Greater Toronto home sales up year-over-year for first time in six months: TRREB
Written by The Canadian Press on April 7, 2026
TORONTO — Home sales in the Greater Toronto Area rose on a year-over-year basis in March for the first time in six months, while average selling prices moved lower again.
The Toronto Regional Real Estate Board said 5,039 homes changed hands in March, up 1.7 per cent from the same month last year, marking the first increase since last September.
Sales also increased 1.4 per cent on a seasonally adjusted basis from February.
TRREB president Daniel Steinfeld said it’s an “encouraging” sign to see activity start to grow, suggesting more households are seeking to take advantage of improved affordability.
“Positive news on trade and geopolitical issues would help improve consumer confidence and home sales in the months ahead,” Steinfeld said in a news release.
The average selling price was down 6.7 per cent from March 2025 to $1,017,796, and the composite benchmark price, meant to represent the typical home, was down 7.4 per cent year-over-year.
Selling prices remained relatively flat on a month-over-month seasonally adjusted basis.
“Buyers continued to benefit from substantial negotiating power on price across major market segments in the last month. This explains why benchmark and average selling prices were down year-over-year,” TRREB chief information officer Jason Mercer said.
“However, if market conditions continue to tighten, as they did in March, selling prices could start levelling off as we move through the remainder of 2026.”
There were 14,442 new listings on the market in March, down 16.7 per cent from last year.
Inventory decreased eight per cent as there were 21,596 total active listings throughout the Greater Toronto Area.
There were 1,913 sales last month in the City of Toronto, a 0.9 per cent decrease from March 2025. Throughout the rest of the GTA, home sales were up 2.1 per cent to 3,126.
Detached homes saw the biggest bump in year-over-year sales, up 5.2 per cent across the region. There were also 1.7 per cent more condo sales compared with the same month last year.
Meanwhile, the semi-detached market fell 6.9 per cent year-over-year, while townhouses saw 1.7 per cent fewer sales.
This report by The Canadian Press was first published April 7, 2026.
Sammy Hudes, The Canadian Press