New home listings across the Greater Toronto Area jumped 35% from February to March, reaching 14,401, new data from HouseSigma has found. This is a typical month-over-month jump as sellers gear up for spring. The problem is the buyers aren’t moving at the same pace.<\/p>\n\n\n\n
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 \u2014 lower even than the 2008\/9 financial crisis.<\/p>\n\n\n\n
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%).<\/p>\n\n\n\n
Lower listing counts but slow sales cycles<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n Active listings at month-end reached 20,959 \u2014 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).<\/p>\n\n\n\n Pent-up demand in the wings?<\/strong><\/p>\n\n\n\n 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 \u2014 they’re uncertain, and uncertain buyers usually watch and wait.<\/p>\n\n\n\n Sammy Kohn, a leading HouseSigma agent in the GTA, said, “The rise in spring listings isn\u2019t 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\u2019s long run as a sellers\u2019 market needed this correction.”<\/p>\n\n\n\n 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.<\/p>\n\n\n\n