Toronto Regional Real Estate Board Reports March 2026 Market Trends

Toronto Regional Real Estate Board — March 2026

In March 2026, the Toronto real estate market shows a composite benchmark price of $809,200, with an average price of $803,016. Total sales remain steady at 31, while new listings increased to 145, indicating a shift in market dynamics.

Market Analysis

The Toronto real estate market is currently characterized as a buyer's market, with a significant months of inventory at 8.3. This is an increase from 6.6 months in February 2026, reflecting a growing supply relative to demand. The sales-to-new-listings ratio (SNLR) stands at 21.4%, suggesting that only a small fraction of new listings are being absorbed by buyers, which further emphasizes the current buyer-favorable conditions.

Property Type Analysis

Data for specific property types such as detached homes, attached/townhouses, and apartments is not available for March 2026. However, the overall market trends indicate that buyers may find more options across various property types, given the increase in active listings to 258 compared to 205 in February 2026.

Regional Highlights

The overall price change year-over-year shows a decline of 9.8%, indicating a cooling market compared to the previous year. This trend aligns with the increase in active listings and the stable number of sales, suggesting that buyers are exercising more choice and negotiating power in the current market environment.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as the increased inventory provides a wider selection of properties. Buyers are encouraged to conduct thorough research and consider their options, as the current market conditions may allow for more favorable negotiations on price.

For Sellers

Sellers should be mindful of the current buyer's market dynamics, as the increase in active listings may lead to longer selling times. It is advisable for sellers to price their properties competitively and ensure they are in optimal condition to attract potential buyers in a market where choices are abundant.