New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes.
High inventory levels persist in the condo sector, leading to a trend where unsold units are being absorbed for rental conversions under initiatives like the $1.3 billion GTA Rental and Affordable Housing Initiative . TORONTO REAL ESTATE
The market is widely considered , with inventory levels tightening but high relative to current demand. New listings dropped by 16
A seasonal rebound is underway, with 5,039 transactions in March 2026, marking a 30.3% increase from February. New listings dropped by 16.7% year-over-year
While the Bank of Canada has moved into an easing phase, with the lowest variable rates around 3.3%, the full impact on affordability is expected to take up to 18 months to materialize.