The GTA housing market showed a notable shift in March 2026. According to TRREB, 5,039 homes sold, up 1.7% from March 2025. At the same time, the average selling price was $1,017,796, which was still 6.7% lower than a year earlier. That combination is important because it suggests buyers are coming back while pricing remains softer than last year.
One of the biggest stories inside the numbers is supply. New listings fell 16.7% year over year to 14,442, and active listings were down 8%. This means the market is no longer just about weak prices or cautious buyers. It is also becoming a story about shrinking supply, which could tighten conditions as the spring market moves forward.
For buyers, this creates an interesting window. Prices are still below last year, and homes are not moving in the same overheated way seen in past peak markets. But if listings keep falling while demand improves, buyers could start facing more competition in some GTA neighbourhoods, especially in high-demand family home segments. Reuters described March as the first rise in GTA home sales in six months, pointing to lower prices as a key reason some buyers stepped back in.
The main takeaway is that the GTA market may be entering a transition phase. It is not a full-blown seller’s market, but it is no longer simply a market of waiting and hesitation either. If this pattern continues through spring, March 2026 may end up being remembered as the month the GTA market started to turn.