The Toronto Regional Real Estate Board (TRREB) reports a modest uptick in March, with over 5,000 homes sold—a 1.7 per cent increase compared to last year. While sales activity is showing signs of life, the market landscape remains complex. Average selling prices have dipped 6.7 per cent year-over-year to $1,017,796, providing a window of opportunity for buyers to leverage significant negotiating power. However, inventory remains a primary concern, with new listings plummeting 16.7 per cent. Experts note that while current conditions feel more balanced, the scarcity of ‘missing middle’ housing and rising fixed mortgage rates present ongoing challenges. As the spring market progresses, tightening conditions could lead to price stabilization. For a deeper dive into the shifting dynamics of the GTA housing sector and expert commentary on the future of supply, read the full report at the Financial Post: https://financialpost.com/real-estate/toronto-home-sales-rise-buyers-benefit-negotiating-power
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