The Globe and Mail reports in its Friday edition that Canadian home sales flattened in April after months of declines that have rocked the market since the beginning of the year, according to the latest report from the Canadian Real Estate Association (CREA) published Thursday. The Globe's Carlo Cantisani writes that sales fell by 0.1 per cent in April compared with March on a seasonally adjusted basis, with just over 35,000 homes sold across the country. "At this point, the 2025 Canadian housing story would best be described as a return to the quiet markets we've experienced since 2022, with tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines," CREA senior economist Shaun Cathcart said in a statement. CREA said sales declined in Alberta and British Columbia by 3.4 per cent and 2.3 per cent respectively from a month earlier, but Ontario posted a 1.1-per-cent increase and Quebec sales rose by 2 per cent. Sales across the country came in 9.8 per cent below the same month last year. TD Bank economist Rishi Sondhi said there is pent-up demand from buyers staying on the sidelines, which was already evident in Ontario and B.C. before the U.S. trade war hit Canada.
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