Toronto March snapshot
Greater Toronto home sales in March rose slightly to 5,039—up 1.7% year‑over‑year—while the average price fell 6.7% to $1,017,796, and new listings were down 16.7% YoY with active inventory at 21,596. (x.com) The Toronto market also shows rising resale inventory pressure by product: Toronto freehold sits at about 3.94 months of inventory (+10% week‑over‑week) while condos sit at roughly 5.80 months, with increases across Durham, York, Peel and Halton. (x.com)
Greater Toronto homebuyers got a little more active in March, but sellers still had to cut prices. The Toronto Regional Real Estate Board reported 5,039 sales and an average selling price of $1,017,796. (trreb.ca) Those March sales were up 1.7 percent from a year earlier, while new listings fell 16.7 percent to 14,442. Active listings stood at 21,596 across the Greater Toronto Area. (trreb.ca) Prices kept sliding even as activity improved. The board’s benchmark index fell 7.4 percent year over year, and the average selling price was down 6.7 percent from March 2025. (trreb.ca) A market can tighten without turning expensive overnight. In March, the Toronto Regional Real Estate Board said sales and new listings both rose from February on a seasonally adjusted basis, but sales increased at a slightly faster rate. (trreb.ca) That left buyers with bargaining power across much of the resale market, according to Toronto Regional Real Estate Board Chief Information Officer Jason Mercer. He said lower benchmark and average prices reflected that negotiating power, even as conditions tightened from a year earlier. (trreb.ca) The board also pointed to a split between today’s resale market and tomorrow’s construction pipeline. Chief Executive Officer John DiMichele said the supply pipeline could “run dry” in the medium to long term without more new-home building, especially in “missing middle” housing between condos and detached houses. (trreb.ca) The Toronto Regional Real Estate Board tied that warning to recent tax and fee changes. It said federal and provincial moves on harmonized sales tax and development-charge relief were meant to support affordability and spur new-home sales and construction. (trreb.ca) For now, the March snapshot shows a resale market with more movement than a year ago and less pricing power for sellers than they had in earlier cycles. The spring market is picking up, but it is doing so with lower prices, fewer new listings, and a large stock of homes still on the market. (trreb.ca)
