April brought a bit of a seasonal lift to the real estate market, with home sales ticking up compared to March. But when we zoom out and look year-over-year, things are still quieter than usual.
Here’s what you need to know:
📉 5,601 homes sold in April – that’s down 23.3% compared to April 2024.
📈 18,836 new listings hit the market – that’s up 8.1% year-over-year.
📊 On a seasonally adjusted basis, sales inched up from March – so some momentum is building.
What’s behind the slowdown?
Many buyers are still sitting on the sidelines, waiting for interest rates to drop and for the economy to feel more stable.
TRREB President Elechia Barry-Sproule added:
“If our trade relationship with the U.S. improves post-election, we could see more confidence and a stronger market.”
So while listings are growing and spring is usually busy, this year’s market still feels a bit cautious.
