04/08/2026
If this spring market had a personality, it would be the person who says “I’m on my way” while still standing in their kitchen. 😅
Toronto’s March market showed a few signs of life, but it’s still moving cautiously.
Here’s the snapshot:
🏡 Average sale price: $1,001,734
⬇️ Down 6.2% year over year
📉 Sales: 4,466
⬇️ Down 7.8% year over year
📆 Days on market: 36
⬆️ Up 16.1% year over year
📦 Months of inventory: 4.28
Toronto condo corner:
🏙 Average condo price: $648,287
⬇️ Down 9.5% year over year
🔑 Condo sales: 951
⬆️ Up 2.6% year over year
So what does that actually mean?
Buyers have something we haven’t seen in a while: more breathing room.
More time to think.
More room to negotiate.
Less of that “see it at 2, panic by 4, offer by 6” energy.
The market is showing some signs of waking up, but it still feels cautious. A lot of people are watching interest rates, trade, global uncertainty, and the overall economy before making a move.
At the same time, one of the biggest long-term issues is still housing supply. New construction across the GTA has slowed dramatically, which is why the recent government announcements around HST relief and development charge reductions matter so much.
Bottom line:
There is opportunity here. Buyers have more leverage than they’ve had in years, and homeowners looking to upsize, downsize, or make a smart move may have options that simply were not there a few years ago.
And as always, Toronto is not just one market — it’s a whole bunch of micro markets doing their own thing. So if you want to know what these numbers mean for your neighbourhood and your plans, send me a message.