GTA Home Sales Rise While Prices Fall in March 2026

Event summary

  • GTA home sales increased by 1.7% year-over-year in March 2026, with 5,039 transactions reported.
  • New listings dropped by 16.7% year-over-year, totaling 14,442.
  • The MLS® HPI Composite benchmark fell by 7.4% year-over-year, with the average selling price at $1,017,796, down 6.7% from March 2025.
  • Month-over-month, seasonally adjusted sales and new listings rose compared to February 2026, with sales increasing at a slightly higher rate.
  • TRREB highlights concerns over long-term housing supply and emphasizes the need for 'missing middle' home types.

The big picture

The GTA housing market is experiencing a shift with rising sales amid falling prices, driven by improved affordability and reduced new listings. This dynamic suggests a potential stabilization or reversal of the price decline if market conditions continue to tighten. The broader trend highlights the need for policy interventions to address long-term supply constraints and promote the development of 'missing middle' housing types.

What we're watching

Market Tightening
Whether the tightening market conditions will lead to stabilized or rising home prices in the coming months.
Supply Dynamics
The pace at which new listings and housing supply can be sustained or improved to meet demand.
Policy Impact
How government initiatives, such as HST and development charge relief, will affect new home construction and affordability.