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Market UpdateMar 18, 2026· 5 min read
Ontario Housing Market Shows Signs of Recovery
Home sales in the GTA increased 12% month-over-month as buyers return to the market and inventory tightens.
After a slow start to the year, the Greater Toronto Area is showing the clearest signs of recovery in 18 months. Resale volumes climbed 12% month-over-month and new listings finally stopped outpacing demand.
Pre-approvals are up sharply — a leading indicator that buyer confidence is returning. Detached homes in the 905 are seeing the strongest renewed interest, while downtown condos remain a buyer's market.
Our recommendation: if you've been on the sidelines, get pre-qualified now. Competing offers are quietly returning in pocketed neighbourhoods, and a rate-hold combined with a real pre-approval is once again a meaningful edge.