Toronto Regional Real Estate Board Market Report - March 2026

Toronto Regional Real Estate Board — March 2026

In March 2026, the Toronto real estate market shows signs of stabilization with a composite benchmark price of $1,165,200. Total sales increased to 28 from 22 in February, while active listings decreased to 81, indicating a competitive environment for sellers.

Market Analysis

The Toronto real estate market is currently characterized as a seller's market, with a sales-to-new-listings ratio (SNLR) of 45.9%. This figure suggests that demand is outpacing supply, as the months of inventory stands at 2.9, down from 4.0 in February. The average price of homes has decreased by 4.8% year-over-year, reflecting a slight cooling in price appreciation amidst ongoing demand pressures.

Property Type Analysis

Due to the absence of specific benchmark prices and sales data for detached, attached, and apartment properties, a detailed comparison among these property types is not available this month. However, the overall market dynamics indicate that competition remains strong, particularly for properties that are well-priced and in desirable locations.

Regional Highlights

Regionally, the decline in active listings to 81 from 89 in February suggests a tightening market, which may lead to increased competition among buyers. The increase in total sales to 28 indicates a growing interest in the market, despite the year-over-year price decline, signaling potential opportunities for both buyers and sellers.

For Buyers

Buyers are encouraged to act swiftly in the current market conditions, as the low months of inventory indicate that desirable properties may not remain available for long. Conducting thorough research and being prepared to make competitive offers can enhance the chances of securing a property.

For Sellers

Sellers should take advantage of the current seller's market by ensuring their properties are well-presented and competitively priced. With a strong SNLR and decreasing inventory, now may be an opportune time to list, as buyers are actively seeking homes.