Market Update | April 2026 | The MAC Team, REMAX All-Stars Realty
The Greater Toronto Area housing market is showing early signs of a shift heading into spring 2026. According to the Toronto Regional Real Estate Board (TRREB), resale home sales climbed year-over-year in March for the first time in six months — while selling prices continued to ease, creating a notable window of opportunity for buyers.
Sales Are Up — But So Is Your Negotiating Power
GTA REALTORS reported 5,039 home sales through TRREB's MLS System in March 2026, a 1.7% increase compared to March 2025. GlobeNewswire It marks a meaningful turning point after months of declining activity.
At the same time, the average selling price fell 6.7% year-over-year to $1,017,796, while the MLS Home Price Index composite benchmark — representing the typical home — was down 7.4%. CBC News
For buyers, that combination is significant. TRREB Chief Information Officer Jason Mercer noted that buyers currently benefit from "substantial negotiating power" on price, adding that if market conditions continue to tighten as they did in March, selling prices could start to level off as 2026 progresses. BNN Bloomberg
Supply Is Tightening
While buyers hold the upper hand on price today, supply is quietly shrinking. New listings entered into the MLS System totalled 14,442 in March — down 16.7% year-over-year. GlobeNewswire Total active listings across the GTA also decreased 8%, sitting at 21,596. CBC News
That declining inventory, combined with rising sales, suggests the balance of power in this market could shift faster than many expect.
What This Means If You're Buying
This may be one of the stronger buyer's windows the GTA has seen in several years. Prices are down from their peak, inventory — while shrinking — still offers selection, and mortgage rates have improved from their highs. Waiting for the "bottom" is a strategy that often costs more than it saves.
What This Means If You're Selling
Pricing strategy is everything right now. Homes that are priced correctly for current market conditions are moving. Overpriced listings are sitting. If you've been waiting on the sidelines, understanding your home's true value in today's market is the critical first step.
City of Toronto Snapshot
Within the City of Toronto, there were 1,913 sales in March — a 0.9% increase from March 2025. BNN Bloomberg Activity is picking up across the board, though the pace remains measured.
Thinking about buying or selling in Markham, Unionville, or the broader GTA this spring? The MAC Team at REMAX All-Stars Realty is here to help you navigate the market with confidence. Get in touch today.
Source: TRREB — GTA Home Sales Up and Selling Prices Down in March