Market Report - Toronto Real Estate
In March 2026, looking back at last month the Toronto Area real estate market remained in a holding pattern. Buyers and sellers are cautious due to economic uncertainty. According to the Toronto Regional Real Estate Board (TRREB), 3,868 homes were sold through the MLS® System in February, representing a 6.3% decline compared to February 2025. During the same period, 10,705 new listings entered the market, marking a 17.7% decrease year-over-year.
In the Greater Toronto Area statistics do not tell the full story. Real estate continues to be highly localized, and some desirable neighbourhoods within the City of Toronto are experiencing stronger activity than the overall market suggests. Areas such as East York, The Beaches, High Park, and parts of Etobicoke are seeing greater buyer interest. These micro-markets continue to outperform due to their established communities, access to transit, schools, and lifestyle amenities.
Looking ahead to the spring market, there are signs that pent-up demand continues to build beneath the surface. If the trend of declining new listings continue, competition among buyers could increase. This in turn would likely support home prices and potentially increase sales activity.
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