Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,017,796
MoM +$8,828 +0.9% up $8,828, 0.9% versus February 2026 YoY −6.9% down 6.9% versus March 2025
Source: TRREB MarketWatch, March 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
March 2026
In March 2026 the average selling price across the Greater Toronto Area held steady at $1,017,796 versus February 2026, and sales jumped 30.3% to 5,039.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$870,000
MoM +$5,000 +0.6% up $5,000, 0.6% versus February 2026 YoY −7.9% down 7.9% versus March 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$941,800
MoM +$3,000 +0.3% up $3,000, 0.3% versus February 2026 YoY −7.4% down 7.4% versus March 2025
Sales — Firm transactions reported through the MLS® System during the month.
5,039
MoM +1,171 +30.3% up 1,171, 30.3% versus February 2026 YoY +0.6% up 0.6% versus March 2025
Dollar volume — Total value of all sales in the month.
$5.13B
MoM +$1,225,987,112 +31.4% up $1,225,987,112, 31.4% versus February 2026 YoY −6.4% down 6.4% versus March 2025
New listings — Properties newly listed during the month.
14,442
MoM +3,737 +34.9% up 3,737, 34.9% versus February 2026 YoY −16.3% down 16.3% versus March 2025
Active listings — Listings available at month end.
21,596
MoM +2,282 +11.8% up 2,282, 11.8% versus February 2026 YoY −8.0% down 8.0% versus March 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
31
MoM −5 days −13.9% down 5 days, 13.9% versus February 2026 YoY +29.2% up 29.2% versus March 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
47
MoM −7 days −13.0% down 7 days, 13.0% versus February 2026 YoY +30.6% up 30.6% versus March 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus February 2026 YoY −2.0% down 2.0% versus March 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
34.9%
MoM −1.2 pp −3.4% down 1.2 pp, 3.4% versus February 2026 YoY +20.2% up 20.2% versus March 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.3
MoM −1 −14.2% down 1, 14.2% versus February 2026 YoY −8.5% down 8.5% versus March 2025
The month in 60 seconds
- Across all TRREB areas, new listings jumped 34.9% to 14,442 versus February 2026.
- Across all TRREB areas, sales jumped 30.3% to 5,039 versus February 2026.
- Across all TRREB areas, active listings jumped 11.8% to 21,596 versus February 2026.
- Across all TRREB areas, the average sale-to-list ratio edged up 1.0% to 98.0% versus February 2026.
- Across all TRREB areas, the average selling price held steady at $1,017,796 versus February 2026.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-0.6%
Q4 2025
Toronto employment growth
0.1%
February 2026
Toronto unemployment rate
8.1%
February 2026
Inflation (CPI, year-over-year)
1.8%
February 2026
Bank of Canada overnight rate
2.3%
March 2026
Prime rate
4.5%
March 2026
1-year mortgage rate
5.49%
March 2026
3-year mortgage rate
6.05%
March 2026
5-year mortgage rate
6.09%
March 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,235 | +552 +32.8% up 552, 32.8% versus February 2026 | $1,342,375 | +$16,721 +1.3% up $16,721, 1.3% versus February 2026 | −6.7% down 6.7% |
| Semi-detached | 442 | +106 +31.5% up 106, 31.5% versus February 2026 | $1,008,246 | −$19,130 −1.9% down $19,130, 1.9% versus February 2026 | −9.3% down 9.3% |
| Att/row/townhouse | 505 | +136 +36.9% up 136, 36.9% versus February 2026 | $931,740 | +$961 +0.1% up $961, 0.1% versus February 2026 | −6.9% down 6.9% |
| Condo townhouse | 371 | +42 +12.8% up 42, 12.8% versus February 2026 | $739,365 | −$9,135 −1.2% down $9,135, 1.2% versus February 2026 | −6.3% down 6.3% |
| Condo apartment | 1,422 | +334 +30.7% up 334, 30.7% versus February 2026 | $620,479 | −$6,171 −1.0% down $6,171, 1.0% versus February 2026 | −9.0% down 9.0% |
| Link | 44 | −3 −6.4% down 3, 6.4% versus February 2026 | $908,147 | −$55,499 −5.8% down $55,499, 5.8% versus February 2026 | −8.0% down 8.0% |
| Co-op apartment | 5 | −8 −61.5% down 8, 61.5% versus February 2026 | $539,796 | −$32,550 −5.7% down $32,550, 5.7% versus February 2026 | −8.9% down 8.9% |
| Detached condo | 12 | +9 +300.0% up 9, 300.0% versus February 2026 | $1,010,500 | +$285,500 +39.4% up $285,500, 39.4% versus February 2026 | −21.3% down 21.3% |
| Co-ownership apartment | 3 | n/a not available, prior month not on file versus February 2026 | $295,000 | n/a not available, prior month not on file versus February 2026 | −22.0% down 22.0% |
Average price by home type
13 months to March 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
| Feb '26 | 1325654 | 1027376 | 930779 | 748500 | 626650 |
| Mar '26 | 1342375 | 1008246 | 931740 | 739365 | 620479 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C09 +73.4% up 73.4%
- Toronto W07 +45.0% up 45.0%
- Caledon +34.9% up 34.9%
- Toronto C03 +30.7% up 30.7%
- Toronto E01 +11.3% up 11.3%
Bottom 5
- Brock −35.8% down 35.8%
- King −23.1% down 23.1%
- Uxbridge −22.7% down 22.7%
- Toronto C06 −21.9% down 21.9%
- Toronto C07 −21.6% down 21.6%
Sales, month-over-month
Top 5
- Toronto E02 +112.5% up 112.5%
- Toronto E04 +104.0% up 104.0%
- Toronto W01 +90.9% up 90.9%
- Georgina +88.5% up 88.5%
- Toronto C02 +88.2% up 88.2%
Bottom 5
- Toronto W05 −24.0% down 24.0%
- Toronto E11 −13.3% down 13.3%
- Toronto C12 −5.9% down 5.9%
- Caledon −5.8% down 5.8%
- Toronto W04 no change no change
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
34.9%
prior month 36.1%
Months of inventory
4.3
All TRREB areas reads differently on the two balance measures — a buyer's market at 34.9% sales-to-new-listings, but balanced conditions at 4.3 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
36.1%
prior month 37.0%
Months of inventory
4.3
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 36.1% sales-to-new-listings, but balanced conditions at 4.3 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
34.2%
prior month 35.6%
Months of inventory
4.3
905 total reads differently on the two balance measures — a buyer's market at 34.2% sales-to-new-listings, but balanced conditions at 4.3 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$751,837
- Sales
- 407
- SNLR
- 32.5%
- MOI
- 5.0
Aggregated across 2 districts · View →
Midtown
$1,529,182
- Sales
- 243
- SNLR
- 36.1%
- MOI
- 4.3
Aggregated across 6 districts · View →
Scarborough
$781,258
- Sales
- 299
- SNLR
- 38.2%
- MOI
- 3.9
Aggregated across 8 districts · View →
York Region
$1,164,324
- Sales
- 887
- SNLR
- 32.5%
- MOI
- 4.7
Region total · View →
Durham Region
$835,985
- Sales
- 640
- SNLR
- 40.6%
- MOI
- 3.0
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.