March 2026 brought a more encouraging tone to the GTA housing market. Sales were up compared to last March, new listings were down, and average selling prices remained lower than a year ago. That combination gave buyers continued room to negotiate while also suggesting that market conditions may be starting to tighten as the spring market gets underway.
Across TRREB’s market area, there were 5,039 home sales in March, up 1.7 per cent year-over-year. New listings came in at 14,442, down 16.7 per cent from March 2025. The average selling price was $1,017,796, down 6.7 per cent from a year earlier. TRREB also noted that, on a seasonally adjusted basis, both sales and new listings were up from February, with sales rising slightly faster than listings.
What this tells us is that the spring market is showing more life, while affordability continues to support buyer interest. Buyers still have meaningful negotiating power on price, but March suggests that more households are stepping back into the market as conditions improve.
By property type across the full TRREB area, March average prices came in at $1,342,375 for detached homes, $1,008,246 for semi-detached homes, $850,266 for townhouses, and $620,479 for condo apartments. Condo apartments remained the most affordable segment, while detached homes continued to command the highest prices.
For buyers, this remains one of the better windows we’ve seen in a while. Affordability has improved from the peak years, there is still room to negotiate, and the pace is measured enough that decisions can be made with more care. For sellers, the market is moving, but pricing, preparation, and timing still matter. Buyers are active, but they are making careful decisions and expecting pricing to reflect current market conditions.
In West Toronto and South Etobicoke, this likely means well-positioned properties in established neighbourhoods should continue to attract attention, especially when value is clear. Buyers are still selective, but March suggests they are becoming more willing to act as the spring market unfolds.
The bigger picture is constructive. March points to a market that is gradually finding balance: improved affordability for buyers, fewer new listings than last year, and a steady increase in activity as we move through spring.
Whether you're buying, selling, or planning your next move, I’m here to help you navigate the market with clarity, strategy, and a clear understanding of your options.
Luba Beley, BROKER
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📞 416-419-5226
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