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As spring arrives in the Greater Toronto Area, the housing market is beginning to pick up. Warmer weather and improving buyer activity are typical for this time of year, and March is showing early signs of that seasonal momentum.
At the same time, economic conditions continue to shape a more balanced and cautious market.
March 2026 Highlights
- Home sales increased 1.7% year-over-year and were higher than February
- New listings decreased 16.7% compared to March 2025
- Average selling price: $1,017,796 (↓ 6.7% YoY)
- Benchmark price: ↓ 7.4% YoY
While prices remain lower than last year, this has improved affordability and created more opportunities for buyers.
What This Means
Buyers continue to benefit from greater negotiating power, while sellers need to be strategic with pricing and presentation. With fewer new listings entering the market, supply may tighten as we move further into the spring season.
Looking Ahead
If inventory remains limited, home prices could begin to stabilize later in 2026. Market confidence—driven by economic and global conditions—will also play an important role in shaping activity in the months ahead.
Let’s Connect
If you have any questions about the Toronto or GTA real estate market, or if you’re considering buying or selling this year, I would be happy to help.
Rosy Zheng | Real Estate Broker
ABR®, SRES®, CNE®, RSPS®
A Rosy Way Home
Serving with Integrity and Care
