GTA Real Estate Market Report – March 2026
Supply Pulled Back Changing Spring Setup
February continued the slower market pattern we’ve been watching, but with one meaningful change as new listings fell more sharply than sales. If that trend continues into spring, buyers may have less selection, and well-positioned listings could begin to attract stronger competition.
TRREB reported 3,868 GTA home sales in February, down 6.3% year over year. New listings dropped more sharply to 10,705, down 17.7%, while the average selling price came in at $1,008,968, down 7.1%. So while buyers are still selective, the amount of fresh inventory coming to market is starting to thin out.
The average selling price was $973,289, down 6.5%, and it slipped under $1 million for the first time since January 2021. That alone will get some buyers back into the conversation.
Detached homes averaged $1,568,543, down 8.2% year over year, while condos averaged $663,984, down 8.8%. Though condos remain the softer segment, if supply continues to tighten, even budget-conscious buyers may start moving more quickly when well-positioned listings come to market.
Across segments, detached homes averaged $1,277,915 (down 7.4%), and condos averaged $604,759 (down 9.8%). Condos are still the softer segment overall, but entry-level homes that are priced well can still pull serious interest.
