04/08/2026
The Greater Toronto Area (GTA) resale housing market experienced tighter conditions in March 2026 compared to the same period last year. Year-over-year sales increased, while new listings declined, contributing to a more competitive market environment. Despite this, average selling prices were lower than in March 2025, offering improved affordability as the spring market begins.
It is encouraging to see an increase in home sales this March compared to both last month and the same time last year which suggests that more GTA households are taking advantage of improved affordability.
Buyers continued to benefit from strong negotiating power across all major market segments over the past month which contributed to both benchmark and average selling prices declining on a year-over-year basis.
GTA REALTORS® reported 5,039 home sales through TRREB’s MLS® System in March 2026, representing a 1.7 per cent increase compared to March 2025. Meanwhile, 14,442 new listings were entered into the MLS® System, marking a 16.7 per cent decline year-over-year.
On a seasonally adjusted basis, both home sales and new listings in March 2026 increased month-over-month compared to February, with sales rising at a slightly faster pace than new listings.
The MLS® Home Price Index (HPI) Composite benchmark declined by 7.4 per cent year-over-year in March 2026. The average selling price was $1,017,796, representing a 6.7 per cent decrease compared to March 2025.
