YoY Toronto home sales increase for the first time in six months

Greater Toronto's resale market tightened in March 2026 with sales rising 1.7% to 5,039 despite a 16.7% drop in new listings. Average prices fell 6.7% to about $1.02 million, with detached homes dominating sales and condos struggling. Stable borrowing costs and easing inflation boosted demand, but supply concerns persist. The region needs more "missing middle" housing to address affordability and prevent a supply shortage.