Just 4,896 resale homes sold in the GTA in March 2026, as seen in the infographic below. For context, the 10-year average for March sales is 9,003, with this March coming in at only just over half that average. In fact, last month was the lowest March for sales in HouseSigma’s GTA data, which goes back to 2003 — lower even than the 2008/9 financial crisis.

The sluggish market continues to put downward pressure on prices. The median sale price across all GTA home types came in at $875,000 in March, only slightly lower than February’s $878,500 but down 7.4% from a year ago. All three property types sold for a lower median price, year-over-year: detached homes at $1,200,000 (-7.7%), attached at $850,000 (-8.1%), and condo apartments at $548,000 (-9.4%).

Lower listing counts but slow sales cycles

The mismatch between supply and demand is showing up clearly in days on market. Active listings took an average of 32 days to sell in March, down from 36 in February, which is a normal seasonal improvement. Property days on market, which captures the full picture of how long a home has actually been available (including any periods where it was briefly delisted and relisted), sits at 65 days. That gap between DOM and PDOM is evidence a lot of the home listings in the GTA have been around for a while.

Active listings at month-end reached 20,959 — up 9.6% from February, but down 19% from March 2025. That is because the 14,401 new listings in March mentioned above, which may be higher than February, are still down 17% from March 2025. It’s clear that both sides of the market are pulling back, with sellers clearly nervous that now is not a good time to offload their home (especially if they’re looking for a strong price).

Pent-up demand in the wings?

There may still be considerable demand waiting in the wings. After all, life goes on, and people still need to move and buy homes. Mortgage rate cuts over the past year have improved affordability on paper, and the reduction in home prices have improved it further still. But improving affordability and people actually buying are two different things, and the gap between them is visible in the data. Buyers aren’t uninterested — they’re uncertain, and uncertain buyers usually watch and wait.

Sammy Kohn, a leading HouseSigma agent in the GTA, said, “The rise in spring listings isn’t unusual, but the slower pace suggests a healthy recalibration. Some listings have stayed on longer, and buyers now have room to make thoughtful moves. Toronto’s long run as a sellers’ market needed this correction.”

Check out our interactive March 2026 GTA MarketWatch infographic, below, to see the full stats breakdown by property type and the hottest communities for listing activity. Just hover over or click on the charts to see the precise data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

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February’s real estate statistics still tell the story of a buyer’s market. The total number of homes sold in the GTA in February was 3,672, which was a fairly typical near-20% seasonal increase from January, but down 11.1% from a year ago. Across all home types, the median GTA sale price in February was $878,500, up 4.4% since January but 5.5% lower than a year ago.

February’s inventory sat at 19,129 active listings, giving buyers plenty of choice and negotiating room. Homes are still sitting on the market for 72 days on average, including instances where homes were de-listed and quickly re-listed. That’s well above the frenzied sales pace of previous years.

Is the market finding its floor?

However, there is an interesting development in home listing terminations and expirations, which dropped to 4,612 in February — nearly half the 10,781 recorded last September, after months of decline. This steady fall suggests sellers are increasingly pricing realistically from the start, rather than testing the market at aspirational prices and being forced to retreat. While there are no guarantees of how the market will move, when the gap between what sellers want and what buyers will pay starts to close, it’s typically one of the earliest indicators that a market is finding its floor.

For buyers, this could be a “pay attention” moment. The combination of still-lower prices, high inventory, and a motivated seller base that’s getting more pragmatic may represent the sweet spot — before spring competition potentially picks up and that leverage gradually disappears.

Condo prices down but showing recovery

Entry-level buyers looking for a condo may have a particularly good opportunity right now. The median condo price is $552,000, down from $602,250 a year ago — a saving of $50K, which is meaningful difference on a purchase of that size. But the price has risen twice in the past two months, and could continue to see an increase into the spring market.

“Sellers appear to be finally catching up to where the market really is, not where it used to be. We’re seeing more listings priced right from the start — and that’s a healthy adjustment for everyone. It’s an encouraging sign that confidence is returning as pricing becomes more grounded in today’s reality.”

Sammy Kohn, a leading HouseSigma agent in the GTA

Check out our newly interactive February 2026 GTA MarketWatch infographic, below, to see the full breakdown by property type and where the hottest communities are for listing activity. Just hover your mouse over the charts to see the precise data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA buyer’s market window still open, but are there early signs of it closing? appeared first on HouseSigma.

Home sales in the Greater Toronto Area in January 2026 totalled just 2,912 residential transactions – the lowest monthly figure since December 2008, which was during the global financial crisis.

Despite the sluggish market, new home listings in the region doubled last month compared with December 2025 – although December’s new listings were so low, it’s still a relatively small figure. Nevertheless, active inventory is very high for January, due to the extremely slow sales activity.

