Real Estate Market Report | Toronto | March 2026
Short Term Price Rebound Within Broader Downtrend
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So what's happening in the Toronto real estate market as of March 2026?
February data shows constrained listing activity alongside sharply lower sales. New listings are 5 percent below the five year February average, while sales are down 25 percent. Inventory has increased 36 percent, pushing months of supply up 57 percent. The benchmark price is $920,400, rising 7.43 percent month over month but down 6.25 percent year over year. Short term price gains contrast with broader annual declines, indicating continued adjustment as supply outpaces demand.
Toronto's Detached Homes
Detached conditions reflect declining demand and rising supply. New listings are 3 percent below the five year February average, while sales are down 19 percent. Inventory has climbed 45 percent, increasing months of supply by 60 percent. The benchmark price is $1,448,000, up 1.74 percent month over month but down 11.99 percent year over year. The sharp annual decline highlights sustained pressure at higher price points despite recent monthly stabilization.
Toronto's Condominums
Condominium activity remains under pressure. New listings are 7 percent below the five year February average, while sales have dropped 32 percent. Inventory has risen 31 percent, pushing months of supply up 60 percent. The benchmark price is $560,000, up 5.07 percent month over month but down 8.37 percent year over year. Continued supply expansion and weak absorption are driving ongoing price adjustments in this segment.
Toronto's Semi-Detached Homes
Semi detached homes show relative resilience. New listings are 6 percent below the five year February average, while sales are down 15 percent. Inventory has increased 41 percent, lifting months of supply by 51 percent. The benchmark price is $1,139,500, rising 7.30 percent month over month but down 3.56 percent year over year. Pricing remains more stable than other segments, though supply growth is increasing competitive pressure.
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