May 5, 2026 – There were 1,521 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in April 2026, representing a 15.2 per cent increase month-over-month, and a 4.3 per cent decline year-over-year.
“The real estate market has gained positive momentum this spring, with steady month-over-month growth in sales and new listing activity since the start of the year, although at a more moderate pace than the same period in 2025,” said Bill Duce, CEO of Cornerstone. “It is encouraging that we are still early in the spring market. These April numbers are just the beginning, and May and June are typically among the strongest months of the year. The Bank of Canada’s decision last week to hold the policy rate was a welcome signal of stability, giving both buyers and sellers greater confidence to move forward with their real estate goals. For those who have been waiting on the sidelines, now is a great time to re-engage with the market.”
While the MLS® Home Price Index (MLS® HPI) composite benchmark was down year-over-year in Cornerstone’s major market areas, most areas saw an increase on a month-over-month basis.
The Composite MLS® Home Price Index (HPI) Benchmark Price by market area:
| Area | HPI Benchmark April 2026 | Monthly % Change | Yr./Yr. % Change |
|---|---|---|---|
| Burlington | $876,100 | -1.9% | -8.0% |
| Cambridge | $686,000 | +1.5% | -5.4% |
| Haldimand County | $644,700 | +1.3% | -6.0% |
| Hamilton | $685,900 | +1.4% | -7.7% |
| Kitchener-Waterloo | $650,400 | +0.1% | -6.7% |
| Mississauga | $958,700 | -2.7% | -7.4% |
| Niagara North | $683,500 | 0.0% | -6.1% |
| Norfolk County | $561,900 | +0.6% | -3.8% |
There were 3,790 new listings added to Cornerstone’s MLS® System last month, a decline of 3.7 per cent year-over-year, and an increase of 21.5 per cent over March 2026.
The total inventory across Cornerstone’s market areas increased 17.1 per cent over the previous month and represents a 4.4 per cent decrease year-over-year. There was a 4.3-month supply at the end of April, representing a 2.4 per cent year-over-year increase. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate.
The average days on the market across all Cornerstone market areas was 33 in April, compared to 39 days in March 2026.
For in-depth market coverage, please follow these links:
Links to monthly Market Indicator Reports will be posted on the 5th of each month
Cornerstone cautions that average sale price information can help identify long-term trends but should not indicate that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Months' Supply is the inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. Those requiring specific information on property values should contact a local REALTOR®. Local REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for to get a complete picture of the property and community you’re considering.
Crystal Henderson, Chief Stakeholder Officer
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations.
Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Burlington, Haldimand County, Hamilton, Mississauga, Niagara North, Norfolk County, Waterloo Region and surrounding areas.
With approximately 7,500 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community.
More information at www.cornerstone.inc
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
