The Greater Toronto Area (GTA) housing market is showing signs of a tighter landscape as we head into the spring season. According to the latest data from the Toronto Regional Real Estate Board (TRREB), March 2026 saw a year-over-year sales increase of 1.7%, with 5,039 total transactions. Simultaneously, new listings dropped by 16.7%, signaling a shift in supply dynamics.
While buyers continue to benefit from lower prices compared to March 2025—with the average selling price down 6.7% to $1,017,796—experts suggest that this window of high negotiating power may be narrowing. As market conditions tighten, price points are beginning to level off. TRREB leadership emphasizes the urgent need to address the ‘missing middle’ housing supply to ensure long-term stability and affordability across the region.
For a deeper look into the monthly statistics and expert commentary on the future of the GTA housing pipeline, read the full report at TRREB.ca.
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