What is happening in the Toronto market right now?
Toronto’s March 2026 data shows new listings running 4% below the five year average while sales have dropped 24%, pushing inventory up 32% and months of supply up 52%. The benchmark price is $929,900, down 7.93% year over year despite a modest 0.37% monthly gain. Buyer leverage is entrenched across all segments, with condominiums facing the deepest annual price correction at nearly 10%.
1 Overall Market
Demand weakens further as prices stay under pressure
March data shows constrained listing activity alongside continued demand weakness. New listings are 4% below the five year March average, while sales are down 24%. Inventory has increased 32%, pushing months of supply up 52%.
The benchmark price is $929,900, rising 0.37% month over month but down 7.93% year over year. Market conditions continue to adjust as supply outpaces demand, reinforcing buyer leverage across most segments.
$929,900
Benchmark price
-7.93%
Year over year
+32%
Inventory change
+52%
Months of supply
2 Detached Homes
Monthly gains contrast with sustained annual declines at higher price points
Detached conditions show stable listing flow with weaker demand. New listings are in line with the five year March average, while sales are down 19%. Inventory has risen 42%, increasing months of supply by 59%.
The benchmark price is $1,465,100, up 2.84% month over month but down 6.41% year over year. Monthly gains contrast with sustained annual declines, highlighting ongoing pressure at higher price points.
$1,465,100
Benchmark price
-6.41%
Year over year
+42%
Inventory change
+59%
Months of supply
3 Condominiums
Persistent declines and weak absorption signal continued adjustment
Condominium activity reflects continued softness. New listings are 5% below the five year March average, while sales have dropped 28%. Inventory has climbed 28%, pushing months of supply up 48%.
The benchmark price is $561,600, down 2.36% month over month and 9.52% year over year. Persistent price declines and weak absorption indicate ongoing adjustment in this segment.
$561,600
Benchmark price
-9.52%
Year over year
+28%
Inventory change
+48%
Months of supply
4 Semi-Detached Homes
Supply growth continues to outpace demand, keeping pricing under pressure
Semi-detached conditions show rising supply and declining demand. New listings are 4% below the five year March average, while sales are down 25%. Inventory has increased 41%, pushing months of supply up 73%.
The benchmark price is $1,152,600, up 0.17% month over month but down 7.89% year over year. Pricing remains under pressure as supply growth continues to outpace demand.
$1,152,600
Benchmark price
-7.89%
Year over year
+41%
Inventory change
+73%
Months of supply
Common Questions
Is Toronto currently a buyer’s market or a seller’s market?
Toronto is firmly in buyer’s market territory as of March 2026. Inventory is up 32%, months of supply has risen 52%, and the benchmark price is down 7.93% year over year. Buyers across all segments carry meaningful negotiating leverage, particularly in the condominium and semi-detached markets where supply growth has been most pronounced.
What is the benchmark price in Toronto right now?
The overall benchmark price in Toronto is $929,900 as of March 2026, up 0.37% month over month but down 7.93% year over year. Detached homes benchmark at $1,465,100, condominiums at $561,600, and semi-detached homes at $1,152,600.
Which Toronto property type is under the most pressure right now?
Condominiums are under the deepest pressure, with the benchmark price down 9.52% year over year and 2.36% month over month, while sales have fallen 28%. Semi-detached homes have the highest months of supply growth at 73%, and detached homes show the strongest annual inventory increase at 42%. All three segments are declining year over year.
Why are Toronto home prices still falling even though new listings are below average?
New listings are modestly below the five year average, but sales have fallen much faster at 24% below average. When demand drops more sharply than supply, inventory accumulates regardless of listing flow, and sellers are forced to compete on price. The result is rising months of supply and continued downward price pressure even without a surge in new listings.
Is now a good time to sell in Toronto?
Conditions heavily favour buyers right now, with prices down across all segments and inventory at elevated levels. Sellers who need to move should price based on current comparable sales rather than peak valuations, as buyers have both data and options on their side. Your free Bode Homeowner Dashboard tracks your property’s current value and local market activity continuously so you enter any decision with accurate information.