04/13/2026
April 2026 Market Insights: Momentum is building, but demand remains selective.
March saw an uptick in presale activity, with five projects launching - the highest monthly total so far this year. However, this still sits well below historical norms, and absorption reached just 17%, roughly half of what’s typical for this time of year.
While supply is beginning to return, buyer behaviour remains measured. End-users continue to drive activity, with pricing, product positioning, and developer reputation playing an outsized role in performance.
Looking ahead, April is expected to slow again, with just one townhome project and 27 units forecast - highlighting a market still finding its footing.
On the rental side, completions remain steady, adding new inventory, though leasing velocity has been modest. Seasonal tailwinds may support improved activity in the coming months.
As confidence gradually rebuilds, broader incentives and policy shifts could play a key role in unlocking demand.
🔗 Read the full April 2026 Pulse Report here: https://hubs.ly/Q04bCGLj0