After months of stagnation, Toronto’s housing market is showing early signs of renewed activity as the spring real estate season gets underway. According to the Toronto Regional Real Estate Board (TRREB), home sales in March increased by 12% compared to the same month last year.
The average selling price for all home types in the Greater Toronto Area stood at $1,095,000 in March, down just 1.3% from March 2025. This represents a significant improvement from the double-digit price drops seen throughout much of 2024.
Mortgage broker David Larock notes that improved affordability is driving the uptick in activity. With fixed mortgage rates below 5% for the first time in two years, buyers are finding their purchasing power has increased significantly.
