Greater Toronto Home Sales Rise Annually for First Time in Six Months: TRREB

In March, home sales in the Greater Toronto Area (GTA) experienced a year-over-year increase for the first time in six months. According to the Toronto Regional Real Estate Board (TRREB), this was a notable development in the region’s real estate market.

Greater Toronto Home Sales Statistics

A total of 5,039 homes were sold in March, representing a 1.7% rise compared to the same month last year. This increase marks the first positive change in sales since September. Furthermore, when adjusted for seasonal factors, sales saw a 1.4% boost from February.

Market Commentary

Daniel Steinfeld, the president of TRREB, highlighted the rise in activity as a promising sign. He indicated that more households appear eager to capitalize on the current market conditions and enhanced affordability.

Average Selling Prices and Inventory Trends

• The average selling price in March was $1,017,796, reflecting a 6.7% decrease from March 2025.
• The composite benchmark price, which represents the typical home, decreased by 7.4% year-over-year.
• New listings in March totaled 14,442, a decline of 16.7% from the previous year.
• The overall inventory in the GTA fell by 8%, resulting in 21,596 active listings.

These statistics illustrate a dynamic market influenced by shifting conditions. Despite a decrease in average prices, the increase in sales activity suggests a potential recovery for homebuyers in the Greater Toronto Area.

This report was originally published by The Canadian Press on April 7, 2026, showcasing the evolving landscape of the GTA real estate market.