About this video In this April 2026 video, Tom breaks down the March 2026 Toronto housing data and explains why he sees very early signs of recovery, while stressing that the market had not bottomed yet. It helps buyers and sellers see which property types and neighbourhoods were moving fastest and which were still soft. Key points For March 2026 versus March 2025, Tom reported sales up 1.7%, new listings...
About this video
In this April 2026 video, Tom breaks down the March 2026 Toronto housing data and explains why he sees very early signs of recovery, while stressing that the market had not bottomed yet. It helps buyers and sellers see which property types and neighbourhoods were moving fastest and which were still soft.
Key points
- For March 2026 versus March 2025, Tom reported sales up 1.7%, new listings down 16.7% (the third month in a row of fewer new listings) and prices down 6.7% across the board.
- By property type, condos were down almost 10% from the year before, the weakest category Tom covered.
- In the City of Toronto, Tom cited just under 2,000 sales, a 34% sales to new listings ratio, 4.2 months of inventory and homes selling for 99% of asking on average.
- The hottest single family pockets were Leslieville, Riverdale and the Beaches in the east and Bloor West Village, the Junction, High Park and Roncesvalles in the west, with Leslieville and Riverdale averaging 109% of asking.
- Tom expected more room for prices to fall on condos, especially smaller units and units without parking, and did not expect significant price gains in 2026 overall.
Questions answered in this video
Had the Toronto housing market bottomed out by April 2026?
Not overall, according to Tom in this April 2026 video. He saw early signs such as fewer new listings, but said small February to March price ticks happen almost every year and he wanted to see sustained numbers first.
Which Toronto neighbourhoods had bidding wars in spring 2026?
Tom said buyers in Leslieville, Riverdale and the Beaches were likely to face competition, mostly under $1.5 million, and that Birch Cliff offer dates were working mostly under $1 million. On the west side he pointed to Bloor West Village, the Junction, High Park and Roncesvalles.
How were Toronto condos doing compared to houses in March 2026?
Tom noted condo prices were down almost 10% year over year, and the downtown condo zones were the slowest by percentage of asking price and time to sell. Meanwhile, much of the single family market was moving okay and was hot in some areas.
Related: Toronto real estate market updates | Toronto neighbourhood guides | Toronto condo specialist
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The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.
