Market Insights | March 2026
March brought a subtle but meaningful shift across the Toronto housing market.
Sales edged up 1.7% year-over-year to just over 5,000 transactions, while new listings declined sharply by 16.7% - contributing to tighter conditions as we move into the spring season.
Improved affordability has come into focus. The average home sold for just over $1.01M in March, down 6.7% annually, with benchmark prices following suit. This has given buyers continued negotiating power and a window of opportunity not seen in recent spring markets.
On a month-over-month basis, sales have begun to outpace new listings, and if this trend continues, conditions could tighten further. Early signs suggest prices may begin to stabilize as the year progresses, particularly if consumer confidence continues to build.
