Toronto real estate prices rose 0.3% to $941,800 in March, marking a modest recovery but still 7.4% below last year. Sales increased slightly to 5,039 homes, the second-weakest March in 15 years. New listings dropped 16.7%, yet inventory remains high with 21,596 active listings, creating a buyer’s market. Excess supply and unsold new construction continue to challenge the market’s recovery.