🌸🏡 GTA Housing Market Update – March 2026
Spring Market Gains Momentum as Inventory Tightens
This isn’t your typical market update focused on broad GTA or Milton averages, because those numbers don’t always reflect what’s actually happening on a local, practical level for buyers and sellers. This one is specifically for you.
Here’s what you need to know:
The market has not yet hit bottom. Inventory is down nearly 17% compared to last year, which means less competition if you’re selling, but also fewer options if you’re buying.
In Milton, prices are down approximately 5.3% year-over-year. While parts of the GTA have seen slight increases, Milton has remained relatively flat. At the same time, sales are down about 11%, reflecting a quieter, more selective market.
This is a market that rewards people who understand what’s really happening beneath the surface.
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
