year-over-year to $1,051,969, and the Fraser Valley edged down 0.5% to $1,003,493. Greater Vancouver was essentially flat at $1,218,745, up just 0.3%, while Victoria declined 1.6% to $1,043,987. The combination of rising sales and softening prices suggests buyers may be returning to these markets at lower price points, a dynamic worth watching as spring progresses. <\/p>\n\n\n\n
\n- Related:<\/strong> <\/strong>How 60 Canadian Salaries Stack Up to a 20% Down Payment<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Alberta Holds Its Ground<\/strong><\/h2>\n\n\n\nAlberta’s two major markets continued to hold their ground in April. Calgary<\/a> posted 2,790 sales at an average price of $670,264, a 1.1% year-over-year price gain despite a 6% decline in transactions. Edmonton<\/a> recorded 2,666 sales at an average of $473,526, with prices rising a stronger 2.7% year-over-year. Both cities remain well below the national average, and with prices trending positive amid broader economic uncertainty, Alberta continues to be one of the more stable housing markets in the country. <\/p>\n\n\n\n\n- Related: <\/strong>What a $55K\u2013$85K Salary Gets You in Canada\u2019s Housing Market Right Now<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Quebec Adds Supply While Ontario and BC Pull Back <\/strong><\/h2>\n\n\n\nNational new listings were nearly flat year-over-year at 96,083 (+0.2%). However, Quebec’s markets saw a significant surge in new supply. Trois-Rivi\u00e8res CMA led all markets with a 45.3% jump to 250 listings, followed by Quebec CMA at 25.1% to 1,386 and Halifax-Dartmouth<\/a> at 16.1% to 903. Ottawa <\/a>also posted a healthy gain of 13.4% to 2,728 listings, and London and St. Thomas rose 10.7% to 1,757.<\/p>\n\n\n\nOn the other side, supply contracted sharply in some markets. Sudbury<\/a> saw the steepest drop at 30.6% to just 270 new listings, followed by Greater Toronto at -9.3% to 17,097 and Fraser Valley at -11.5% to 3,076. The pullback in new supply in these larger Ontario and BC markets, even as sales begin to recover, could be an early signal of tightening conditions heading into late spring.<\/p>\n\n\n\n
Sales Rebound in Toronto and the Fraser Valley<\/strong><\/h2>\n\n\n\nTwo of Canada’s most closely watched markets showed encouraging signs on the sales front in April. Greater Toronto<\/a> recorded 5,946 transactions, a 7.0% year-over-year increase from 5,556 in April 2025, a notable turnaround after months of declines. The Fraser Valley also posted a gain, with sales rising 7.6% year-over-year to 1,045 units. Greater Vancouver<\/a> had a modest 1.6% decline to 2,114 transactions.<\/p>\n\n\n\nPrices remained under pressure across most of these markets despite the sales rebound. Greater Toronto slipped 4.9% year-over-year to $1,051,969, and the Fraser Valley edged down 0.5% to $1,003,493. Greater Vancouver was essentially flat at $1,218,745, up just 0.3%, while Victoria declined 1.6% to $1,043,987. The combination of rising sales and softening prices suggests buyers may be returning to these markets at lower price points, a dynamic worth watching as spring progresses. <\/p>\n\n\n\n
\n- Related:<\/strong> <\/strong>How 60 Canadian Salaries Stack Up to a 20% Down Payment<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Alberta Holds Its Ground<\/strong><\/h2>\n\n\n\nAlberta’s two major markets continued to hold their ground in April. Calgary<\/a> posted 2,790 sales at an average price of $670,264, a 1.1% year-over-year price gain despite a 6% decline in transactions. Edmonton<\/a> recorded 2,666 sales at an average of $473,526, with prices rising a stronger 2.7% year-over-year. Both cities remain well below the national average, and with prices trending positive amid broader economic uncertainty, Alberta continues to be one of the more stable housing markets in the country. <\/p>\n\n\n\n\n- Related: <\/strong>What a $55K\u2013$85K Salary Gets You in Canada\u2019s Housing Market Right Now<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Quebec Adds Supply While Ontario and BC Pull Back <\/strong><\/h2>\n\n\n\nNational new listings were nearly flat year-over-year at 96,083 (+0.2%). However, Quebec’s markets saw a significant surge in new supply. Trois-Rivi\u00e8res CMA led all markets with a 45.3% jump to 250 listings, followed by Quebec CMA at 25.1% to 1,386 and Halifax-Dartmouth<\/a> at 16.1% to 903. Ottawa <\/a>also posted a healthy gain of 13.4% to 2,728 listings, and London and St. Thomas rose 10.7% to 1,757.<\/p>\n\n\n\nOn the other side, supply contracted sharply in some markets. Sudbury<\/a> saw the steepest drop at 30.6% to just 270 new listings, followed by Greater Toronto at -9.3% to 17,097 and Fraser Valley at -11.5% to 3,076. The pullback in new supply in these larger Ontario and BC markets, even as sales begin to recover, could be an early signal of tightening conditions heading into late spring.<\/p>\n\n\n\n
Prices remained under pressure across most of these markets despite the sales rebound. Greater Toronto slipped 4.9% year-over-year to $1,051,969, and the Fraser Valley edged down 0.5% to $1,003,493. Greater Vancouver was essentially flat at $1,218,745, up just 0.3%, while Victoria declined 1.6% to $1,043,987. The combination of rising sales and softening prices suggests buyers may be returning to these markets at lower price points, a dynamic worth watching as spring progresses. <\/p>\n\n\n\n
- \n
- Related:<\/strong> <\/strong>How 60 Canadian Salaries Stack Up to a 20% Down Payment<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Alberta Holds Its Ground<\/strong><\/h2>\n\n\n\n
Alberta’s two major markets continued to hold their ground in April. Calgary<\/a> posted 2,790 sales at an average price of $670,264, a 1.1% year-over-year price gain despite a 6% decline in transactions. Edmonton<\/a> recorded 2,666 sales at an average of $473,526, with prices rising a stronger 2.7% year-over-year. Both cities remain well below the national average, and with prices trending positive amid broader economic uncertainty, Alberta continues to be one of the more stable housing markets in the country. <\/p>\n\n\n\n
- \n
- Related: <\/strong>What a $55K\u2013$85K Salary Gets You in Canada\u2019s Housing Market Right Now<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n
Quebec Adds Supply While Ontario and BC Pull Back <\/strong><\/h2>\n\n\n\n
National new listings were nearly flat year-over-year at 96,083 (+0.2%). However, Quebec’s markets saw a significant surge in new supply. Trois-Rivi\u00e8res CMA led all markets with a 45.3% jump to 250 listings, followed by Quebec CMA at 25.1% to 1,386 and Halifax-Dartmouth<\/a> at 16.1% to 903. Ottawa <\/a>also posted a healthy gain of 13.4% to 2,728 listings, and London and St. Thomas rose 10.7% to 1,757.<\/p>\n\n\n\n
On the other side, supply contracted sharply in some markets. Sudbury<\/a> saw the steepest drop at 30.6% to just 270 new listings, followed by Greater Toronto at -9.3% to 17,097 and Fraser Valley at -11.5% to 3,076. The pullback in new supply in these larger Ontario and BC markets, even as sales begin to recover, could be an early signal of tightening conditions heading into late spring.<\/p>\n\n\n\n
- Related: <\/strong>What a $55K\u2013$85K Salary Gets You in Canada\u2019s Housing Market Right Now<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n