Toronto housing shows first sales gain in 6 months as prices keep slipping
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The Greater Toronto Area housing market showed a modest return of momentum in March 2026, with seasonally adjusted sales rising 1.4% to 4,546 units, the first monthly increase in six months. At the same time, the home price index fell 0.6% to C$928,000, marking a tenth consecutive monthly decline. Actual home sales reached 5,039 in March, up 1.7% year over year.
The figures suggest that softer prices are beginning to pull some buyers back into the market, although the sector remains under pressure from affordability and financing constraints. In other words, activity is improving, but the rebound is still fragile rather than broad-based.
At the federal level, Ottawa is continuing to advance Build Canada Homes, a new federal agency designed to build affordable housing at scale by leveraging public land, flexible financing, financial incentives, and large portfolio projects to attract more investment and accelerate construction. The agency also says it will back modern building methods, including factory-built housing.
That strategy has moved further into implementation in recent weeks through new partnerships in Quebec and New Brunswick, including hundreds of homes in Quebec and up to 1,200 affordable homes in New Brunswick, with the potential to scale to 1,500. The federal message is becoming clearer: boost supply more directly while major housing markets continue adjusting to weaker prices and stretched affordability.
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Tahani Elghazaly5375 Posts
