Canadian Housing Market April 2025: Activity Pauses as Buyers Stay Cautious
The Canadian housing market hit pause in April 2025. Home sales stayed flat compared to March but are still well below last year’s numbers. Here’s what you need to know.
April 2025 Market Snapshot
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Home sales unchanged: Sales were steady between March and April (-0.1%).
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Sales down year-over-year: Actual sales were 9.8% lower than April 2024.
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New listings dipped: New homes for sale dropped 1% compared to March.
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Prices continue to fall: The MLS® Home Price Index (HPI) dropped 1.2% from March and is down 3.6% compared to last year.
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Average sale price down: The national average home price was $679,866 in April, down 3.9% from last year.
What This Means for Buyers and Sellers
The market is quiet but stable. Buyers are holding back, unsure because of ongoing tariff worries and economic uncertainty. Shaun Cathcart, CREA’s Senior Economist, says this looks like the quieter markets we’ve seen since 2022.
Sellers shouldn’t expect a rush of buyers. The sales-to-new listings ratio is 46.8%, below the balanced market average of 54.9%. Inventory is rising in Ontario and British Columbia but remains tight elsewhere.
For buyers, this means more choice in some areas but competition still exists in many regions. Nationally, there are about 5.1 months of inventory, which signals a balanced market.
Regional Highlights
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Ontario and B.C. have more homes for sale than last year.
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Other provinces still face tight supply and more competition.
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Keep an eye on CREA’s next report on June 16, 2025, for updates on how these trends develop.
Why You Need a Local REALTOR®
National averages don’t tell the whole story. Markets vary widely by city and neighbourhood. Whether buying or selling, having a REALTOR® who knows your area is essential. They help you navigate pricing, timing, and local market conditions to make the best decisions.
Bottom Line:
April’s market shows a pause in sales declines but no clear sign of a rebound yet. Prices are easing, and supply is creeping up, especially in Ontario and B.C. The market is balanced overall, but local conditions matter more than ever. If you want real insight into your local market in Barrie, Innisfil, Oro, or Orillia, reach out to a trusted REALTOR® today.
Ready to Buy, Sell, Rent, or Invest in Simcoe County?
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