Toronto Real Estate [ COMPLETE — Choice ]

Homes are selling for an average of 97% to 98% of the asking price , with properties staying on the market for an average of 47 to 54 days. Pricing by Property Type

A seasonal rebound is underway, with 5,039 transactions in March 2026, marking a 30.3% increase from February. TORONTO REAL ESTATE

The market is widely considered , with inventory levels tightening but high relative to current demand. Homes are selling for an average of 97%

New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes. New listings dropped by 16

Performance remains uneven across different segments, with the condo market facing the most significant pressure. Property Type Avg. Sold Price (Mar 2026) 12-Month Change Market Status $1,342,375 Balanced, shifting to Seller Semi-Detached $1,008,246 Townhouse Buyer-leaning Condo Apartment Balanced to Buyer Data sourced from WOWA.ca and TRREB . Key Trends & Economic Drivers

While the Bank of Canada has moved into an easing phase, with the lowest variable rates around 3.3%, the full impact on affordability is expected to take up to 18 months to materialize.

High inventory levels persist in the condo sector, leading to a trend where unsold units are being absorbed for rental conversions under initiatives like the $1.3 billion GTA Rental and Affordable Housing Initiative .