As we move into the spring market, the Greater Toronto Area real estate landscape is beginning to shift once again. March 2026 brought increased sales activity, tightening supply, and early signs that pricing may begin to stabilize.
Across Pickering, Durham Region, and the broader GTA, the market is showing a transition toward more balanced—and potentially more competitive—conditions.
In this March 2026 Market Update, we’ll break down what’s happening across Toronto, Durham, and York Regions, how interest rates and supply are shaping the market, and what this means if you’re thinking of buying, selling, or simply staying informed.
Big Picture: Sales Up, Listings Down
According to the Toronto Regional Real Estate Board (TRREB), there were 5,039 home sales reported across the GTA in March 2026, representing a 1.7% increase compared to March 2025. During the same period, 14,442 new listingswere added to the MLS® System, down 16.7% year-over-year.
This shift—more sales and fewer listings—signals tightening market conditions heading into the spring season.
On a seasonally adjusted basis, both sales and new listings increased compared to February, with sales rising at a slightly faster pace. This indicates growing buyer activity as confidence begins to improve.
TRREB also noted that many buyers are taking advantage of improved affordability, as prices remain lower than last year. However, if inventory continues to tighten, this could lead to more competition and stabilizing prices in the coming months.
If you’re wondering whether this environment makes sense for buyers, we explore that in detail here:
Toronto Region – March 2026
Key Stats (All Property Types):
- New Listings: 5,301 (+31.38% from February)
- Home Sales: 1,913 (+28.3%)
- Average Price: $1,022,874 (+0.37%)
- Days on Market: 31 (-13.89%)
Toronto saw a strong increase in both listings and sales, with homes selling faster and prices remaining relatively stable. This suggests renewed buyer activity heading into the spring market.
Average Prices by Property Type:
- Detached: $1,613,066 (+2.84%)
- Semi-Detached: $1,231,967 (+0.17%)
- Townhouse: $1,200,622 (-1.20%)
- Condo: $648,287 (-2.36%)
Detached homes continue to show resilience, while condos and townhomes remain more price-sensitive.
For a look at how the market evolved last month, revisit:
February 2026 Real Estate Market Update
Durham Region – March 2026
Key Stats (All Property Types):
- New Listings: 1,576 (+39.6%)
- Home Sales: 640 (+41.0%)
- Average Price: $835,985 (-1.68%)
- Days on Market: 24 (-7.7%)
Durham continues to be one of the most active markets, with significant increases in both listings and sales and homes selling quickly.
Average Prices by Property Type:
- Detached: $940,936 (-1.97%)
- Semi-Detached: $737,800 (+8.41%)
- Townhouse: $761,370 (+3.05%)
- Condo: $453,251 (-12.64%)
Durham remains a key market for buyers seeking value, while sellers are seeing strong activity when priced correctly. If you’re selling locally, especially in Pickering, this guide is worth reading:
5 Tips for Marketing Your Pickering Home
York Region – March 2026
Key Stats (All Property Types):
- New Listings: 2,731 (+39.41%)
- Home Sales: 887 (+29.87%)
- Average Price: $1,164,324 (+2.72%)
- Days on Market: 31 (-16.22%)
York Region experienced strong growth in activity, with both listings and sales increasing significantly.
Average Prices by Property Type:
- Detached: $1,472,875 (+0.40%)
- Semi-Detached: $1,003,308 (+0.42%)
- Townhouse: $985,330 (-6.39%)
- Condo: $604,220 (+5.77%)
Homes that are priced accurately and marketed effectively continue to perform well, while others remain on the market longer.
Interest Rates: What to Watch in 2026
Interest rates continue to play a key role in shaping buyer behaviour.
The Bank of Canada maintained its policy rate at 2.25% in March, providing continued stability as we move through the early part of the year.
From a pricing perspective, TRREB reported the MLS® HPI Composite benchmark was down approximately 7.4% year-over-year in March 2026, while the average GTA selling price was $1,017,796, representing a 6.7% decline compared to March 2025.
On a month-over-month basis, pricing has remained relatively stable, suggesting the market may be approaching a leveling point.
For buyers and sellers alike, this reinforces the importance of making decisions based on current market data and strategy—not speculation.
What This Means If You’re Buying
- Inventory is tightening in key areas
- Buyer activity is increasing
- Opportunities still exist before competition rises further
However, the best opportunities go to buyers who are informed and decisive. Understanding neighbourhood-level pricing is critical.
Helpful tools:
What This Means If You’re Selling
As we move into the spring market, we are seeing stronger demand for well-prepared and well-priced homes.
Across Pickering, Durham Region, and the GTA, properties that are presented properly and priced strategically are attracting increased interest and, in some cases, multiple offers.
With listings still below last year’s levels and buyer activity rising, sellers who position their homes correctly are benefiting the most.
However, homes that are overpriced or poorly presented continue to sit on the market.
Today’s market rewards sellers who:
- Price realistically
- Prepare their home properly
- Invest in professional marketing
If your goal is to sell successfully in 2026, strategy matters more than ever. Learn more here:
Selling Successfully
You can also explore homes currently attracting buyer attention:
Featured Listings
Final Thoughts
March 2026 marks an important transition point in the GTA real estate market. With sales increasing, inventory tightening, and prices beginning to stabilize, the spring market is shaping up to be more competitive than earlier in the year.
Whether you’re buying, selling, or simply watching the market, having the right information makes all the difference.
At AA Properties, our focus is always on guiding our clients with clarity, transparency, and strategy.
If you’d like to learn more about who we are and how we work, visit:
About Us
If you’d like to learn more about our good neighbours program, visit:
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If you’re considering a move this year or want a personalized market breakdown, we’re always here to help.
Let’s move forward with confidence.
All market data provided by TRREB.
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