04/08/2026
The GTA housing market started to show signs of warming in March.
• Sales up 1.7% year-over-year
• Active listings down 8%
• Average price: $1,017,796 (down 6.7%)
Buyers are still benefiting from strong negotiating power, but if conditions continue tightening, we could see prices begin to level off later this year.
On the new construction side, the Ontario Government introduced an enhanced HST relief program available from April 1, 2026-March 31, 2027, where all buyers of new construction will benefit from an HST rebate (up to $130K). The Government has also indroducd a new development charge relief program aimed to reduce development charges for up to a 3 year period. These policy changes are creating some interesting opportunities for buyers.
If you’re thinking about buying, selling, or just want to understand what this means for you, feel free to reach out anytime.