The GTA resale housing market showed encouraging signs of renewed activity in March 2026. A total of 5,039 home sales were reported by the Toronto Regional Real Estate Board (TRREB) — an increase of 1.7% compared to March 2025. At the same time, new listings came in at 14,442, down 16.7% year-over-year, meaning buyer activity is picking up, while fewer homes hit the market.
“It’s encouraging to see an uptick in March home sales compared to last month and last year,” said Daniel Steinfeld, President of TRREB. He added that “an increasing number of GTA households are looking to take advantage of improved affordability as we move into the spring market.”
On a seasonally adjusted basis — a method that smooths out predictable seasonal patterns — both sales and new listings rose month-over-month compared to February, with sales climbing at a slightly greater rate.
Buyers Hold the Advantage on Price
If you’ve been waiting for the right moment, this market continues to reward patient buyers. The MLS® Home Price Index Composite benchmark — a measure that tracks price changes for typical homes — was down 7.4% year-over-year.
The average selling price settled at $1,017,796, representing a 6.7% decrease compared to March 2025. “Buyers continued to benefit from substantial negotiating power on price across major market segments in the last month,” noted Jason Mercer, TRREB’s Chief Information Officer. On a month-over-month seasonally adjusted basis, selling prices remained relatively flat, with the benchmark edging slightly down and the average price edging slightly up compared to February. This stabilization is a positive signal for both buyers and sellers heading into the busier spring months.
A Market in Transition
The current conditions point to a market that is finding its footing. With sales outpacing the growth of new listings, the balance is gradually shifting. Mercer observed that “if market conditions continue to tighten, as they did in March, selling prices could start levelling off as we move through the remainder of 2026.” For sellers, this is welcome news — it suggests the window of steep price declines may be closing.
A Balanced Outlook for Homeowners
On the supply side, federal and provincial governments have introduced HST and development charge relief measures aimed at encouraging new home construction. These initiatives are especially focused on so-called “missing middle” housing — townhomes, stacked units, and low-rise multiplexes that bridge the gap between condominiums and traditional single- family homes. This kind of building activity will be critical to keeping the market healthy and accessible long-term.
Let’s Talk About Your Next Move
Whether you’re looking to buy in a market that favours negotiation, or you’re a homeowner curious about what your property is worth as conditions stabilize, there’s no better time to have the conversation. Reach out to The Vetere Team today — we’ll help you make sense of the numbers and find the right opportunity for you and your family.