March Toronto Real Estate Update

Hey there! 👋 We made it through March, and while the weather’s still confused about what season it is, the Toronto real estate market is starting to wake up—and not quietly either.

February played it cool. March came with a little more energy—but not a full comeback tour.

Buyers, sellers, and investors have all reentered the market, but they’re not always on the same page. With inventory increasing and sales picking up, the market is active—but when it comes to prices, there’s a bit of a disconnect between what buyers want and what sellers are asking for.

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So what’s really going on out there? Let’s break it down.

There was a big surge in new listings across the board. Detached homes, semis, townhomes, condos—you name it, more of it hit the market. For buyers, that’s great news. More selection, more breathing room, and in some cases, a bit more negotiating power. For sellers though? This uptick in competition means one thing: you’ve got to show up strong. Think good pricing, clean staging, and zero cutting corners.

Sales are up too—but not at the same pace as listings. So while homes are moving, the growing inventory means buyers can afford to be a little picky again. Translation: overpriced, under-prepped listings are just sitting around like wallflowers at a dance.

The most interesting piece? Prices actually dipped in most categories this month. Nothing dramatic—more of a gentle slide than a crash—but it’s enough to signal that we’re still in a sensitive, mood-swingy market. A market where pricing strategy and presentation really matter.

That said, homes that are priced right and show well? They’re selling fast. Like really fast. In some cases, even faster than last month. So the demand is still there—it’s just more discerning.

My Take

March was the start of what looks like a classic Toronto spring market—more listings, more action, and a whole lot of “wait and see.” Buyers are cautiously coming out of the woodwork, sellers are testing the waters, and everyone’s watching the Bank of Canada like it’s the season finale of their favourite drama series.

So what’s the move?

If you’re a buyer, this is the moment to get serious. More options, less pressure, and a window where competition hasn’t gone full chaos mode yet. If you’re pre-approved and know what you’re looking for, don’t sleep on this opportunity.

If you’re a seller, you need to be sharp. This isn’t a market where you can throw a sign on the lawn and hope for the best. Work with someone who knows how to market, price, and negotiate (hi 👋), and make sure your place is putting its best foot forward.

Toronto’s not in a boom, and it’s not in a bust—it’s in a “prove it” market. Prove your price. Prove your value. Prove you’re ready. And the good news? If you do, the results are still solid.

As always, if you want to talk strategy, compare neighbourhoods, or just make sense of the numbers—I’m here for it. Let’s make your next move a smart one!

You've read my personal opinion, but now here are the cold, hard facts.

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Please note that these statistics cover only the City of Toronto. Not Richmond Hill, Not Mississauga, Not Vaughan, etc. If you would like to know what's happening in another area in GTA, please reach out and let me know. I'm happy to chat!  

‍Want to look on your own and see the numbers for yourself? Click Here to view the official statistics that every Real Estate gets sent from TREB and uses for their market updates. These are the exact numbers I use for my Toronto updates and if you want, I can prepare an update as detailed as this blog update for your city, neighbourhood and even street.

Don't be shy, reach out and just ask!

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So without further ado, let's take a look at the March Statistics with the charts and breakdown below ⤵️

New listings were up across the board in March, giving buyers more choice in nearly every property category. Detached homes saw a 15% increase, while semi-detached homes rose by over 58%. Freehold townhomes nearly doubled, and both condo townhomes and condo apartments also saw strong gains. This increase in supply signals a more active spring market and suggests that more sellers are feeling confident about listing their homes.

Looking at each property type specifically,

Detached homes went from 1214 new listings to 1688, a +15.18% increase.

Semi-Detached went from 294 to 466, a +58.5% increase.

Freehold Townhomes went from 100 to 196, a +96% increase.

Condo Townhomes went from 303 to 449, a +48.18% increase.

Condo Apartments went from 2682 to 3557, a +32.62% increase.

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Inventory has seen a notable increase across nearly all property types, with detached homes leading the charge, up by more than 77%. This surge in available listings means that buyers now have more options, especially in the detached home market. For those looking at semi-detached, freehold townhomes, and condo apartments, more inventory is also available, which may lead to increased competition among buyers. Overall, the market is shifting as supply catches up with demand, offering a bit more breathing room for prospective buyers.

Specifically,

Detached homes went from 1214 to 2156, a +77.59% increase.

Semi-Detached went from 326 to 432, a +33.44% increase.

Freehold Townhomes went from 146 to 205, a +40.41% increase.

Condo Townhomes went from 539 to 634, a +17.63% increase.

Condo Apartments went from 4977 to 5602, a +12.56% increase.

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Sales have increased across most property types, with detached and semi-detached homes seeing significant gains, while condo townhomes saw a decrease in sales. The uptick in sales for freehold townhomes and condo apartments suggests that certain property types continue to be in demand, while others may face more competition or slower sales. The market remains varied, so it's important to stay aware of trends in the specific property type you're interested in.

Looking at each property type and it's sale from last month to this,

Detached homes went from 411 to 572, a +39.17% increase.

Semi-Detached went from 145 to 208, a +43.45% increase.

Freehold Townhomes went from 51 to 59, a +15.69% increase.

Condo Townhomes went from 92 to 126, a +36.96% decrease.

Condo Apartments went from 830 to 927, a +11.69% increase.

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The overall pricing trend in March highlights a market in flux. While some property types saw modest price declines, others experienced growth. This suggests that while the market is stabilizing for certain segments, others are still adjusting to current conditions. If you’re a buyer or seller, it’s crucial to focus on the specific property type you're interested in, as the pricing shifts are far from uniform across the board.

Focusing on the Avg. Price,

Detached homes went from  $1,782,262, to $1,723,489, a -3.3% decrease.

Semi-Detached went from  $1,275,214 to $1,229,000, a -3.62% decrease.

Freehold Townhomes went from $1,237,604 to $1,297,377, a +4.83% increase.

Condo Townhomes went from  $912,334 to $825,222, a -9.95% decrease.

Condo Apartments went from  $724,632 to $716,460, a -1.13% decrease.

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The days on market show a clear trend toward faster sales for many property types, especially freehold townhomes, which saw a notable decrease. While condo townhomes did see a slight increase, most other segments are moving more quickly compared to last month. If you're looking to buy or sell, timing will be key—properties in certain categories are selling at a much faster pace, so being prepared and responsive can give you an edge.

Looking at each property type :

Detached didn't change at all from month-to- month and remained at 22 days to sell.

Semi-Detached 21 to 15 days (a -28.57% decrease).

Freehold Townhome 25 to 13 days (a -48% decrease).

Condo Townhomes 27 to 2 days (a +3.7% increase).

Condo Apartments 36 to 32 days(a -11.11% decrease).

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Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR

‍‍Want to know what the current value of your home is or what's going on in your neighbourhood?

Please feel free to reach out! I'm happy to prepare a completely free, no obligation custom market report just for you

If you or anyone is thinking of a move don’t be shy and reach out.  

After all, everyone’s individual situation requires an individual and unique strategy and plan.

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