Naturally, with so much inventory and so relatively few transactions, average property days on market in the GTA is now 90 days, which is the highest on HouseSigma’s records. Property days on market is the average number of days it takes a home to sell, including if the home was delisted and quickly relisted.

The median price of a home sold last month slipped slightly from December to $848,500. The price has been dropping steadily and is now at levels seen just before the 2021 surge in pricing.

“While January brought the slowest sales in more than 17 years, the increase in listings and steady pricing suggest a market finding its footing. For buyers and sellers with a plan, this environment can work to their advantage.”

Sammy Kohn, a leading HouseSigma agent in the Greater Toronto Area

Check out the January 2026 MarketWatch infographic below for more details on the GTA real estate market, including breakdowns by property type and municipality.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: January saw lowest number of GTA home sales since 2008 global financial crisis appeared first on HouseSigma.

The owner (possibly the developer, as this is a 2023-built home) first listed it at $19.99 million, and gradually decreased the price in new listings over the following months, finally asking $10.29 million and ending up in a power-of-sale transaction in May 2025 at $7.5 million. Even at this price, the home made our GTA 10 most expensive home sales of 2025 list. The eventual $2.79 million difference between the sale price and its final list price was still the largest dollar discount of any single GTA residential property sale in 2025.

HouseSigma’s deep dive into list-price-vs-sales-price data (see infographic below) found that nearly three-quarters of GTA home sales went for under the final asking price in 2025, with nearly one quarter going for over list. The median difference in the GTA region across 2025 was a discount of 2.5%. Condos saw slightly deeper discounts, followed by detached homes, with attached homes getting closest to asking.

The softening of the high-end sector is also evident in the fact that luxury-home-heavy areas such as King, Caledon, and Oakville were the municipalities to see the largest gaps between asking price and sale price. In contrast, Oshawa and Clarington, municipalities among the cheapest for median sale prices, saw the lowest median discounts from list price.

The individual home that went for the highest percentage amount under its final list price was not the above Forest Hill mansion, but an unassuming Scarborough bungalow whose owners had wanted $1.49 million but accepted $845,000, a reduction of 43.5%.

However, with a quarter of GTA homes going for over list price, there were some sales success stories. The home that went for the highest dollar amount over asking in 2025 was a lakefront beauty in The Beaches, right on the boardwalk, which got $1.68 million over its $2.5 million list price, for a sale at $4.18 million. The highest percentage premium was paid for a one-bed North York condo that was strategically listed at $199,000 and sold at $495,000, or 148.7% more.

Sammy Kohn, a leading HouseSigma agent in the region, said, “The GTA’s high-end homes aren’t bulletproof. Listing what a seller feels is a $10 million-plus property, only to see it sell for $7.5 million, is a clear reminder that even the priciest addresses need to respect market shifts. In today’s market, prestige alone doesn’t set the price—buyers do.” 

Check out the full-year 2025 GTA PriceWatch infographic, below, to see more details and breakdowns of median sale prices and discounts by property types and municipality rankings.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA luxury home sector falters, with one mansion selling $12.2M under first asking price appeared first on HouseSigma.

In what was the slowest home sales year on HouseSigma’s 23-year record, almost half of homes that were listed for sale in 2025 did not end up selling. Some 47% of unique home listings either expired, or were terminated, or are still for sale.

The GTA saw only 60,597 residential resale transactions in 2025, which is the lowest on HouseSigma’s 23 years of records, less than half that of the peak in 2021, as well as being down nearly 12% from 2024, and even lower than the financial crisis year of 2008 (see graph in infographic below). The Toronto Regional Real Estate board reported that the last time sales were lower than this was in 2000, at just over 60,000 sales.

There were 181,477 new listings on the market across 2025, although not all those were unique properties, as some were delisted and relisted. The number of unique homes listed was 110,564, of which 52,426 did not sell.

This increase in supply combined with falling sales put downward pressure on the median price of a GTA home sale in 2025, which was down 4% year over year to $925,000.

Since 2016, HouseSigma has been tracking “property days on market” in the region, which measures the average total number of days a property (all home types combined) has been for sale, including if it was delisted and quickly relisted. This monthly figure was higher in 2025 than all of the previous years on record, and culminated in a record high in December 2025 of 87 average property days on market.

Sammy Kohn, a leading HouseSigma agent in the Greater Toronto Area, commented, “Low sales don’t mean a broken market—they signal a transition. Buyers finally have some leverage, and sellers who adapt early are the ones still getting deals done. This is one of the most interesting moments I’ve seen in Toronto real estate in years.”

Check out the full-year 2025 GTA infographic for more details, below.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: Only half of homes listed in the GTA in 2025 were sold appeared first on HouseSigma.