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Toronto home sales snap losing streak as lower prices entice buyers
TRREB said 5,039 homes changed hands, but the average selling price fell 6.7% to $1,017,796 and the benchmark price also declined.
- In March, Greater Toronto Area home sales rose year-over-year for the first time in six months, with 5,039 homes changing hands; TRREB president Daniel Steinfeld called the activity "encouraging."
- Despite rising sales, average home prices in Toronto have consistently declined over the past year, remaining below $1 million since April 2025 and reaching $928,000 last month.
- Inventory levels tightened as the Greater Toronto Area recorded 21,596 active listings, an 8 per cent decrease, while new listings fell 16.7 per cent from last year to 14,442.
- Many would-be buyers remain on the sidelines awaiting clarity on trade and geopolitical tensions, Jason Mercer, TRREB chief information officer, said in an e-mail; sales remain 52 per cent below the 10-year average.
- Mortgage rates are rising as the Middle East conflict drives up funding costs for fixed-rate loans, while Deloitte forecasts Canadian economic growth will slow to 1.2 per cent in 2026.
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GTA home sales up year-over-year for 1st time in 6 months: Toronto Regional Real Estate Board
Home sales in the Greater Toronto Area rose on a year-over-year basis in March for the first time in six months, while average selling prices moved lower again, according to the Toronto Regional Real Estate Board.
·Canada
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Toronto home sales snap losing streak as lower prices entice buyers
Greater Toronto Area home sales rose for the first time in six months in March in a sign that reduced prices have lured more homebuyers into the market, Toronto Regional Real Estate Board data showed on Tuesday.
·United Kingdom
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The Toronto Star+24 Reposted by 24 other sources
Greater Toronto home sales up year-over-year for first time in six months: TRREB
TORONTO - Home sales in the Greater Toronto Area rose on a year-over-year basis in March for the first time in six months, while average selling prices moved lower again.
·Toronto, Canada
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Coverage Details
Total News Sources34
Leaning Left24Leaning Right0Center5Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
C 17%
Factuality
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