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<\/p>\nGreater Toronto Area (GTA) resale housing market conditions tightened in March 2026 in comparison to last year. Sales were up year-over-year, while new listings were down. Selling prices were lower compared to March 2025 helping with affordability moving into the spring market. \u201cIt\u2019s encouraging to see an uptick in March home sales compared to last month and last year. This suggests that an increasing number of GTA households are looking to take advantage of improved affordability as we move into the spring market. Positive news on trade and geopolitical issues would help improve consumer confidence and home sales in the months ahead,\u201d said TRREB President Daniel Steinfeld.<\/p>\n
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\u201cBuyers continued to benefit from substantial negotiating power on price across major market segments in the last month. This explains why benchmark and average selling prices were down year-over-year. However, 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,\u201d said TRREB Chief Information Officer Jason Mercer. GTA REALTORS\u00ae reported 5,039 home sales through TRREB\u2019s MLS\u00ae System in March 2026 \u2013 an increase of 1.7 per cent compared to March 2025. New listings entered into the MLS\u00ae System amounted to 14,442 \u2013 down by 16.7 per cent year-over-year. On a seasonally adjusted basis, March 2026 home sales and new listings were up month-over-month compared to February 2026. Sales were up by a slightly greater monthly rate than new listings.<\/p>\n
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The MLS\u00ae Home Price Index (MLS\u00ae HPI) Composite benchmark was down by 7.4 per cent year-over-year in March 2026. The average selling price, at $1,017,796, was down by 6.7 per cent compared to March 2025. On a month-over-month seasonally adjusted basis selling prices remained relatively flat, with the MLS\u00ae HPI Composite edging down and the average selling price edging up compared to February 2026. \u201cThe GTA housing supply pipeline is in danger of running dry in the medium-to-long term. The federal and provincial governments announcements on HST and development charge relief were important affordability policy initiatives designed to spur new home sales and construction. It will be important to ensure that the right types of homes are built, namely \u2018missing middle\u2019 home types bridging the gap between condos and traditional single-family homes. This is contemplated in the recent Ontario Building Homes and Improving Transportation Infrastructure Act,\u201d said TRREB CEO John DiMichele.<\/p>\n","protected":false},"excerpt":{"rendered":"
Greater Toronto Area (GTA) resale housing market conditions tightened in March 2026 in comparison to last year. Sales were up year-over-year, while new listings were down. …<\/p>\n","protected":false},"author":2,"featured_media":701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"\n