🌸🏡 GTA Housing Market Update – March 2026
Spring Market Gains Momentum as Inventory Tightens
This is not the update that you think it is for Milton. I’m not going to just show you the numbers for all of Milton or GTA because those numbers don’t actually mean anything for you. So for our sellers and buyers right now, this one’s for you.
Here’s what you need to know.
First of all, the market has not hit bottom yet. Secondly, the inventory is down nearly 17% as compared to last year. So yes, we have less competition if you’re selling, but there’s less to choose from if you’re buying. Prices in Milton are down 5. 3% as compared to last year. And while the GTA saw an uptake in pricing, Milton is the same. The sales were down 11% number of sales. And so this market rewards people who know what’s actually happening. So now you know.
📊 March 2026 Market Snapshot
- 5,039 home sales
🔺 Up 1.7% vs. March 2025 - 14,442 new listings
🔻 Down 16.7% year-over-year - Average selling price: $1,017,796
🔻 Down 6.7% vs. March 2025 - MLS® HPI Composite Benchmark:
🔻 Down 7.4% year-over-year
On a seasonally adjusted basis, both sales and new listings increased compared to February 2026, with sales rising at a slightly faster pace—further contributing to tightening market conditions.
💬 Market Insights
“Buyers continued to benefit from strong negotiating power in March, which is reflected in lower prices year-over-year,” said TRREB Chief Information Officer Jason Mercer.
“However, if the current trend of tightening supply continues, we could see selling prices begin to stabilize as we move through the rest of 2026.”
Month-over-month, prices remained relatively stable, with the MLS® HPI edging down slightly and the average selling price ticking up modestly from February.
🏠 What This Means for Buyers & Sellers
For Buyers:
- Improved affordability continues to create opportunity
- Fewer listings could mean increased competition in the months ahead
For Sellers:
- Tightening supply may help stabilize prices
- Well-positioned properties could see stronger demand this spring
Bottom Line
March marked a turning point toward a more balanced—and potentially tightening—market. With demand gradually returning and supply declining, the GTA housing market is entering the spring season with cautious optimism and the potential for increased activity.
All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.
Milton Real Estate Market
The average price in Milton $939,648
Burlington Real Estate Market
The average price in Burlington $1,098,789
Oakville Real Estate Market
The average price in Oakville $1,360,873
