The Toronto Regional Real Estate Board (TRREB) has released its March housing data. Market conditions tightened compared to last year, with sales edging higher year-over-year, while new listings declined sharply. Selling prices remained lower than a year ago, continuing to support improved affordability heading into the spring market.
A total of 5,039 home sales were reported through the MLS system in March, up 1.7% compared to March 2025. New listings fell 16.7% year-over-year to 14,442, a notable decline that helped draw down active inventory. Active listings sat at 21,596, down 8.0% from last year. Months of inventory for the region now sits at 4.9, a slight improvement from February’s 5.0.
The average GTA home price came in at $1,017,796, representing a 6.7% year-over-year decline. The MLS Home Price Index (HPI) Composite Benchmark was down 7.4% across the GTA and 7.3% in Toronto, reinforcing continued broad-based price adjustment. Homes sold in an average of 31 days on market, up 29.2% from a year ago, with final sale prices coming in at 98% of the asking price. Approximately 77% of sales occurred below $1.25 million, with 5.7% of transactions topping the $2 million mark.
Sales by Property Type
Detached: $1,342,375 (↓ 6.4% year over year / ↑ 1.3% month over month)
Semi-detached: $1,008,246 (↓ 9.5% YoY / ↓ 1.9% MoM)
Townhomes: $850,266 (↓ 6.4% YoY / ↑ 0.6% MoM)
Condominiums: $620,479 (↓ 9.1% YoY / ↓ 1.0% MoM)
Detached homes accounted for the largest share of March sales (44.4%), followed by condominiums (28.2%), townhomes (17.4%), and semi-detached properties (8.8%). Semi-detached and condominium pricing continues to bear the steepest year-over-year declines, while detached homes and townhomes showed month-over-month stabilization.
March marked the first year-over-year increase in sales in 2026, while a notable drop in new listings is starting to shift market dynamics. If this pattern continues, tightening supply could help stabilize prices through the spring. Recent federal and provincial announcements on HST and development charge relief are encouraging for long-term supply, but in the near term, the market is still adjusting.
If you are planning to buy or sell this spring, recognizing how these conditions play out at the neighbourhood level is essential. The market continues to evolve, and thoughtful strategy and clear data continue to make a meaningful difference. A Harvey Kalles Real Estate sales representative can help you navigate these conditions with clarity, experience, and a strategy tailored to your goals.