Toronto Regional Real Estate Board Reports March 2026 Market Trends: Composite Benchmark Price at $804,800

Toronto Regional Real Estate Board — March 2026

In March 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $804,800, reflecting a 10.2% decrease year-over-year. Total sales in the month reached 22, with 89 new listings and 135 active listings available for buyers.

Market Analysis

The Toronto real estate market continues to exhibit conditions favorable to buyers, as evidenced by a sales-to-new-listings ratio (SNLR) of 24.7%. With a months of inventory (MOI) at 6.1, the market shows an ample supply of homes available for purchase, allowing buyers to explore options without the urgency often seen in more competitive markets. The average price of homes sold in March stands at $724,214, indicating a slight increase from February's average of $720,000, but still reflecting broader downward price pressures compared to the previous year.

Property Type Analysis

Due to the lack of specific data on property types for March, a comprehensive analysis is limited. However, the overall market dynamics suggest that attached and apartment properties may be more accessible to buyers given the current inventory levels. Detached homes, typically in higher demand, may see slower sales as buyers remain cautious amid declining prices.

Regional Highlights

Regionally, the Toronto market displays a trend of increasing active listings, up from 114 in February to 135 in March. This increase in inventory, coupled with a modest rise in sales, indicates a stabilizing market where buyers have more choices. The 10.2% year-over-year decline in prices further underscores the ongoing adjustments within the market as it responds to economic conditions.

For Buyers

For prospective buyers, the current market presents a unique opportunity to negotiate favorable terms given the increased inventory and buyer-friendly conditions. Buyers are encouraged to conduct thorough research and consider their long-term housing needs, as the current pricing trends may offer advantageous entry points.

For Sellers

Sellers should be mindful of the current market dynamics and adjust their expectations accordingly. With a significant number of active listings and a slower sales pace, pricing homes competitively and ensuring they are in optimal condition will be crucial for attracting potential buyers.