Toronto Regional Real Estate Board Reports March 2026 Market Trends: Prices Decline Amid Increased Activity

Toronto Regional Real Estate Board — March 2026

In March 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $863,100 and an average price of $991,288. Total sales increased to 43 from 23 in February, while active listings rose slightly to 107.

Market Analysis

The Toronto real estate market in March 2026 shows signs of increased activity, with total sales rising significantly compared to the previous month. The months of inventory stands at 2.5, indicating a seller's market, as the supply of homes remains relatively low compared to demand. However, the year-over-year price change reflects a decline of 11.9%, suggesting that while sales are improving, prices are still adjusting downward in response to market conditions.

Property Type Analysis

Data on property types for March 2026 is not available, making it difficult to provide a detailed breakdown. However, the overall market dynamics indicate that both buyers and sellers are navigating a landscape characterized by a limited supply of listings and fluctuating prices.

Regional Highlights

Regionally, the increase in new listings to 83 suggests that sellers may be responding to the current market conditions by bringing more properties to market. This influx could help alleviate some of the pressure on inventory levels, which have remained tight. The sales-to-new-listings ratio (SNLR) of 51.8% indicates a healthy balance, with more than half of new listings being absorbed by buyers.

For Buyers

Buyers are encouraged to act decisively in the current market, as the increase in sales indicates a competitive environment. With prices experiencing a year-over-year decline, there may be opportunities to negotiate favorable terms, but buyers should be prepared for potential bidding wars as inventory remains limited.

For Sellers

Sellers should consider the current market dynamics and the recent increase in new listings. Pricing properties competitively will be crucial in attracting buyers, especially in a market where prices have seen a notable decline. Engaging a knowledgeable real estate professional can help sellers navigate these conditions effectively.